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Donald A. Caminiti
Donald A. Caminiti
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Are Caps Ever Fair

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Legislature Considers Payment Cap for Bridge Victims

Minnesota lawmakers met Tuesday to decide whether to cap awards to victims of the Minneapolis bridge collapse or leave the size of the payments to neutral party. A $400,000 ceiling for lost income, medical expenses and mental anguish garnered support from both Democrats and Republicans. Federal law has further complicated matters because insurers are entitled to recover costs from policy holders who receive awards. AP, Insurance Journal 01/24/2008

Read Article: Insurance Journal