A catastrophic settlement is a financial reward granted to a catastrophic injury victim by the insurance company in exchange for not filing a lawsuit. Most insurance companies prefer to settle catastrophic injury cases out-of-court to limit their losses by avoiding heavy fines. Some cases are settled even before the victims file a lawsuit, while others are settled just before a trial begins.
Learn more about catastrophic injury cases, settlements, the compensation you could get, and why hiring a lawyer is essential.