KW Economics prepares life care plan costing for motor vehicle accident cases venued in Alaska: what the loss claim consists of, the records that drive it, and a present value built to Alaska damages rules and venues. Plaintiff and defense.
After a catastrophic crash the present value of the life care plan can exceed the earnings loss, and the attendant care, equipment, and future surgery items in the plan drive the total. The economist reduces the plan to present value with category-specific medical cost growth over the life expectancy the medical evidence supports, presents the total under alternative care scenarios where the plan offers them, and states every assumption so the valuation can be examined item by item. Because policy limits often frame the practical range, the report shows the plan's present value by category so counsel can evaluate settlement against the components that carry the most weight.
Reduction of a life care plan's line items to a single present value. The plan's items, frequencies, durations, and unit costs are carried forward with medical cost growth appropriate to each category, then discounted over the applicable life expectancy. Plan authorship stays with the life care planner; our role is the economic translation of the plan into a damages figure that reconciles with the plan and can be examined item by item.
In moderate injury the exposure is concentrated in the period out of work and any future surgery or treatment, and the numbers can usually be built directly from the records. Once an injury prevents a return to the prior occupation, the future earnings gap across the remaining worklife becomes the dominant figure, and in catastrophic injury the present value of attendant care and equipment in the life care plan can exceed the earnings loss. Policy limits often frame the practical range, so counsel commonly ask for a report that presents each component separately for settlement evaluation and for trial.
Alaska's trial judges act as gatekeepers for expert testimony and ask whether the economist is qualified by training and experience, whether the method is one the profession has tested and accepted, and whether it was applied reliably to the facts of the case. A damages report meets that inquiry by naming the published source behind every rate and table and tying each assumption to the record.
Highest court: Alaska Supreme Court. Court system: courts.alaska.gov.
Federal venues: District of Alaska.
Outside the civil courts, wage-loss disputes in workers' compensation matters proceed before the Alaska Workers' Compensation Board.
Alaska pairs a wrongful death action, measured by the loss to the surviving spouse, children, or dependents, with a survival action for the decedent's own claims, and when no dependents survive the recovery runs to the estate on a different measure. Collateral-source payments reduce the award after verdict except where the source holds a subrogation right, and prejudgment interest runs on tort awards from a defined accrual point, so the interval between injury and judgment is part of the economic picture.
We issue the final report and provide deposition and trial testimony, rebuttal of opposing present value opinions, and revaluation when the plan is updated.
After a catastrophic crash the present value of the life care plan can exceed the earnings loss, and the attendant care, equipment, and future surgery items in the plan drive the total. The economist reduces the plan to present value with category-specific medical cost growth over the life expectancy the medical evidence supports, presents the total under alternative care scenarios where the plan offers them, and states every assumption so the valuation can be examined item by item. Because policy limits often frame the practical range, the report shows the plan's present value by category so counsel can evaluate settlement against the components that carry the most weight.
Alaska's trial judges act as gatekeepers for expert testimony and ask whether the economist is qualified by training and experience, whether the method is one the profession has tested and accepted, and whether it was applied reliably to the facts of the case. A damages report meets that inquiry by naming the published source behind every rate and table and tying each assumption to the record. Motor Vehicle Accident cases venued in Alaska are heard in the Superior Court (General jurisdiction trial court; handles all civil and criminal matters), with final appeals to the Alaska Supreme Court. Matters within federal jurisdiction proceed in the District of Alaska.
Alaska pairs a wrongful death action, measured by the loss to the surviving spouse, children, or dependents, with a survival action for the decedent's own claims, and when no dependents survive the recovery runs to the estate on a different measure. Collateral-source payments reduce the award after verdict except where the source holds a subrogation right, and prejudgment interest runs on tort awards from a defined accrual point, so the interval between injury and judgment is part of the economic picture. The report presents past and future amounts separately, states every rate and table with its source, and shows the result under the alternatives the other side is likely to argue, so counsel can apply the Alaska rules to a documented figure.
Request a consultation on Life Care Plan Costing or call (201) 343-0700. Plaintiff and defense counsel.