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Enforcing Limitation Of Action Clauses In Ohio

Law360, New York (October 19, 2011, 2:00 PM EDT) -- Insurers and policyholders alike are often presented with the question of whether an insurance policy's limitation of action clause is enforceable. Many policies contain such clauses, which attempt to shorten the time permitted under law (currently 15 years in Ohio) for an insured to sue under the policy. In a pair of decisions issued in August and September 2011, the Supreme Court of Ohio answered this question with a resounding "yes," turning back two challenges to the enforceability of such clauses....

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