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"I am the captain of my fate; |
HELP MAKE METRO PUT SAFETY FIRST |
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QUOTES AND ADDITIONAL INFORMATION
"Considering that the limits were set in 1973 and the size of the monetary judgments being awarded today, the present limits are inadequate." [Italics and bold added]
"In 1970, the $100,000 limitation on damages brought considerably more redress than it does in 1998. While we do not find that cap arbitrary and unreasonable in the context of the time it was created, we do think it is time that the legislature reviewed the reasonableness and adequacy of this cap in light of the changes in costs and valuations that have occurred since 1970." [Italics and bold added]  
"A judgment of $250,000 in 1994 would be the equivalent of less than $92,000 1970 dollars - less in economic terms than the original $100,000 cap. Similarly, a $100,000 judgment in 1994 would be the equivalent of less than $25,000 1970 dollars. To the extent the legislative goal is to provide relief which is the economic equivalent of $100,000 1970 dollars, the liability caps would currently [in 2001] need to be raised to nearly five times the original amount." [Italics and bold added]
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