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House panel would allow interest payments on noneconomic verdicts

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Insurance interests are up in arms about a House committee’s approval of a bill that would allow plaintiffs to recover prejudgment interest on noneconomic claims, including pain and suffering. HB 469 says that plaintiffs who prevail in lawsuits could collect interest — at a rate now set a 4.9 percent, but varying with inflation — from the date of a loss. They could collect against attorney fees and costs, too. Exiting law provides for prejudgment interest on economic claims only,…

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