Mississippi HB1116 revises noneconomic damages to include an annual eight percent compounded interest rate.
Mississippi HB1116 amends Section 11-1-60 of the Mississippi Code of 1972 to adjust the calculation of noneconomic damages. Effective July 1, 2026, noneconomic damages will be compounded at an eight percent interest rate annually. This applies to civil actions filed after September 1, 2004, excluding those related to malpractice or breach of standard of care. The bill also maintains the cap on noneconomic damages at $500,000 for malpractice cases and $1,000,000 for other civil actions.
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