Ohio Makes Reforms to Protect Consumers and Strengthen Insurance Industry
Ohio recently passed of a number of changes to Ohio law that will benefit Ohio consumers while further strengthening Ohio’s robust insurance market. Among the changes made by Ohio’s legislature are sweeping cybersecurity reforms that will help to better protect Ohio consumers while providing a level playing field for Ohio insurers. Read more
Insurance Industry Employment Trends: 1990-2018
Employment in the general U.S. economy continues to be strong. In October 2018 there were 2.72 million more people employed in the country than a year earlier (+1.77 percent)—an unusually strong increase this late in the business cycle. In the private service-sector overall, employment was up by 1.47 percent year-over-year in October 2018. As for the insurance industry, on a year-over-year basis, employment changes in most major segments of the insurance industry were mixed.
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Risk Tips
Are Your "Family Members" Covered on Your Auto Policy?
The term "family member" is defined in the personal auto policy (PAP) since numerous court cases have dealt with questionable coverage issues for these members. Even with the term defined by the policy, a surprising number of coverage questions are still litigated when it comes to "family members." Read more
Case of the Month
Certificates of uncertainty
For the better part of the past two decades, insurers and regulators have promoted the principle that certificates of insurance are merely informational. As insurers and regulators would have it, nothing entered on a certificate could change the coverage provided under the referenced policies, and certificates could not create any rights for the persons holding them.
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Is there an impact on insurance when you freeze your credit?
Last year, following the Equifax data breach, I decided “enough is enough” and froze my credit with the three major credit reporting agencies (Equifax, TransUnion and Experian). Freezing your credit, also called a security freeze, is a proactive way to prevent identity theft. Given the major data breach recently revealed by Marriott, I thought it would be good time to revisit this blog post as it may help your or your clients who have also had “enough.”
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Ohio Legislative Activity
The Ohio General Assembly has, for the purposes of the property and casualty insurance industry, wrapped up their activity. Remaining are concurrence votes in the Senate and possible veto overrides on bills dealing with guns, abortion, and elected official pay increases. As we prepare for the 133rd General Assembly, it is helpful to look back over the last two years of the 132nd General Assembly. These past two years have been very productive. A strong, fiercely competitive industry that collaborates in the interest of consumers, is to thank for these endeavors. Read more
CIB Member Information Center
MemberZone is your direct connection to the Cincinnati Insurance Board. As a member of the Cincinnati Insurance Board you have the opportunity to market your business to consumers visiting http://www.cib-online.com by enhancing your informational home page with pictures and text. You can also post job openings and enter keywords to help consumers find you when they run searches, and run reports to see hit statistics for your home page. You can also view and register for Education and Events, have access to your individual Event Attendance history and View/Pay your own individual invoices. Whether at work, at home, or traveling, anywhere that you have access to the internet you will be able to edit your information by logging into the MemberZone website. If you have any questions regarding this site please contact your Cincinnati Insurance Board - OH representative. Read more
Save Your Clients Money - OIA's Group WC Program
If you represent commercial clients or are interested in expanding into that market but don't know how to get your foot in the door, then OIA's Workers' Compensation Group Rating Program can provide you with one of the insurance industry's most powerful sales tools. Read More
