Net present value of $2.9 million awarded today is $2.9 million, investments should match inflation anyways.
The woman's basically fully functional now. Maybe some pain, slightly reduced capability, but she still road rides and plays soccer on a regular basis.
U.S. GDP per capita was $48K in 2008. Productive lifespan generously being around 45 years, the monetary value of a life is $2.16 million, net present value. This is a woman who will have to live with slight disabilites, beyond the couple years she was out of work (which was part of the $150K in economic awards, which for the sake of this discussion I'm not arguing.) Her entire life isn't worth what she was awarded in non-economic damages, and yet she gets that amount despite only minor disabilities, if any.
In NY jury awards above 250k for future pain and suffering are reduced to present value by the court outside of the presence and knowledge of the jury. So a 2.9 million verdict does not result in the plaintiff actually receiving 2.9 million.
furthermore the costs and attorneys fee are deducted such that, the plaintiff would take home about 60-65% of whatever the final number is assuming there is sufficient insurance coverage to pay the award.
As I stated previously, I am not familiar with the case, but the jury was the one who heard the evidence from both sides, remember this is an adversarial proceeding, and was in a much better position to make a judgment as to what was fair and reasonable compensation, than monday morning quarterbacks based on 3rd hand accounts of one side of the story. That's not to say, that if you were on that jury you wouldnt have awarded a different number. just that in my experience, there must have been some pretty compelling evidence to warrant a jury award of that magnitude and it being upheld by both the trial judge and an appellate court. I have studied every appellate decision concerning the value of injuries in NY for 20 years, and believe me, it is not easy to uphold an award.
If you are really interested in the subject check out this blog. http://www.newyorkinjurycasesblog.com/