Ohio News

El Niño to Influence Winter, Or Not, Say Forecasters

It will be a tale of two winters in the United States – warmer and drier than average in the North and wetter and cooler in the South – thanks to El Niño, according to government forecasters. In its winter …

A Soft Landing

This soft market is likely to linger into the New Year. Analysts Forecast Healthy Q3 Reports from Insurers” promised the headline on Insurance Journal‘s Web site, www.insurancejournal.com, on Oct.22. Reuters reported that third-quarter earnings reports from insurers would look a …

Study: Workers’ Compensation Public Options Outperform Private Industry

State funds blunt the impact of bigger losses through concerted loss prevention efforts. An insurance industry think tank has concluded that 25 public and quasi-public workers’ compensation insurance plans perform better financially than the private market in a number of …

Decades in the Making, NAIC Outlines Natural Catastrophe Plan

White Paper Approved at Fall Meeting with Near-Unanimous Vote Though it may seem like the debate over the creation of a national catastrophe insurance plan is a relatively recent phenomenon, the National Association of Insurance Commissioners actually began addressing the …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Apartments Low Income Subsidized Housing Market Detail: Housing Insurance Services offers programs through two admitted …

Study: Workers’ Compensation Public Options Outperform Private Industry

State funds blunt the impact of bigger losses through concerted loss prevention efforts. An insurance industry think tank has concluded that 25 public and quasi-public workers’ compensation insurance plans perform better financially than the private market in a number of …

People

Aon Corp. has named John Bayeux as managing director of Aon Risk Services. Bayeux has 22 years of experience as a risk manager and insurance broker in the financial institutions sector. He will work with clients, the financial institutions markets …

Study: Workers’ Compensation Public Options Outperform Private Industry

State funds blunt the impact of bigger losses through concerted loss prevention efforts. An insurance industry think tank has concluded that 25 public and quasi-public workers’ compensation insurance plans perform better financially than the private market in a number of …

It Figures

$14.7 Million The State of Ohio has been awarded a $14.7 million judgment against four defendants in a case involving a hazardous waste treatment facility that was not shut down properly. The Montgomery County Common Pleas Court found that Republic …

Investigation: Ohio Work Comp Fund Lost $20M in Pharmacy Program

The state watchdog says the Ohio insurance fund for injured workers is out $20 million because of problems with its prescription drug program. Inspector General Tom Charles says the Bureau of Workers’ Compensation (BWC) failed to take steps to recover …