Claim of Marconi v. Marshall

The deceased employee died on November 7,1944, and a third-party action was settled. There was a net recovery to the widow of $7,113.95. The Workmen’s Compensation Board directed that the insurance carrier, an appellant here, be credited with the net settlement. The board suspended payments of compensation to the widow until the credit created by the settlement was exhausted, which, it was found, would be February 12, 1957, after which date compensation was to be paid.

The board computed as of October 9,1947, the “ present value of the deficiency compensation ”, fixed this in the sum of…