Personal Injury News

Personal Injury Award Increased- Discount Rates Helping Claimants

Over $75,000.00 was added to this personal injury award on account of the Increased discount rates! (McLeod v. Goodman,2014 BCSC 1551), Future loss of earnings and costs of future care in ICBC injury claims now have to be increased to more accurately reflect the claimants real losses.
As a result of changes to the discount rates pursuant to s. 56(2) of theĀ Law and Equity Act, R.S.B.C. 1996, c. 253 on April 30, 2014, the judge increased the awards made for cost of future care and future loss of earning capacity in his reasons cited at 2014 BCSC 839.
Read our article about the changes:

Tags: cost of future care, Discount Rate BC, icbc case examples, ICBC Injury claim, loss of earning capacity, Pain and Suffering

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"Renn A. Holness is a gifted lawyer and author to over 1000 legal blog articles. Married father of two daughters, son of a neurosurgeon and founder of Holness Law Group."

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