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May 12 2023

What is loss of consortium in an injury case?

Loss of consortium refers to a claim in a legal case that is made by a spouse or family member of an injured person. It is a type of additional damages sought for the loss of companionship, affection, support, and sexual relations resulting from the injury or harm caused to the injured person.

Typically, loss of consortium claims arise in personal injury cases, such as those involving severe accidents, medical malpractice, or wrongful death. The spouse or family member asserting the claim must demonstrate that as a result of the injury, their relationship with the injured person has been negatively affected, resulting in the loss of the benefits and enjoyment of the relationship.

To prove a loss of consortium claim, various factors are considered, including the nature and extent of the injury, the impact on the injured person’s ability to engage in normal activities, the duration and prognosis of the injury, and the impact on the relationship between the injured person and their spouse or family member. Evidence such as medical records, testimony from medical experts, and statements from family members can be presented to support the claim.

If the claim is successful, the court may award additional monetary damages for loss of consortium, which can include compensation for the loss of love, companionship, affection, guidance, and support. The specific amount awarded varies depending on the circumstances of the case, the jurisdiction, and the discretion of the court.

It’s important to note that laws regarding loss of consortium can vary between jurisdictions, so it is advisable to consult with a qualified attorney who specializes in personal injury law in your specific jurisdiction for accurate and up-to-date information.

Written by settlementcalc · Categorized: Uncategorized

May 08 2023

What is the “Per Diem” method of calculating case value?

The per diem method is another way to calculate the value of non-economic damages in a personal injury settlement (Try the Per Diem Calculator). Non-economic damages refer to compensation for things like pain and suffering, emotional distress, and loss of enjoyment of life.

The per diem method involves assigning a daily value, known as the “per diem rate,” to the victim’s pain and suffering or other non-economic damages, and then multiplying that rate by the number of days the victim has suffered or is expected to suffer those damages. The resulting figure is added to the economic damages to arrive at a total settlement value.

For example, let’s say a victim has suffered a serious injury and is expected to experience significant pain and suffering for the next year, which is 365 days. If the per diem rate assigned to their pain and suffering is $100, the total settlement value for non-economic damages would be calculated as $100 x 365 = $36,500. This amount would then be added to the victim’s economic damages to arrive at a total settlement value.

Like the multiplier method, the per diem method is just one way to calculate the value of non-economic damages, and it is not always used in every case. The per diem rate can vary depending on the specific circumstances of the case, and other factors such as the strength of the evidence and the defendant’s ability to pay may also come into play when determining the settlement value. Ultimately, the settlement value is negotiated between the parties or determined by a judge or jury if the case goes to trial.

Written by settlementcalc · Categorized: Uncategorized

May 08 2023

What is the “multiplier method” of calculating case value?

The multiplier method is one way to calculate the value of non-economic damages in a personal injury settlement. Non-economic damages refer to compensation for things like pain and suffering, emotional distress, and loss of enjoyment of life.

The multiplier method involves multiplying the victim’s economic damages (such as medical bills and lost wages) by a certain number, known as the “multiplier,” which is typically between 1.5 and 5, depending on the severity of the injuries and other factors. The resulting figure is then added to the economic damages to arrive at a total settlement value.

For example, let’s say a victim’s economic damages (medical bills, lost wages, etc.) add up to $50,000. If the multiplier used is 3, the total settlement value would be calculated as $50,000 x 3 = $150,000, which would be added to the economic damages for a total settlement value of $200,000.

It’s important to note that the multiplier method is just one way to calculate the value of non-economic damages, and it is not always used in every case. Additionally, the multiplier used can vary depending on the specific circumstances of the case, and other factors such as the strength of the evidence and the defendant’s ability to pay may also come into play when determining the settlement value. Ultimately, the settlement value is negotiated between the parties or determined by a judge or jury if the case goes to trial.

Written by settlementcalc · Categorized: Uncategorized

May 08 2023

How Are Personal Injury Cases Valued?

In the United States (OH), personal injury cases are typically valued based on a variety of factors. These factors can include the severity of the injuries sustained, the extent of the medical treatment needed, the duration of the recovery period, the impact of the injuries on the victim’s daily life and ability to work, and the degree of fault or liability on the part of the defendant.

In general, personal injury cases are valued based on the concept of “damages,” which refers to the compensation that the victim is entitled to receive as a result of the harm they have suffered. There are several types of damages that may be awarded in a personal injury case, including:

Economic damages: These are damages that compensate the victim for financial losses they have suffered as a result of the injury, such as medical bills, lost wages, and property damage.

Non-economic damages: These are damages that compensate the victim for non-financial losses, such as pain and suffering, emotional distress, and loss of enjoyment of life.

Punitive damages: These are damages that are meant to punish the defendant for particularly egregious behavior and deter others from engaging in similar conduct in the future.

To determine the value of a personal injury case, attorneys and insurance adjusters will typically consider the extent of the damages suffered by the victim, the strength of the evidence supporting the victim’s claims, and the likelihood of success if the case were to go to trial. Ultimately, the value of a personal injury case will be negotiated between the parties involved, or determined by a judge or jury if the case goes to trial.

Written by settlementcalc · Categorized: Uncategorized

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Blog

  • What is loss of consortium in an injury case?
  • What is the “Per Diem” method of calculating case value?
  • What is the “multiplier method” of calculating case value?
  • How Are Personal Injury Cases Valued?
  • Settlement Calculator – Multiplier Method

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