Accidents involving commercial trucks are among the most serious and deadly accidents on the roads. The average tractor-trailer today weighs in at about 80,000 pounds. When a vehicle of this size collides with a much smaller passenger vehicle weighing between 3,000 and 4,000 pounds, the results can be catastrophic. Truck accident victims may incur considerable losses due to their injuries stemming from the crash. Potential truck accident injuries include medical expenses, lost wages, permanent disability, pain and suffering, and more. For families that lose their loved ones in a truck accident, financial and emotional losses can be immeasurable. At Greenberg, Stone & Urbano, our Miami truck accident attorneys understand the tremendous losses truck accident victims may suffer. Receiving full compensation for these losses is of critical importance.
High Profile Truck Accidents
A review of recent truck accident verdicts and settlements indicates that the number of large awards has gone up drastically in recent years. The Department of Transportation reports that fewer people were killed in truck accidents in the past decade, but this figure has increased in the past year. As the number of truck accidents seems to be rising, so does the value of settlements and verdicts, in part due to several high profile truck accident cases.
The case of Tracy Morgan, et al. v Wal-Mart Stores, Inc. captured the nation’s attention. In the case, comedian Tracy Morgan and several others filed suit against Wal-Mart after they were seriously injured by a Wal-Mart truck driver. Evidence revealed that the horrific crash, which also killed one individual, stemmed from the truck driver’s fatigue. The Wal-Mart driver had not slept in more than 24 hours prior to the accident. Wal-Mart and Morgan reached a settlement for an undisclosed amount, while the family members of the man killed settled for $10 million.
Since 2011, there have been several truck accident cases in which the settlement or verdict resulted in $20 million or more. For instance, in a 2011 case, a Texas jury awarded $281 million to the family of a man killed when the truck’s drive shaft came off and came through the truck’s windshield. The award was later reduced to $105 million and the case subsequently settled for an undisclosed figure.
High Insurance Premiums
As truck accident settlements and verdicts have increased, so have insurance premiums. Many trucking companies are having trouble finding coverage for their fleets. Under federal law, trucking companies must insure drivers up to $750,000 per accident, but recognizing the potential damages associated with a serious crash, many are seeking higher policy limits.
Contact the Miami Truck Accident Attorneys at Greenberg, Stone & Urbano Today to Schedule Your Free Consultation!
The rise in large truck accident verdicts and settlements is good news for truck accident victims. Truck accidents often inflict considerable injuries that may cost you and your family significantly in the long run. It is imperative that you receive the compensation you deserve following any serious car accident. If you have been injured in a truck accident, contact the Miami Truck Accident Lawyers at Greenberg, Stone & Urbano as soon as possible. Our compassionate truck accident attorneys will fight to see that you receive the compensation you deserve from the negligent truck driver that caused your injuries. At Greenberg, Stone & Urbano, we bring over 130 years of combined professional experience to your case. We have received an AV rating from Martindale-Hubbell and have been named a Top South Florida Law Firm by the Miami Herald. Call us today at (888) 499-9700 or (305) 595-2400 to schedule your free consultation or you can contact us online.