Two Democratic state representatives in Ohio have filed a bill in the General Assembly that would require insurers that provide business interruption insurance to cover losses that arise from viruses and pandemics, regardless of whether their policies contain exclusions for …
The Ohio Department of Insurance (ODI) reports that average premiums for auto and home insurance in the state rose in 2015 but not by much. The average rate changes in 2015 for Ohio’s top 10 homeowners and private passenger auto …
Michael D. Farley has joined the Ohio Insurance Institute (OII) as vice president of legal and government affairs. Farley will assume leadership of the association’s legislative and regulatory affairs initiatives, a position previously held by OII newly appointed president Dean …
Ohio Insurance Institute President Dan Kelso is retiring and senior staffer Dean Fadel has been named the OII’s new president, the organization announced. The leadership transition will occur over the next several weeks. Fadel, formerly vice president of Government Relations, …
The Ohio Insurance Institute (OII) reported that 11 of the 15 Ohio metro areas (MSAs) in the National Insurance Crime Bureau’s (NICB) Hot Spots report show a decline in auto thefts between 2014 and 2015, based on auto theft rates. …
The Ohio Insurance Institute reports that an early April storm that caused significant property losses in Ohio and several other states, caused as much as $57.8 million in insured losses in Ohio alone. According to the OII and Property Claim …
Superstorm Sandy in late October 2013 was Ohio’s sixth costliest natural disaster in recent history from an insured loss standpoint, an insurance trade group says. Moving inland after devastating parts of the East Coast, Sandy finally dissipated on Oct. 31, …
The Ohio Insurance Institute (OII) reports that deer-vehicle crashes in the state decreased in 2014 by 2.5 percent over 2013. Nationally, however, claim costs from such collisions are up by more than 6 percent this year. According to the Ohio …
Combined, average homeowners and auto insurance premiums in Ohio are nearly $500 less than national averages, according to the state’s insurance department. Personal lines premiums in the state are among the lowest in the country, Lieutenant Governor and Department of …
As far as Ohio state law goes, homeowners don’t have a legal obligation to shovel sidewalks due to a natural accumulation of snow and ice, but this doesn’t mean they shouldn’t at least try to maintain them, according to the …
