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.
Insurance IPOs Hit 20-Year High on Wall Street
Lloyd’s Probing Conduct of Ex-CEO Who Had Been Set to Join AIG
Best Quarter in a Quarter Century, Says S&P Q3 Analysis of US P/C
‘Clear Soft Market Conditions’ for Commercial P/C Lines in Q3, Says CIAB 

