April 2009 Archives

April 22, 2009

Caps on Damages Losing Steam

Over the last several years the Federal Government and many State Legislatures have passed laws to limit the amount of damages individuals could recover in cases where serious injuries or death occurred due to the fault of others.Unfortunately, Georgia has been one of those states.  The most common "Cap" on damages has been in medical malpractice cases, but the strategy to limit legitimate recoveries has not been directed just to the negligence of doctors or hospitals. 

When an individual is wrongfully injured or a loved one is killed and substantial damages should be recovered under law, these measures to deprive the average person of their rights have been terribly unfair and unconstitutional.  The tactics to have these damage caps passed throughout the country have been promoted by the insurance industry, big business and others to put their interests ahead of the folks.

We are finally beginning to see a trend back to sanity, where these damage caps are being declared unconstitutional, overturned and rights of individuals restored.  Most recent examples are from the State of Tennessee where an effort to cap nursing home damage claims failed; and in Nevada where a cap on damages has been removed by the state legislature.

Here in Georgia, the Supreme Court is expected to rule in the near future on whether the cap of $350,000.00 for pain and suffering in a medical malpractice case is unconstitutional. At our Atlanta, Georgia personal injury law firm we have many cases that merit a recovery far in excess of the damage caps. We have actively been involved in the fight to overturn the limit on damages and are hopeful that this unjust law will soon be repealed.  

 

Knoxville News Sentinal

Las Vegas Sun

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April 16, 2009

Structured Settlements in Georgia: Personal Injury Cases in a Difficult Economy

Many of you have seen the television commercials asking, "do you have a structured settlement of an injury case paying money over time, but you need cash now?"  These companies want to buy the structured settlement at an unfair, substantial discount so the COMPANY will then own the valuable annuity that pays much more over time. 

Our Atlanta, Georgia personal injury law firm settles many serious cases using the benefits of a structured settlement.  These are made up of special annuities that will pay significantly more over time than would a lump sum amount received at the time of settlement. They are carefully drafted to comply with Georgia and federal law to protect our client's interests.These structed settlements can make sure that enough money is available to take care of longterm needs.

Numerous studies now are confirming that in this tough economy structured settlements are even more valuable than ever. They provide safety, reliability, fexibility and security.And they pay more to the client over time than the actual dollar amount of the settlement.A structured settlement is not right for every case. We discuss all issues of settlement with our clients to make sure that the settlement is right for their particular situation.

Sources: Amanda Bronstad / The National Law Journal - March 25, 2009

              American Insurance Association / Press Release - March 19, 2009

 

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