Ohio’s insurance fund for injured workers tells employers to watch their mailboxes as it prepares to send out dividend checks totaling around $1.5 billion.
The Ohio Bureau of Workers’ Compensation says strong investment returns, fewer injury claims and agency cost savings are behind the payouts.
Republican Gov. Mike DeWine and BWC Administrator Stephanie McCloud announced their plan to refund employers in May. It was approved by the bureau’s board of directors in June.
It will be the fifth time since 2013 the bureau has returned $1 billion or more to employers.
About 177,000 checks will be mailed in seven batches over four weeks. Checks for public employers go out starting next week, followed by checks to private employers through Oct. 24.
Topics Commercial Lines Workers' Compensation Business Insurance Ohio
Was this article valuable?
Here are more articles you may enjoy.
Best Agency to Work For – Overall Winner: Robertson Ryan Insurance 
The Future of the Agency in a World of AI 
Rivian Agrees to Pay $250 Million to Settle IPO Fraud Lawsuit 
Alaska Airlines Vows IT Upgrades After Outage Forces 400 Flight Cancellations 
