Insurance 101 – Chapter 11 – Volume 51 – Limitations on Punitives

Limitations on Punitives

A court first find that a claimant is entitled to compensatory damages before proceeding to any claim for punitive damages. In reaching its decision the Supreme Court said “Our common law approach to the substantive review of a punitive damages claim is well settled. Moreover, Mississippi law does not favor punitive damages awards, as they are considered an extraordinary remedy and are allowed only within narrow limits. (Citation omitted.) An award of punitive damages acts to punish the wrongdoer and is to set an example, thereby discouraging others from similar behavior. (Citations omitted.) As such, punitive damages are allowed only with caution and within narrow limits.”

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

Legal Disclaimer

The author and publisher disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this blog. The information provided is not a substitute for the advice of a competent insurance, legal, or other professional. The Information provided at this site should not be relied on as legal advice. Legal advice cannot be given without full consideration of all relevant information relating to an individual situation.

 

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *