Abstract
This new reference work addresses the loss measurement issues confronted in catastrophic injury cases. The measurement of loss in such cases is an interdisciplinary effort involving the participation of many specialists including economists, rehabilitation counselors and therapists, health care providers, life care planners, attorneys, and others, including the patient and his or her family. This book is designed for all parties involved in catastrophic injury cases. Areas covered include the interdisciplinary nature of measuring loss, the role of the forensic economist in determining loss, working with life care planners and rehabilitation and vocational experts, impact of a reduced life expectancy, types of settlements including annuities, structured settlements and periodic payment judgments, and suggestions for building an expert damages team when working on this type of case. In this book, you’ll find the information necessary to assess and derive a fair and accurate measurement that will, as fairly as possible, compensate the injured party and/or his or her family for his or her actual losses.Interdisciplinary nature of measuring loss The role of the forensic economist The roles of vocational and rehabilitation experts Overview of life care planning What is needed from life care planning experts Impact of reduced life expectancy Annuity contracts Structured Settlements Periodic payment judgments Building an expert damages team