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Bill > HB1472


CO HB1472

CO HB1472
Raise Damage Limit Tort Actions


summary

Introduced
05/05/2024
In Committee
05/06/2024
Crossed Over
05/23/2024
Passed
05/23/2024
Dead
Signed/Enacted/Adopted
06/03/2024

Introduced Session

2024 Regular Session

Bill Summary

CONCERNING MATTERS RELATED TO CERTAIN TORT ACTIONS, AND, IN CONNECTION THEREWITH, INCREASING THE CAP ON NONECONOMIC DAMAGES, ALLOWING SIBLINGS TO BRING A WRONGFUL DEATH ACTION IN CERTAIN CIRCUMSTANCES, INCREASING A WRONGFUL DEATH DAMAGES CAP, INCREASING THE MEDICAL MALPRACTICE WRONGFUL DEATH DAMAGES CAP, AND INCREASING THE MEDICAL MALPRACTICE NONECONOMIC DAMAGES CAP.

AI Summary

This bill: - Increases the cap on noneconomic damages in civil actions, other than medical malpractice actions, from $250,000 to $1.5 million for actions filed on or after January 1, 2025 and before January 1, 2026. - Allows siblings to bring a wrongful death action in certain circumstances when the deceased has no surviving spouse, heirs, or designated beneficiary. - Increases the wrongful death damages cap from $250,000 to $2.125 million for actions filed on or after January 1, 2025 and before January 1, 2026. - Increases the medical malpractice wrongful death damages cap from $250,000 to $555,000 for acts or omissions occurring on or after January 1, 2025 and before January 1, 2026, and further increases the cap to $1.575 million by January 1, 2029. - Increases the medical malpractice noneconomic damages cap from $300,000 to $875,000 by January 1, 2029, with future adjustments for inflation.

Committee Categories

Budget and Finance, Justice

Sponsors (31)

Last Action

Governor Signed (on 06/03/2024)

bill text


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