The CIB and the Greater Cincinnati Insurance Association is hosting a lunch with the featured speaker Director Jillian Froment. She was appointed Director of the Ohio Department of Insurance in 2017 by Ohio Governor John R. Kasich. She serves as a member of the Governor's cabinet and is responsible for the overall leadership and direction of the Department of Insurance. Hear what's going on in insurance in Ohio. Click here to register
OHIO'S BUREAU OF WORKERS COMP - OTHER STATES COVERAGE
The CIB is offereing a course on December 20, 2017 discussing Ohio's BWC Other State Coverage. Ohio worker compensation must be written through the Bureau of Workers Compensation. When a company's employee leave the state of Ohio in the course of his work are they are covered? This course will discuss what is covered, excluded and how coverage can be obtained. Other states coverage can now be written through Ohio BWC. Read more
2017 ISO Commercial Property Form Changes
The Insurance Services Office (ISO) filed important changes to the commercial property forms effective September 1, 2017. New and Revised Commercial Property Forms from ISO... Read more
RISK TIP
Debris Removal Coverage Limitations under the Homeowners Policy
Recent catastrophe events such as fires and hurricanes vividly illustrate the need for adequate property insurance. One area where unforeseen gaps can arise is debris removal. The Insurance Services Office's HO 3 policies pay reasonable expenses to remove the debris of covered property if a covered peril causes loss or damage to covered property. So if a flood causes 100 percent of the damage to the home, the homeowners policy provides no debris removal for this loss since flood is not a covered peril.Read more
CASE OF THE MONTH
UIM Insurer Can't Benefit from Tortfeasor's Bankruptcy To Deny Coverage
What happens when this process is short-circuited by the tortfeasor declaring bankruptcy, which stops the insured from recovering a judgment against the tortfeasor?
In a typical underinsured motorist (UIM) scenario, the insured sues the person that caused the accident (the tortfeasor) to establish damages. After obtaining a judgment against the tortfeasor, the insured turns to his or her own UIM insurer to pay the portion of the judgment that remains uncovered by the tortfeasor's insurance.
What happens when this process is short-circuited by the tortfeasor declaring bankruptcy, which stops the insured from recovering a judgment against the tortfeasor?Read more
FBI WIDENS INSURANCE FRAUD PROBE OF SOUTH FLORIDA ATTORNEYS
The revelation follows the Sept. 6 arrests of five South Florida personal injury attorneys in an insurance fraud sting led by the Broward Sheriff's Office.
Police sources said more arrests are coming as part of a multiagency investigation into alleged insurance fraud by personal injury attorneys. Read more
