Ohio SB292 revises caps on noneconomic, punitive, and exemplary damages in tort actions.

Ohio SB292 amends the Revised Code to revise caps on noneconomic, punitive, and exemplary damages in civil actions. It sets limits on compensatory damages for noneconomic loss, such as pain and suffering, and caps punitive or exemplary damages based on the defendant's net worth or compensatory damages awarded. The bill also mandates annual adjustments to these caps based on the consumer price index. It excludes certain actions, such as those against the state or political subdivisions, from these limits.

Ohio SB292 revises caps on noneconomic, punitive, and exemplary damages in tort actions.

Ohio SB292 amends the Revised Code to revise caps on noneconomic, punitive, and exemplary damages in civil actions. It sets limits on compensatory damages for noneconomic loss, such as pain and suffering, and caps punitive or exemplary damages based on the defendant's net worth or compensatory damages awarded. The bill also mandates annual adjustments to these caps based on the consumer price index. It excludes certain actions, such as those against the state or political subdivisions, from these limits.