Insurance 101 – Chapter 10 – Volume 12 – Retaining a Subrogation Attorney – 2

 Retaining a Subrogation Attorney – 2

The contingency fee, with an insurer that can afford to pay hourly rates, is unfair to both the insurer and attorney. For the insurer, the contingency fee is usually unprofitable. For the attorney, it is a no-win situation, since the insurer asks that the bad cases be taken on a contingency and the good cases be taken on an hourly basis. The insurer should have an agreement with the attorney to do all of its subrogation work on either a contingency or an hourly basis.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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The author and publisher disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this blog. The information provided is not a substitute for the advice of a competent insurance, legal, or other professional. The Information provided at this site should not be relied on as legal advice. Legal advice cannot be given without full consideration of all relevant information relating to an individual situation.

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