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Ohio preliminary insured losses from April storms estimated at $52.6–57.8 million

StormDamage(May 10, 2016) An early April storm caused significant property losses in Ohio and several other states. According to the Ohio Insurance Institute and Property Claim Services, high winds, rain and even bands of snow moved across the Buckeye state causing between $52.6 and $57.8 million in preliminary insured losses. Peak wind gusts of over 60 mph were reported in several Ohio counties including Darke, Franklin, Hamilton and Montgomery. (VIEW RELEASE)

I-Day speakers address trending technologies
Jeff Spaulding flies a drone during I-Day event.

Drone flying at I-Day

Drones and driverless cars are just two of the technology trends and challenges the insurance industry is facing. OII tackled these and other topics during its annual Central Ohio Insurance Education Day last month.
In this edition of OII Insurance Matters, we recap some of the key insurance trends discussed at the event and how insurance professionals can best prepare themselves for the tech evolution. (VIEW POST)

OII members share tips to keep you safe all summer-long

ASummerlthough summer isn’t official until June 19, many of us have already taken to the outdoors and travel planning. While making plans to enjoy all that summer has to offer, OII members remind us to take note of seasonal safety measures. In this edition of OII Insurance Matters, we share a number of their summer safety tips. (VIEW POST)

2016 I-Day Presentations Online

PrintPosted online are slides from three key presenters from 2016 I-Day: From Drones to Driverless Cars. Special thanks to Kim Hazelbaker, IIHS/HLDIJeff Spaulding, Fire and Explosion Consultants, LLC; and Ridge Muhly, Gen Re for sharing their expertise and their presentations. And to our attendees, we thank you and look forward to seeing you next year! (VIEW PRESENTATIONS)

Wind damage? Resources to guide you through an insurance claim

TreeStormDamaging winds across the Buckeye State over the April 2-3 weekend may have some Ohio home and business owners seeking info on insurance coverage and claims. Losses typically covered by insurance include wind-related damage caused by downed-trees and damage to roofs, walls and ceilings. Some property losses are covered under standard policies and others may be covered by policy endorsements. Auto damage is covered under the comprehensive portion of an auto policy. See OII’s updated release on losses typically covered by high winds along with tips to help you recover. (VIEW RELEASE)
NOTE: OII plans to survey its members on Ohio insured losses from this storm event. We expect to release results in late April-early May.

2016 OII premium trend report: What’s driving Ohio’s auto & homeowners insurance environment?

trend analysisWith the March 1 Ohio Department of Insurance announcement of Ohio’s auto and homeowners insurance premium rankings, the Ohio Insurance Institute (OII) delves into the factors affecting them. OII reports that although Ohioans will likely see an uptick in their insurance premiums, they’ll likely not be as severe as in most other parts of the US. See our 2016 Ohio Auto and Homeowners Insurance Trend Report for details. (VIEW REPORT)