Ohio’s fund for injured workers wants to return more than $1 billion of its investment earnings to the state’s 200,000 private and public employers.
The Ohio Bureau of Workers’ Compensation proposed the rebate on March 13. It amounts to two-thirds of the premiums that employers paid in the policy year that ended last June.
The proposal must be approved by the BWC’s board. A decision is planned next month. If approved, checks could be issued in July.
The bureau says the proposal is a result of better-than-projected investment returns and strong financial management.
Republican Gov. John Kasich says the state has created a better “climate for success” by trying to reduce workers’ compensation costs and investing in workplace safety efforts.
Topics Commercial Lines Workers' Compensation Business Insurance Ohio
Was this article valuable?
Here are more articles you may enjoy.
State Farm Must Give Up Trade Secrets in Claims Lawsuits, but Under Court Review 
Jury Finds No Gun Defect, Sides With Sig Sauer in Unintended Discharge Case 
A Landmark Supreme Court Ruling Is Upending How America Moves Its Goods 
Seven People Charged in $100M Workers’ Compensation Fraud Operation in Florida 
