OBLIC news, events and updates.

Keep up-to-date on what's going on with the Ohio Bar Liability Insurance Company.
CTA Update: 90-Day Reporting Deadline
Posted on February 29th, 2024

The Corporate Transparency Act (CTA), part of the Anti-Money Laundering Act provisions in the National Defense Authorization Act of 2021, took effect January 1, 2024. The CTA requires a non-exempt business entity (a “reporting company”) to report information on their “beneficial owners” (beneficial owner information – BOI) with the Financial Crimes Enforcement Network “FinCEN.” Reporting deadlines to […]

Case Alert – “Anniversary Rule” Rejected for Computing Filing Deadline
Posted on February 8th, 2024

In Sauter v. Integrity Cycles, L.L.C, 2024-Ohio-309, rendered on January 30, 2024, the 10th District Court of Appeals reversed the trial court’s decision granting summary judgment finding that the refiled complaint was time-barred under Ohio’s savings statute, R.C. 2305.19(A). The plaintiff in Sauter 41(a) dismissed the complaint on January 5, 2022, and refiled the complaint […]

Dating opposing counsel?
Posted on January 30th, 2024

Love is in the air this month of romance, and our loss prevention hotline is answering your steamiest inquiries: can I date opposing counsel?  If the question brings up nostalgia of an early career fling or a longing to invite a certain someone out for coffee, you’re not alone. The question is pervasive enough for […]

Best Practices for Use of Generative AI
Posted on January 24th, 2024

OBLIC continues to monitor the developing use of AI for lawyers. A recent advisory opinion from Florida provides guidance. The Florida Bar of Governors’ Review Committee on Professional Ethics issued Advisory Opinion 24-1 Regarding Lawyers’ Use of Generative Artificial Intelligence in January 2024. Advisory Opinion 24-1 concludes that ethical use of generative AI is permissible, […]

OBLIC Alert – Your HOTLINE QUESTIONS: CTA
Posted on January 9th, 2024

Following our OBLIC Alert on the Corporate Transparency Act (CTA), inquiring minds contacted OBLIC with questions. This Alert will address the questions we received to date. FinCEN information and resources were used for this Alert. Please keep in mind that the CTA reporting requirement became effective on January 1, 2024. Information on the FinCEN website […]

Corporate Transparency Act Launches January 1, 2024
Posted on December 20th, 2023

The Corporate Transparency Act (CTA) is part of the Anti-Money Laundering Act provisions in the NDAA of 2021 (National Defense Authorization Act). Beginning January 1, 2024, the CTA requires a business entity, defined as “reporting company,” that is not exempt, to report information on their “beneficial owners” (beneficial owner information – BOI) with the Financial […]

Employment Practices Liability Endorsement Coverage and Your Policy
Posted on December 7th, 2023

In the last 20 years, employment-related lawsuits have increased by 400% and lawsuits for wrongful termination have increased 260%. Shifts in cultural expectations coupled with insufficient re-education have also led to an increase in complaints of harassment, hostility in the workplace, and inappropriate behavior between business contacts who are not necessarily employees. Business owners are […]

An OBLIC Update on Generative AI in the Legal Industry: Regulation, Legal Sector Tools, and Practical Guidance
Posted on November 29th, 2023

In our final OBLIC Update on AI for 2023, we’ll first consider some updates on recent developments in the realm of generative AI touching the legal industry. We then round out this fourth installment with practical guidance on deploying these tools in your law practice.   Administrative Regulation of Generative AI  Attention is being paid in […]

Ho! Ho! Ho! Holiday Reminder
Posted on November 20th, 2023

The holidays are just around the corner! So it’s a good time for cybersecurity reminders. Scammers typically take advantage of this time of year when they know everyone is busy and more vulnerable to phishing emails and social engineering threats. Be aware of the fraudulent check scam. Scammers have refined their technique on this. The […]

Hotline Question: Responding to Online Reviews
Posted on November 6th, 2023

There’s no doubt that online reviews may influence prospective clients. While savvy consumers may be able to discern between reviews posted by legitimately unhappy consumers and those that may be unfairly retaliatory, your online reputation is highly valuable and worth protecting. Since it may be unlikely that negative reviews will be removed (even if untrue), […]