WASHINGTON–The Oklahoma Legislature completed work on legislation yesterday tightening laws governing lawsuits filed in the state and restricting awards for pain and suffering.
The American Insurance Association issued a statement lauding the legislature's action, calling the package “landmark” and adding that it was likely to encourage economic development in the state.
“These significant reforms will help restore balance and fairness to the civil justice system in Oklahoma and attract new business and jobs to the state,” said John Marlow, AIA assistant vice president, Southwest region.
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