A judge’s ruling against the Ohio Bureau of Workers’ Compensation may end up costing the state hundreds of millions of dollars.
The ruling issued Friday also could mean that more than 270,000 Ohio employers are due restitution after the judge said they were overcharged by the state.
A group of businesses sued Ohio in 2007 for $1.3 billion, saying that they paid too much for their workers’ compensation premiums.
Cuyahoga County Judge Richard McMonagle agreed but has asked the group to lower their request for damages.
An attorney for the group told The Plain Dealer newspaper in Cleveland that the final amount will be less than a billion dollars but still a lot of money.
A spokesman for workers’ compensation bureau says they plan to appeal the decision.
Topics Commercial Lines Workers' Compensation Business Insurance Ohio
Was this article valuable?
Here are more articles you may enjoy.
25 Years Later: IJ’s Past and Continued Coverage of the Insurance Impact of 9/11 
Willis Towers Watson Accuses Lockton of ‘Smash and Grab’ of Construction Team 
Viewpoint: How Federal Ban on Intoxicating Hemp Products Will Reshape Risk, Coverage 
The Big Data/AI ‘Revolution’ Is Driving Up Verdicts, Settlements as Plaintiffs Buy In 
