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Courses/Law/Personal Injury Law

Strategies for Developing Economic Damages

Master key strategies for calculating lost wages, fringe benefits, life care costs, and economic damages in personal injury and wrongful death litigation.

Created byNYS Academy of Trial Lawyers
BeginnerUpdated Mar 29, 2025
Strategies for Developing Economic Damages

What You'll Learn

check_circleCalculate lost wages and future earnings in personal injury and wrongful death cases.
check_circleAssess the impact of fringe benefits and pension losses on economic damages.
check_circleDevelop life care cost estimates and understand the inflationary impact on medical expenses.
check_circleApply NY CPLR Sections 5031 & 5041 in structuring damage awards for plaintiffs.

About This Course

Our expert panel will guide you on the best ways to present your economic damages, explain how to effectively use mortality and “life expectancy” data, and help you understand the significance of Articles 50-A and 50-B.

Topics List:

  • Lost Earnings & Wage Calculations for Injured Plaintiffs
  • Fringe Benefits: Health Insurance, Pensions, and Equity Compensation
  • Determining Household Services Losses in Economic Damages
  • Evaluating Life Care Costs & Future Medical Expenses
  • Life Expectancy & Survival Probability in Economic Valuations
  • Inflation & Discount Rates: Adjusting for Future Economic Losses
  • Defeating Defense Strategies on Shortened Life Expectancy Claims
  • Understanding NY CPLR Sections 5031 & 5041 in Damage Awards
  • Structured Settlements vs. Lump Sum Awards: Strategic Considerations
  • Working with Economic Experts in Personal Injury Litigation

Your Instructors

NYS Academy of Trial Lawyers
NYS Academy of Trial Lawyers
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The NYS Academy of Trial Lawyers is the largest statewide trial bar in the US with 5,700+ lawyer and judge members. We are committed to protecting, preserving and enhancing the civil justice system. Our highly acclaimed CLE programming features extraordinary presenters covering the most timely and important topics.

Kris  Kucsma, M.A.
Kris Kucsma, M.A.

Principal of the Firm and Chief Economist at Sobel Tinari Economics Group

Kristin Kucsma, M.A., is a Principal of SobelCo. and Chief Economist of the Sobel Tinari Economics Group. Ms. Kucsma oversees the group’s award-winning economists and experienced analysts. Ms. Kucsma joined the Tinari Economics Group in January 2008 and, since then, has worked extensively on cases involving personal injury, wrongful death, employment law, wrongful incarceration, mass torts, punitive damages, and lost profits. Her ability to clearly explain complicated economic analysis makes Ms. Kucsma an effective expert witness. She works regularly with both plaintiff and defense attorneys and lectures frequently on valuing economic damages. Ms. Kucsma has testified in over 850 depositions, trials, mediations, and arbitrations, and has offered economic expert testimony in various state and federal district courts throughout the country. Prior to joining the Sobel Tinari Economics Group, Ms. Kucsma spent over 13 years teaching economics at the undergraduate and graduate level at Saint Peter’s College, Rutgers, Seton Hall, and Drew Universities. Her areas of expertise include American Economic History, Applied Micro Economic Theory, banking and financial markets, and corporate finance. Ms. Kucsma is an active member of the National Association of Forensic Economics and the Eastern Economics Association, a member of the American Economics Association, and a former member of the District Ethics Committee, Office of Attorney Ethics of the Supreme Court of New Jersey. She earned a B.A., summa cum laude, in Economics from Seton Hall University, an M.A. from Rutgers University, and is currently ABD at Rutgers University.

Michael  Kessler, Esq.
Michael Kessler, Esq.

Of counsel at E. Stewart Jones, Hacker, Murphy, LLP

Mike Kessler is of counsel to the Albany and Troy, New York law firm of E. Stewart Jones, Hacker, Murphy, LLP. Mr. Kessler was a member of the Law Review and graduated from Albany Law School. He is one of only five attorneys in New York State and approximately 150 in the United States who is Board Certified in Medical Malpractice Law by the prestigious American Board of Professional Liability Attorneys. For many years Mr. Kessler has been selected for inclusion in The Best Lawyers in America® and New York Super Lawyers, including in 2018 Upstate New York Personal Injury Lawyer of the Year. He has also been listed as one of the “Top 100 Trial Lawyers in America” by the National Trial Lawyers Association. Mr. Kessler, who limits his practice to representing individuals who have suffered catastrophic injuries, has recovered in excess of $2 million in more than 30 cases, 19 in which the recovery was over $5 million, in 12 of which the amount was greater than $8.5 million, and five where his clients received more than $14 million. In Auer v. State of New York, Mr. Kessler won a $19.1 million verdict which The New York Law Journal stated was “at least $7 million” larger than any verdict ever rendered in the Court of Claims. On appeal, not only did the Appellate Division uphold the verdict, but it increased that judgment to $19.85 million. Auer was by far the largest personal injury judgment ever upheld by the Third Judicial Department, one of the largest ever upheld in New York, and one of the very few cases of this magnitude where a Court increased the amount of damages on appeal.

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We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.

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