Settling Injury Claims Early Is Best Bet: Study

Law360, New York (June 20, 2008, 12:00 AM EDT) -- Nipping a problem in the bud is more than just conventional wisdom, as a recent analysis of thousands of personal injury lawsuits firmly backs early settlements as the best strategy for businesses faced with injury claims.

University of Virginia School of Law Professor Jeffrey O‘Connell and colleague Patricia Born, a professor at California State University – Northridge, have concluded that paying injured parties promptly for out-of-pocket medical expenses and lost wages is a vastly preferable strategy for businesses, saving employers hundreds of thousands of dollars as...
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