Industrial Accidents And Their Compensation
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Their suits were disposed of at an average cost of $489. 83 each. During the second half of the decade, 14, 449 cases cost an average of $420. 11 each. * While it is impossible to determine from these figures what sum, after paying attorneys' fees and other expenses, actually reached accident victims, it is evident that the voluntary com- pensations paid by insurance companies are mere pittances, and that payments enforced by lawsuits average less than five hundred dollars.
It might be expected... that the transfer of liability obligations from employers to large and powerful insurance corporations would tend to lessen the delay incident to the settle- ment of suits. But this does not prove to be the case. As reported in the " Insurance Year Book" for 1909, insurance companies doing business in the United States had 12, 502 suits outstanding on December 31, 1908. Of these suits, 1927, or 15. 4 per cent, were for injuries less than one year old; 4264, or 34. 1 per cent, * Inasmuch as these figures form a part of the total upon which averages are based in the preceding paragraph, it is e\'ident that average compensations to the 98 per cent who did not bring suit were much smaller than there indicated.
What to read after Industrial Accidents And Their Compensation?
You can find similar books in the "Read Also" column, or choose other free books by Gilbert Lewis Campbell to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Their suits were disposed of at an average cost of $489. 83 each. During the second half of the decade, 14, 449 cases cost an average of $420. 11 each. * While it is impossible to determine from these figures what sum, after paying attorneys' fees and other expenses, actually reached accident victims, it is evident that the voluntary com- pensations paid by insurance companies are mere pittances, and that payments enforced by lawsuits average less than five hundred dollars.
It might be expected... that the transfer of liability obligations from employers to large and powerful insurance corporations would tend to lessen the delay incident to the settle- ment of suits. But this does not prove to be the case. As reported in the " Insurance Year Book" for 1909, insurance companies doing business in the United States had 12, 502 suits outstanding on December 31, 1908. Of these suits, 1927, or 15. 4 per cent, were for injuries less than one year old; 4264, or 34. 1 per cent, * Inasmuch as these figures form a part of the total upon which averages are based in the preceding paragraph, it is e\'ident that average compensations to the 98 per cent who did not bring suit were much smaller than there indicated.
What to read after Industrial Accidents And Their Compensation?
You can find similar books in the "Read Also" column, or choose other free books by Gilbert Lewis Campbell to read onlineMoreLess
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