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HB 24-1472 and the Key Legislative Changes and What They Mean for Colorado Attorneys
Colorado's HB24-1472 has significantly changed general liability and wrongful death claims, increasing damage caps to ensure fairer compensation for plaintiffs. The law took effect on January 1, 2025, introducing higher caps and periodic inflation adjustments to keep up with economic changes.
Key Provisions of HB24-1472
- Non-Economic Damage Caps:
- Increase to $1,500,000 for claims filed on or after January 1, 2025, and before January 1, 2026.
- The first inflation adjustment will be on January 1, 2028, with biennial updates thereafter.
- Wrongful Death Damage Caps:
- Increase to $2,125,000 for claims filed on or after January 1, 2025.
- Allows additional claimants, including siblings and their heirs.
These changes present new opportunities for attorneys handling personal injury and wrongful death cases, ensuring that settlements reflect the full scope of damages suffered by plaintiffs.
How Supio Helps
With these legislative changes, law firms must optimize case evaluation to maximize settlement values. Supio’s AI-powered tools provide real-time claims assessment, predictive analytics, and data-driven insights to help attorneys navigate these new caps efficiently.
To support legal professionals, Supio offers front-line technology solutions to streamline case analysis, ensuring that attorneys can make data-backed arguments for maximum compensation.
Stop by at the Colorado Trial Lawyers Conference to see Supio in action!
- March 5-7: Supio will be at the Colorado Trial Association Conference in Denver, offering interactive sessions on various topics for Personal Injury practices in Colorado. Come by and see how Supio can help you advocate better and win more.
Want to see how else Supio can help you reclaim your time on tedious tasks? Book a demo with us!