Insurers and business interests appear to have won another victory in Ohio, as Gov. Robert Taft will soon sign a broad tort reform bill that caps jury awards and limits products and obesity liability. This follows on the heels of Ohio’s first-in-the-nation legislation requiring asbestos and silica claimants to meet certain medical illness criteria before proceeding with their cases.
Taft, a Republican, had warned the Ohio Legislature in a letter that not passing Senate Bill 80 would be “a tremendous failure.” The bill caps noneconomic damage awards at $350,000 and places a 10-year statute of limitations on products liability, while protecting food merchants from “frivolous” obesity lawsuits.
Topics Ohio
Was this article valuable?
Here are more articles you may enjoy.
‘Structural Shift’ Occurring in California Surplus Lines
Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk
AIG Underwriting Income Up 48% in Q4 on North America Commercial 

