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In this video, Lee Pearlman discusses the seven common tactics insurance companies use in personal injury claims. One major tactic is their attempt to settle quickly after an incident for a low amount, often significantly less than what is fair. Studies indicate that settling without legal representation can lead to settlements that are about 400% lower than those negotiated by an attorney. This rushed settlement often neglects critical factors like medical treatment costs, lost wages, and pain and suffering. Pearlman emphasizes the importance of understanding these tactics to ensure fair compensation in personal injury cases.