Modifies provisions relating to limitations on awards for certain liability claims against public entities

HB 1718 sets new financial limits on lawsuits against Missouri public entities (like cities, counties, and state agencies) for injuries or property damage. It caps total liability for a single incident at $2 million and limits individual claims to $300,000 per person, excluding workers' compensation cases. The bill also prohibits punitive damages in such claims and requires annual inflation adjustments to these limits using the U.S. Bureau of Economic Analysis' Implicit Price Deflator. These changes directly affect public entities facing tort claims and alter how liability awards are calculated and paid.