What is it about?
This article examines the development of structured settlements (periodic payment awards of damages for personal injury) in Britain against the longer Canadian experience of such damages. The comparison is particularly important given that many of the problems encountered in the UK have also been faced in Canada, where solutions have been found to some of the difficulties that can be caused.
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Perspectives
With the assistance of the Canadian Department of External affairs the author was able to spend time in Canada reviewing the literature, interviewing academics, lawyers, insurers and, in particular, the brokers involved. The brokers interviewed arrange approximately 85 per cent of the structures in Canada. The author had previously received similar assistance from those involved in the British market, and a book on the domestic scene was later published. See Structured Settlements: The Law and Practice (1993) published by Sweet & Maxwell Ltd.
Professor Richard Lewis
Cardiff University
Read the Original
This page is a summary of: Structured Settlements of Damages Awards in Britain and Canada, SSRN Electronic Journal, January 2014, Elsevier,
DOI: 10.2139/ssrn.2411938.
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