According to a study on jury verdicts, the median compensatory damages award for personal injury trials in New York is $287,628. This median award dwarfs the nationwide median of $34,550.
Why Are New York Personal Injury Verdicts Are So High?
New York has favorable juries, particularly in its urban areas. But the reality is that the need for smaller and mid-sized car accident lawsuits distorts this number. Under New York’s no-fault law, an insurance company is required to pay drivers, passengers, and pedestrians up to $50,000.00 for their legitimate economic and medical losses but does not provide for pain and suffering.
Only permanent injury cases can recover more than $50,000. This leads to fewer lawsuits in smaller cases – of which there are many – which increases the overall award in New York. Remember that the typical settlement or verdict tells you very little about your claim’s expected settlement compensation payout.