Personal Injury Settlement Statistics
Automobile Injuries
According to the U.S. Department of Transportation, there was an average of over 2.8 million motor vehicle accidents per year. (Date supplied by U.S. Department of Health and Human Services, National Center for Health Statistics, and individual state accident reports).
Medical Malpractice
Harvard researchers found that 1% of a representative sample of patients treated in New York state hospitals in 1984 were injured, and one-quarter of those died because of medical negligence. Nationwide, that would have translated into 234,000 injuries and 80,000 deaths in 1988 from negligence in American hospitals. Most of this involves physicians. Based on historic medical malrpractice personal injury settlement statistics, there is no clear evidence that there has been significant improvement since then.
Structured Settlement Statistics
Not all personal injury cases are settled with Structured Settlements. In fact, its estimated that their are approximately $6 billion dollars worth of structured settlements annually. If you have been awarded a structured settlement for your personal injury case, you may wish to consider getting money for your structured settlement in a lump-sum, rather than recieving periodic payments. This may be to avoid the impacts of inflation on the value of the settlement, or because you have critical financial needs which require cash today. At Client First Settlement Funding, we can analyze your settlement, and give you the available options to choose what is in your best interest.