Increasing the Value of Wrongful Death Cases
Caps on non-economic damages make it impossible to receive true fair value in wrongful death claims in Maryland (and in most states). Accordingly, personal injury lawyers need to turn over every possible stone to maximize the economic damages in wrongful death cases. Often overlooked, even by the best wrongful death lawyers - at least until they get the case to an economist - is the decedent's employer funded benefits. The problem is, in many wrongful death cases an economist is not used either because the plaintiffs' lawyer thinks he does not need one, or because the case reaches a settlement long before an economist is engaged. As a result, employee funded benefits are not always included in the calculus. Fifteen years ago, if you left out these benefits, the overall value of your case suffered a little. In 2012, with health insurance and other employee benefits skyrocketing, if you don't include these in your damages in a wrongful death case, you are leaving as much as 25% of the value of the claim on the table.
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This post was supposed to be about Medicare set-asides but I started with such a long intro about the psychology of claims adjusters that I'll just hit the Medicare issue in a later post. (Or I'll completely forget about it.)
