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Dollars and Cents: How Economic Damages Are Calculated in Injury Cases
Manage episode 479126483 series 3552491
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Episode Summary:
In this informative episode, personal injury attorney Colin Bober discusses how damages are calculated in injury cases, breaking down the differences between economic and non-economic damages. He explains common misconceptions about claim values, insurance company tactics, and the importance of proper documentation in personal injury cases.
Key Timestamps:
00:00 - Introduction
00:41 - Common misconceptions about claim values
01:54 - Non-economic damages explained (pain and suffering, mental anguish)
03:54 - Calculation of economic damages
05:11 - Lost wages and future earnings calculation
07:00 - Discussion on punitive damages
08:04 - Insurance company tactics and counter-strategies
13:40 - Why early settlement offers should be carefully considered
14:27 - How attorneys evaluate case worth
About the Show:
"Secrets of Personal Injury Law with Colin Bober" features Colin Bober, a personal injury attorney who has represented over 4,000 clients with gross settlement recoveries exceeding $50 million. Hosted by Kevin Rosenquist, the show provides valuable insights into personal injury law and helps listeners understand their rights and the legal process.
103 episodes
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