Monday, September 14, 2009

Australia (NSW), ctd.

Lump sum awards found to be
problematic:

- Bass Study: 75% of claimants exhausted
award within 6 years

- 70% had continuing accident related medical
costs unpredicted at settlement date

- Neave & Howell Study: Only 32% named
investment as major use of award in 1st year

- 17% named a luxury item instead!

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