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.
US House Bill Aims to End Private Flood Insurance Coverage Penalty 
Hacking Group ‘ShinyHunters’ Claims Theft of Data From Users of Pornhub 
Aon Adds to List of Brokers Suing Howden US for Alleged Poaching, Theft 
AIG Partners With Amwins, Blackstone to Launch Lloyd’s Syndicate Using Palantir 
