Who is responsible for paying personal injury settlements?

In most cases, personal injury settlements are paid out by insurance companies. The parties primarily held responsible for these settlements are commonly auto and homeowners insurers. When a customer of a vehicle insurance company causes an accident resulting in injury, the insurance company is obligated to compensate the plaintiff for both economic and noneconomic damages. In an attempt to minimize the settlement, they often argue that the plaintiff played a role in causing the accident, such as by exceeding the speed limit.
Homeowners insurance policies offer protection to property owners in the event that someone sustains an injury on their premises due to the homeowner’s negligence. Similar to auto insurance providers, homeowners insurers frequently assign blame to the plaintiff, either in part or in its entirety, when it comes to the accident.