Anthem health insurance plans leaving Ohio exchange in 2018

columbus ohio anthem health insurance

The insurer announced that it will not participate in the state’s ACA marketplace next year. One of the largest insurers in the United States, Anthem health insurance, announced its intention to exit the Ohio ACA exchange next year. While the company is large, very few people will be affected by the departure. Only about 10,500 Ohioans have health plans with Anthem, residing in only one fifth of the state’s counties. While the Anthem health insurance exit from the exchange is a small one when all is said and done, it…

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Homeowners and auto insurance premiums on the rise in Ohio

Minnesota auto insurance company rates

Homeowners and auto coverage is growing more expensive in Ohio Auto insurance rates in Ohio are expected to rise in 2016, along with homeowners insurance premiums. The Ohio Insurance Institute has announced that auto premiums are set to rise by an average of 3.3%, whereas homeowners coverage will become 2.9% more expensive, on average. Even with the increases in premiums, Ohio is well below the national average in terms of the cost of auto and homeowners insurance coverage. In terms of homeowners coverage, Ohio is ranked the ninth lowest when…

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Weather improvements ease homeowners insurance rates

Ohio homeowners Insurance

The cost of insuring an Ohio property may stop rising as quickly as it has been due to fewer storms. Over the last few years, Ohio property owners have been watching their homeowners insurance rates climbing upward at a sharp rate, but that may start to slow to a much more moderate increase as the weather has been easing off. The weather has been slightly kinder to Ohio residents and isn’t causing the damage that it had been. In 2014, the rates from the largest homeowners insurance companies in the…

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Ohio law to bring changes to state’s insurance industry

Ohio Insurance industry

Insurance changes coming to Ohio thanks to new law Ohio lawmakers have approved a new budget that will bring major changes to the state’s insurance law. The change reduces the amount of money that insurance companies will receive from injury cases in which consumers are found at fault and cannot pay the full amount they owe. The change to the law has received significant support from lawmakers, with supporters suggesting that some companies in the insurance industry could be exploiting the old law for financial gain. Insurance companies will receive…

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Homeowners insurance companies in Ohio look at ‘high-risk’ dog breeds

homeowners insurance news pit bull dog liability

Owners of pit bulls, among others, say that they have experienced bias when they seek policies. Ohio has had a regulation in place for about three years that has stated that the owners of all breeds of dog must be treated equally, but this has created a certain degree of controversy when it comes to homeowners insurance policies. Some dog owners have said that the breed of their pets have placed a sizeable barrier in their way. Among those challenges, homeowners insurance has been at the top of the list.…

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Ohio drivers can show proof of auto insurance on smartphones

mobile car auto insurance company

As of this week, it is possible to display the proof of coverage card in digital format within the state. Drivers throughout the state of Ohio are now legally able to use electronic devices such as smartphones and tablets to display proof of auto insurance instead of having to produce the paper form of the card. This is now a legal way of showing proof of coverage when it is requested by police officers and state agencies. The law went into effect at the beginning of this week and it…

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Ohio homeowners insurance premiums vary widely based on ZIP code

Ohio homeowners Insurance

Consumers throughout the state are paying widely different rates depending on where they live. A new calculation of the homeowners insurance rates being paid across Ohio has revealed that the prices vary quite broadly from one part of the state to the next, depending on where the consumer actually lives. Xenia was found to be the place in which residents were paying the highest home insurance premiums. Overall, Ohio is considered to be a state in which the homeowners insurance rates are considered to be quite low. The reason is…

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Rates for homeowners insurance and auto coverage are on the rise in Ohio

homeowners insurance

Homeowners insurance and vehicle coverage is becoming slightly more expensive this year Those living in Ohio can expect to be paying more for their homeowners insurance and auto coverage this year. Insurers in the state will be raising rates, but Ohio will still enjoy insurance rates below the national average for property and auto coverage. According to a report from the Ohio Insurance Institute, rates are on the rise for a number of reasons. Homeowners insurance providers note that many powerful storms have hit the state recently, which is leading…

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Winter activities make insurance news in Ohio

Snowmobile Insurance news

Residents of the state have been urged to review the protection that they have for their snowmobiling, skiing, etc. Mary Taylor, the Department of Insurance Director and Lieutenant Governor of Ohio has released an insurance news statement which has advised residents of the state to look into their coverage before they take part in some of their favorite types of winter activities. The goal is to make sure that proper insurance coverage is in place in case an accident should happen. Taylor explained that Ohio is a great place for…

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47,000 people in Ohio now have health insurance coverage

Ohio health insurance

Ohio’s uninsured population is falling quickly thanks to the growing availability of insurance coverage The number of people without health insurance coverage in Ohio has fallen over the past year. The state is one of 15 others that have reported a decline in their uninsured population. This trend is largely due to the Affordable Care Act, which launched insurance exchanges in every state and helped make coverage more accessible to those that need it. While the federal health care reform law has its flaws, some aspects of the law have…

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