Dollars and Cents: How Economic Damages Are Calculated in Injury Cases

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.