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Is there some kind of formula for car accident settlements?

Is there some kind of formula for car accident settlements? Topic: Tort case settlements
June 25, 2019 / By Monna
Question: I was recently in an accident, the totally at fault insurance company is completely lowballing me. Well, my attorney anyway. I have heard of some formula, the amount of the medical bills times three is generally the amount paid for pain and suffering. Is this true? OR some urban legend? The accident in question, I was at a complete stop at a fixed crosswalk on a very busy street awaiting the pedestrian to cross when I was rear ended at approx. 40 mph. Neddless to say, if the guy didn't see me stopped, chances are the pedestrian could have been killed.
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Best Answers: Is there some kind of formula for car accident settlements?

Lisa Lisa | 3 days ago
The pricing protocols have changed over the years. Years ago cases were formula priced. However, the insurance companies no longer have such practices. There evaluations are based on the nature and extent of your injury, disability, treatment and permanency, if any. Age, pre-disposition, and prior injuries are all factored in. A person could sustain a soft tissue injury, and treat with a chiro, PT, acupuncturist, get some diagnostic testing and incur over $20k in meds(easily done in NY). If you formula price with three as the multiplier, then the settlement should be about $60k(assuming the party was in fact tort eligible). However, if the same person fractured his arm an only incurred about $5k in medicals, with formula pricing the settlement would only be $15k. Obviously, the fracture should be worth more. Some insurers may multiply the weeks of total disability by $400-$1000(depending on the venue), and the weeks of partial disability by $200-$500. You do not say where this loss occurred. Case value varies from state to state. Also, the offer your received could be a "cost to defend" or "nuisance offer". You may not even be tort eligible and the adjuster wants to resolve the claim without recourse to litigation. You should be discussing your options with your attorney. I am sure he knows what your claim is worth, and will negotiate accordingly.
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We found more questions related to the topic: Tort case settlements


Lisa Originally Answered: Question for formula feeding mothers: When taking your baby somewhere, how do you go about preparing formula?
had a formula stacker container (kind of like this one but mine had more stacks http://www.ecochild.com.au/eco-products/eating-and-drinking/lunch-boxes-and-food-containers/ecosystem-formula-stacker) and carried the water in a thermos, and had a bottle warmer as well for in case it was too cold by the time it was needed, and took one bottle that was made up and kept in an insulated bottle carrier because usually one would be needed pretty quickly. For the formula stackers you just measure out how much you use to make up a bottle and take it with you and pour it in when you're making it. If the bottle warmer couldn't be used, I asked for a cup with some boiling/hot water in it and used that to heat up the bottle after it was made up.
Lisa Originally Answered: Question for formula feeding mothers: When taking your baby somewhere, how do you go about preparing formula?
Make the formula in advance and put the cap and lid on the bottle and store it in a cool place and heat it up in warm water when you need to use it, I believe you don't leave it out for more than 6 hours
Lisa Originally Answered: Question for formula feeding mothers: When taking your baby somewhere, how do you go about preparing formula?
When i bottle fed my daughter (5years ago) i carried bottles of water and the pre-packaged single serving formulas. it was quick and easy and always fresh for my baby.

Kara Kara
lol its an urban legend ---i was involved in a car accident that the medical bills ran up to 12 and a half million dollars and the insurance company tried to settle for 6 thousand ...my lawyer held out until he saw the wasnt gonna give me than 12 thousand . so thats what i got a little bitty 12 thousand, theres really no formula...just luck
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Kara Originally Answered: My teacher gave me the formula Q=mCT to find the specific heat but IDK what numbers go where in the formula?
The first problem has its own problem in that all your given points are for the temps and not for Q or m, therefore, you are trying to find for two answers in one formula and I can't see how you can get there. Q =mCT Q = is what you want (Unknown) m = mass of water (Also Unknown unless you use the 100 g used in problem 2) C = specific heat of water (1 Cal/gC) lets say 20 T = change in temp of water (8 degrees because 28 - 20 degrees change is 8) So Q =? 100 x 20 x 8 = 16,000 but I am doubting this is really Q because m = 100 is a total guess. Q =mCT Q = (from previous step) 16,000 (?) m = mass of metal 100 g C = specific heat of metal - what you want to solve for T = change in temp for metal 16,000 = 100 x C x 8 16,000 = 800C 16,000 / 800 = C 20 = C

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