House members agreed to Senate amendments Thursday on a tort reform bill.
Under the measure, punitive awards would be limited to $500,000 or three times the actual damages, whichever is greater.
In the worst cases, punitive awards would be capped at the greater of $2 million or four times the actual damages, which includes things like lost wages and medical expenses.
The House vote signals a victory for Gov. Nikki Haley who made tort reform one of her priorities this session.
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