The case was scheduled for mediation. At mediation, Travelers claimed they had recently changed adjusters on the file and had not had an opportunity to correctly evaluate the claim. Translation: mediation was a complete waste of time and money for everyone involved. Even worse, this is a known tactic that insurance companies employ when trying to get injury victims to take lower settlements on their cases.
Travelers wanted to schedule a second mediation in the ensuing weeks. VB Attorneys declined this invitation and said that if Travelers did not want to negotiate now, the case would be tried to a jury verdict.
Shortly thereafter, VB Attorneys reached a settlement with Travelers in the amount of $935,000. The clients were very pleased with this outcome.
$935,000 Settlement; attorney’s fees were $420,750 and expenses were $184,043.29.