Evan Umpir, Director of Tax, Transportation, and Legal Affairs, testified before the Senate Judiciary & Public Safety Committee in support of Senate Bill 613. This bill would limit noneconomic damages resulting from a truck accident. “Nuclear Verdicts,” generally recognized as jury awards over $10 million, have been steadily increasing for more than a decade. SB 613 would cap only noneconomic damages (e.g. pain, suffering, and mental anguish; loss of consortium; loss of companionship) at $1 million, not quantifiable, economic damages resulting from the accident. Noneconomic damage caps are not new or unique to Wisconsin; medical malpractice cases currently have a $750,000 cap in statute. As the cost of jury awards increases, this has an effect on insurance costs and ultimately impact consumers and other businesses purchasing goods transported by truck. The Assembly Committee voted an identical bill out of committee on a bipartisan basis; the Senate version now awaits a vote in committee.
WMC Advocates for Capping Nuclear Verdicts
Share:
LOOKING FOR MORE NEWS?
Kristen Nupson
NEWS
Related Posts
WMC Opens Nominations for Business Friend of the Environment Awards Program
Nick Novak
April 22, 2024
MADISON – Wisconsin Manufacturers & Commerce (WMC) – the combined state chamber and manufacturers’ association – opened nominations for its annual Wisconsin Business Friend of
WMC’s Scott Manley on Veto Lawsuit
Nick Novak
April 18, 2024
https://www.youtube.com/watch?v=dymu9U-DoJo On Tax Day, WMC Litigation Center announced its lawsuit on behalf of two Wisconsin taxpayers challenging Gov. Evers’ 400-year veto. In the most recent
WMC Sues over 400 Year Property Tax Increase
Nick Novak
April 16, 2024
WMC Litigation Center is representing taxpayers in a lawsuit aimed at a veto from Gov. Evers that resulted in a 400-year property tax increase. “We’re
Scott Manley on Biden Administration’s New Emission Standards
Kristen Nupson
April 5, 2024
https://www.youtube.com/watch?v=NDqEr0VTJoE After the announcement of the Biden Administration’s new emission standards being applied to long-haul and large vehicles, WMC’s Scott Manley joined Vicki McKenna to