The Nation - News from June 8, 1986
The Florida Legislature approved a bill ordering a rollback of commercial liability insurance rates of 40% or more--to levels of January, 1984, before premiums began soaring. The measure also sets a $450,000 ceiling on non-economic liability awards such as “pain and suffering.” It puts a $25,000 limit on “joint and several liability” so that a single defendant with “deep pockets” who is minimally at fault would not have to pay the entire jury award.
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