by John Darer® CLU ChFC MSSC CeFT® RSP CLTC
Low 10 year bond rates are increasing the amount of pain (and suffering) for plaintiffs
If that sounds a bit strange, consider that it has been more than half a decade since the 10 year bond has been less than the statutory growth rate for pain and suffering under New York CPLR Article 50B. As things stand, this means that every dollar of pain and suffering is worth more in present value in a structured judgment, than the jury verdict.
Do you have a New York CPLR Article 50B expert on your team at meditations, someone who talks the talk and walks the walk?
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