Page 292 - Motor Insurance Ebook IC 72

The Insurance Times

When Nance's method adopted the total deduction to
be made is a substantial one-even to the tune of 1/3rd.
That is why even when there is, say, a 25 years
remaining period of useful life-time of a deceased, the
said deductions give the same amount as 16 years
purchase factor.

Therefore, the simpler method in Davis' case (i.e. Lord
Wright's method) has now become standard to be
adopted in such cases where the annual loss is converted
into a lump sum figure by the commonly accepted
multiplier of 15. Even this multiplier may go the level of
16 in exceptional cases.

Any rate, it will be observed that under both methods, the
results are more or less the same. But Wright's method
is considered to be simpler and has become a standard
method. In assessing damages for fatal accident, the
provisions of the Fatal Accidents Act are relevant.

The law contemplates two sorts of damages; the one is
the pecuniary loss to the estate of the deceased resulting
from the accident; the other is the pecuniary loss sustained
by the members of this family through his death.

To summarize: fatal cases involve claims in respect
to the following:
a. Special damages up to the date of death.

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