Live Insurance News

Winter activities make insurance news in Ohio

January 22, 2015January 20, 2015 Julie Campbell

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…

Ohio insurance costs deemed affordable, for the most part

March 20, 2014March 23, 2014 H. Cutner

An industry trade association has stated that auto and homeowners coverage can be afforded by most people. According to the latest data that has been released from an Ohio insurance industry trade association, auto and homeowners premiums are low enough that they can be afforded by the majority of the people living within the state. In fact, the rates within this state are notably lower than the average in the rest of the country. A report was issued by the Ohio Insurance Institute (OII) which has said that this state…

Ohio Insurance Department manages to save $23.5 million

February 13, 2014February 10, 2014 S.Vagus

State agency saves funds while also reclaiming money for consumers The Ohio Insurance Department has announced that it has saved significant money in the wake of 2013 while also successfully recovering funds on behalf of consumers. According to the agency, it has saved some $23.5 million last year with the help of various community outreach initiatives. Consumer complaints also pointed the agency in the right direction, allowing state regulators to recover funds that had been taken from consumers either through fraudulent activity or other crimes involving insurance. Consumers complaints help…

Health insurance rates set to spike in Ohio

June 12, 2013June 10, 2013 Marc

Health insurance rates could be growing due to the Affordable Care Act The Affordable Care Act looms in the near future and stands poised to issue the last of its major changes to the health insurance sector of the U.S. The federal law has been the subject of controversy and harsh criticism since it was passed in 2010, but has not yet been derailed in any significant fashion. The law has already introduced many changes to the health insurance sector, including the introduction of health insurance exchanges, which are meant…

Ohio businesses may see major returns from workers compensation program

May 6, 2013May 6, 2013 Logan B.

Ohio Governor John Kasich - Workers Compensation Program

$1 billion in workers compensation dividends to be distributed in Ohio Ohio businesses may be receiving significant dividends from the state’s workers compensation fund this month. Governor John Kasich is keen to see funds returned to employers after returns from the workers’ compensation fund were higher than had been expected. These returns are now before the Ohio Bureau of Workers Compensation, which will determine whether they are necessary or not. If the agency approved of the dividends, more than $1 billion in funds could be returned to employers throughout the…