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Wednesday, February 19, 2014

New Caps on Non-Economic Damages for 2014


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 2014 is $440,200. The indexed cap in cases involving death or permanent loss of a vital bodily function is now $786,000. The cap on noneconomic damages in medical malpractice cases is now $464,400.

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