A Jury Verdict Research study finds that the compensatory median award for personal injury trials in New York is $287,628, dwarfing the nationwide median is $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 this number is distorted by the lack of smaller and mid-sized car accident lawsuits. 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. Keep in mind the typical settlement or verdict tells you very little about the expected settlement compensation payout in your claim.