Ohio HB447 amends the Revised Code to set dollar caps on certain damages in civil actions and mandates annual adjustments based on the consumer price.

Ohio HB447 amends the Revised Code to establish dollar caps on compensatory damages for noneconomic loss in civil actions, with exceptions for certain severe injuries. It sets a maximum cap of $250,415 or three times the economic loss, whichever is greater, and mandates annual adjustments based on the consumer price index. The bill also limits punitive or exemplary damages, prohibits their award in some cases, and outlines procedures for their calculation and distribution. Additionally, it specifies that certain damages, like those from asbestos claims, are not subject to these caps.

Ohio HB447 amends the Revised Code to set dollar caps on certain damages in civil actions and mandates annual adjustments based on the consumer price.

Ohio HB447 amends the Revised Code to establish dollar caps on compensatory damages for noneconomic loss in civil actions, with exceptions for certain severe injuries. It sets a maximum cap of $250,415 or three times the economic loss, whichever is greater, and mandates annual adjustments based on the consumer price index. The bill also limits punitive or exemplary damages, prohibits their award in some cases, and outlines procedures for their calculation and distribution. Additionally, it specifies that certain damages, like those from asbestos claims, are not subject to these caps.