United States Fidelity & Guaranty Co. v. Nettles

In this ease defendant in error, the claimant in an action under the Workmen’s Compensation Law, was found to be totally and permanently incapacitated by reason of injuries received in the course of her employment, and the insurer was compelled to redeem its liability by the payment of a lump sum. In arriving at the amount to be paid, the trial court, without any evidence or jury finding as to the rate of discount, arrived at the present value. of the unmatured weekly payments when redeemed in a lump sum by discounting the same at the legal rate of 6 per cent, and rendered judgment…