Save the Date 2018 FAZ Insurance Forum Tuesday, October 16, 2018 From 8AM to Noon Shaker Ridge Country Club The 2018 FAZ Insurance Forum will feature discussions on property/casualty insurance... read more →
In future years, earnings are forecast by the expert. This sets up several choices. Does the expert rely on past actual earnings of the individual and make a forecast or does... read more →
Negligence is a common legal theory used to determine a personal injury case. Typically, a court determines whether a plaintiff is due compensation for damages based on negligence. New York... read more →
When a company suffers an interruption, they may generate actual sales subsequent to the event and those actual sales will usually be less than the projected But-For sales during the time... read more →
The most important element of a business interruption claim is determining lost sales. The lost sales calculation establishes the foundation for determining cost of sales and lost profits. Lost sales... read more →
Individual circumstance in the stream of lost earnings is another criterion for the expert to consider, especially if the lost earnings stream historically had risk elements. For example, if the... read more →
In a litigation context, a discount rate should be chosen that enables interest to offset future payments once the award is invested but not so high a bond rate as... read more →
Future economic damages are expressed as the present value of future lost earnings, sometimes referred to as discounted future losses. The key issue is that dollars today and dollars in... read more →
Damages can be addressed by answering a series of supporting questions: Base Earnings: What were earnings (or income) just before the event took place? (Note: “earnings” will be used below... read more →
If you have been injured in an automobile accident and are not able to work or are working in a reduced capacity, you may be eligible to receive lost wages... read more →