How is a settlement determined in a catastrophic injury case?

In New Mexico, a settlement in a catastrophic injury case is determined by a number of factors. The most important factor is the amount of medical bills resulting from the injury. These include hospital stays, treatment, surgeries, and rehabilitation. Other factors include pain and suffering, emotional distress, loss of wages due to the injury, and future earnings. The amount of a settlement will depend on how severe the injury is and how it will affect the victim in the future. A serious injury is often more likely to result in a higher settlement than a less severe injury. Insurance companies will often assess the value of a claim to determine the amount of their financial exposure. In addition to the medical bills, other economic factors will also be taken into account. These include any lost wages due to the injury, future earnings, and the cost of long-term medical care. Pain and suffering as well as emotional distress can also be taken into account. The amount of a settlement is ultimately determined by the insurance company. They will use all the available information to come to an agreement with the victim and will offer a settlement that is fair and reasonable. If an agreement cannot be reached between both parties, the issue may be taken to court where a judge will make the final decision.

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How is a settlement determined in a catastrophic injury case?

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