Ep 71: The Role Of Valuation and Appraisal In Personal Injury Cases (Part 1 with Dr. Craig Galbraith)

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Have you ever wondered how economic losses are calculated in personal injury cases? Today’s guest is well-versed in the subject and joins us to unravel the complexities of forensic economics. 

We’re excited to welcome Dr. Craig Galbraith, a distinguished professor at the Cameron School of Business at UNC Wilmington, to share his unique perspective on this process. Dr. Galbraith's journey is as fascinating as his expertise. From serving in the Army during the Vietnam era to earning multiple degrees, including a PhD from Purdue University, and even founding a biotech company, his diverse background makes him an expert in this subject. 

The first installment of this conversation centers around the valuation of economic losses in personal injury cases, emphasizing the importance of understanding the time value of money. Tune in to learn how future income is calculated and the role of forensic economics in legal claims.

Here’s some of what we discuss in this episode:

0:00 – Intro & background

2:46 – Teaching at UNCW

4:53 – Valuation and appraisal

7:16 – Factoring in inflation

10:17 – Quantifying economic loss associated with injuries

About our guest: https://galbraithforensic.com/ 

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