KW Economics prepares life care plan costing for product liability cases venued in Mississippi: what the loss claim consists of, the records that drive it, and a present value built to Mississippi 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.
Mississippi trial judges act as gatekeepers for expert testimony and ask whether the economist is qualified by training and experience, whether the method is reliable and accepted in the profession, and whether it was applied reliably to the facts of the case. An economic damages report is written to that inquiry, with each input traced to the record and each data series named.
Highest court: Mississippi Supreme Court. Court system: courts.ms.gov.
Federal venues: Northern District of Mississippi, Southern District of Mississippi.
Outside the civil courts, wage-loss disputes in workers' compensation matters proceed before the Mississippi Workers' Compensation Commission.
Mississippi's wrongful death statute gathers every claim arising from a death into one action: the present net cash value of the decedent's life expectancy, the decedent's pain and suffering, medical and funeral expenses, and the survivors' loss of society and companionship. Pure comparative fault reduces the award in proportion, the common-law collateral source rule applies, a statutory limit applies to noneconomic damages while economic damages are unlimited, and prejudgment interest on unliquidated tort damages is generally not awarded.
We issue the final report and provide deposition and trial testimony, rebuttal of opposing present value opinions, and revaluation when the plan is updated.
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.
Mississippi trial judges act as gatekeepers for expert testimony and ask whether the economist is qualified by training and experience, whether the method is reliable and accepted in the profession, and whether it was applied reliably to the facts of the case. An economic damages report is written to that inquiry, with each input traced to the record and each data series named. Product Liability cases venued in Mississippi are heard in the Circuit Court (General jurisdiction; civil cases above the justice court threshold, felonies) and the County Court (Exists in more populous counties; mid-sized civil cases), with final appeals to the Mississippi Supreme Court. Matters within federal jurisdiction proceed in the Northern District of Mississippi and Southern District of Mississippi.
Mississippi's wrongful death statute gathers every claim arising from a death into one action: the present net cash value of the decedent's life expectancy, the decedent's pain and suffering, medical and funeral expenses, and the survivors' loss of society and companionship. Pure comparative fault reduces the award in proportion, the common-law collateral source rule applies, a statutory limit applies to noneconomic damages while economic damages are unlimited, and prejudgment interest on unliquidated tort damages is generally not awarded. 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 Mississippi rules to a documented figure.
Request a consultation on Life Care Plan Costing or call (201) 343-0700. Plaintiff and defense counsel.