It was a Jones Act claim. A then-18-year-old was working on a ship, had an accident, and was permanently disabled. Despite the injury, they survived into their 70’s.
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I assume they got an annuity?
We call them PPOs over here (Periodic Payment Orders) and the discount rate is regulated (Ogden rate).
that could cover lost wages (which have a fair amount of predictability) but medical expenses might be a little less predictable on a schedule. i’m just guessing. claim won’t close in full until…person dies.
Exactly.