Crunching the Numbers: Reimbursement and Future Credit Calculations and the Impact on Settlements in NY/NJ

Both New York and New Jersey require that the carrier pay its equitable share of litigation costs in a third-party settlement. What is considered a “cost of litigation” in both States? What is the actual calculation for your maximum reimbursement and future offset rights? In this episode, "Crunching the Numbers: Reimbursement and Future Credit Calculations and the Impact on Settlements in NY/NJ," Christopher Major discusses the priority of your lien when the third-party action settles, the calculations required in New York and New Jersey, and when/whether to compromise any portion of your lien.

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