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RedDeerGuy1's avatar

How did insurance companies decide on the value of human life at $5 million?

Asked by RedDeerGuy1 (24461points) December 9th, 2015

From Actuary science.

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2 Answers

Cruiser's avatar

It is my understanding that a settlement of this nature would be determined by lawyers for both the city and Mr. McDonalds family. I am not sure though if cities have insurance policies in place to pay lawsuit settlements costs or if it comes from a special fund the cities or states set aside.

Cruiser (40449points)“Great Answer” (1points) Flag as…

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