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Loss of use is the inability, due to a tort or other injury to use a body part, animal, equipment, premises, or other property.Law.com defines it as "the inability to use an automobile, premises or some equipment due to damage to the vehicle, premises or articles caused by the negligence or other wrongdoing of another."
Illustration of the partial payout of Sum Insured against probability of occurrence. Condition of average (also called underinsurance [1] in the U.S., or principle of average, [2] subject to average, [3] or pro rata condition of average [4] in Commonwealth countries) is the insurance term used when calculating a payout against a claim where the policy undervalues the sum insured.
The typical structured settlement arises and is structured as follows: An injured party (the claimant) comes to a negotiated settlement of a tort suit with the defendant (or its insurance carrier) pursuant to a settlement agreement that provides as consideration, in exchange for the claimant's securing the dismissal of the lawsuit, an agreement by the defendant (or, more commonly, its insurer ...
The incidence of catastrophic injury is four times higher in college than in high school in the United States. [10] Sport accounts for between 5% and 10% of all cervical spine and spinal cord injuries in the United States, and 15% in Australia. [11] The incidence of catastrophic injury for all sports is low, less than 0.5 per 100,000 ...
(iv) The place of informed discretion in compensating claimants under the formula of keeping the domain of compensation (p47 of Feinberg's book) under the rule of thumb that 85% of the money should not go to 15% of the 'richest' claimant families, under the principle of "narrow the gap" between the largest and the smallest compensations paid to ...
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The Health Resources and Services Administration reported in July 2022 that "approximately 60 percent of all compensation awarded by the VICP comes as result of a negotiated settlement between the parties in which HHS has not concluded, based upon review of the evidence, that the alleged vaccine(s) caused the alleged injury". [2]
The U.S. Postal Service (USPS) will raise shipping prices in early 2025 while keeping the cost of first-class stamps unchanged. The proposed price hikes, which would take effect Jan. 19, include a ...
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