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Wednesday, February 25, 2009
Michigan's Indexed Caps on Noneconomic Damages Increase to $401,500 & $717,000
The Michigan Department of Treasury has announced that the new caps on noneconomic damages in products liability cases where the product did not cause either death or permanent loss of a vital bodily function for 2009 is $401,500. The indexed cap in cases involving death or permanent loss of a vital bodily function is now $717,000.