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!
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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