Traffic collision
occurs when a vehicle collides with another vehicle, pedestrian, animal, road debris, or other stationary obstruction, such as a tree, pole or building or drives off the road
Can a traffic collision make someone a millionaire?
Traffic collisions sometimes result in extremely expensive physical damage. Physical damage is compensated by insurance companies in the form of monetary payment. Million dollar verdicts are sometimes awarded for traffic collisions that result in major damage. 
What can kind of damage can traffic collisions cause? If #1 occurs, how would insurance companies react? Can #2 sometimes occur in a million dollar verdict?