August 1, 2011
Signing of South Carolina Tort Reform Bill Vital to Contractors
COLUMBIA, S.C., Aug. 1, 2011 /PRNewswire-USNewswire/ -- Carolinas AGC, in conjunction with the SC Civil Justice Coalition, participated in a ceremonial bill singing for H. 3375, the South Carolina tort reform legislation, on July 26 in Columbia, SC.
South Carolina Governor Nikki Haley, during the bill's signing, remarked that "South Carolina will need to continue to strengthen the legal reform laws in our state; and while we just passed this law, passing tort reform never stops because it's what makes our state competitive."
The passage of this legislation was vital to building contractors on many levels, but most importantly because it decreases contractors' risk for any construction defects from thirteen to eight years. The legislation also includes a cap on punitive damages modeled after Florida's cap; establishes an appeal bond cap; requires the attorney general to approve civil actions by circuit solicitors; and requires disclosure of insurance policy limits for personal auto policies in accident cases. The legislation takes effect January 1, 2012 and applies to all actions that accrue on or after that date.
For additional information: Leslie Hope
Director, SC Government Relations & Divisions
803/799-5380, [email protected]
SOURCE Carolinas Associated General Contractors