KW Economics prepares life care plan costing for product liability cases venued in Florida: what the loss claim consists of, the records that drive it, and a present value built to Florida damages rules and venues. Plaintiff and defense.
Product liability injuries such as burns, amputations, and neurological injuries produce life care plans with long horizons and heavy recurring items, and the injured person is often a child whose plan runs for a full life expectancy. The economist carries each item forward with category-specific medical cost growth, schedules replacements at the plan's intervals, and discounts the stream over the life expectancy the medical evidence supports. In a mass tort setting the same growth, discount, and life expectancy conventions are applied across the claimants' plans so the valuations are consistent in method and each traces to its own plan.
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.
The exposure tracks the injury: burns, amputations, and neurological injuries produce large future earnings and care losses; less severe injuries produce a bounded past loss and limited future treatment. Because product cases often involve children, homemakers, and retirees, the household services and care components frequently outweigh the earnings loss, and the analysis must be built from those components rather than from wage records that do not exist. For fatal injuries the exposure follows the wrongful death structure with the personal consumption deduction as the key assumption.
Florida courts apply a reliability inquiry to expert testimony: the judge asks whether the economist is qualified, whether the opinion rests on sufficient facts and on reliable principles and methods, and whether those methods were applied reliably to the facts of the case. A damages report is written to that standard, with each rate and table traced to a published source.
Highest court: Florida Supreme Court. Court system: flcourts.gov.
Federal venues: Northern District of Florida, Middle District of Florida, Southern District of Florida.
Outside the civil courts, wage-loss disputes in workers' compensation matters proceed before the Florida Division of Workers' Compensation.
Florida's Wrongful Death Act gives each survivor a claim for lost support and services and gives the estate a claim for the decedent's lost net accumulations, an expressly economic concept that the economist projects from the decedent's earnings, consumption, and savings pattern. Awards are reduced by collateral-source payments unless the source holds a subrogation right, recovery is barred in most negligence actions once the plaintiff is found more at fault than the defendants, and prejudgment interest is generally not awarded on personal injury or wrongful death damages.
We issue the final report and provide deposition and trial testimony, rebuttal of opposing present value opinions, and revaluation when the plan is updated.
The same four steps apply to a product liability case venued in Florida; the damages framework above decides which components enter the total. Establish the but-for path from the earnings history or, for a child, student, or homemaker, from the educational path, occupational data, or the household work performed. Draw the post-injury path from actual earnings and the work-capacity opinions, and project both paths over the applicable worklife or life expectancy with growth. Value household services from time-use data and local rates, and price future care from the life care plan with category-specific cost growth. Discount every stream to present value at a stated rate and, where there are multiple claimants, apply one documented methodology to each record.
Florida courts apply a reliability inquiry to expert testimony: the judge asks whether the economist is qualified, whether the opinion rests on sufficient facts and on reliable principles and methods, and whether those methods were applied reliably to the facts of the case. A damages report is written to that standard, with each rate and table traced to a published source. Product Liability cases venued in Florida are heard in the Circuit Court (General jurisdiction; larger civil cases, felonies, family law, probate), with final appeals to the Florida Supreme Court. Matters within federal jurisdiction proceed in the Northern District of Florida, Middle District of Florida, and Southern District of Florida.
Florida's Wrongful Death Act gives each survivor a claim for lost support and services and gives the estate a claim for the decedent's lost net accumulations, an expressly economic concept that the economist projects from the decedent's earnings, consumption, and savings pattern. Awards are reduced by collateral-source payments unless the source holds a subrogation right, recovery is barred in most negligence actions once the plaintiff is found more at fault than the defendants, and prejudgment interest is generally not awarded on personal injury or wrongful death damages. 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 Florida rules to a documented figure.
Request a consultation on Life Care Plan Costing or call (201) 343-0700. Plaintiff and defense counsel.