Recent Posts OII members share Katrina impact and lessons learned
Ten years ago this past August, the country experienced the devastating effects of Hurricane Katrina. 1,833 lost their lives, millions were left homeless and 80% of New Orleans was flooded. 1.7 million claims were filed with insured losses tabbed at $41.1 billion. Beyond the size and scope of devastation, the aftermath of recovery and rebuilding has provided valuable lessons for our industry. In this edition of OII Insurance Matters we share the impact and vision from the eyes of our members. (VIEW POST) Statewide deer-vehicle collisions down, but damages are up
(Sept. 29, 2015) Ohio drivers beware. The risk of colliding with deer has just become greater, with peak deer mating season starting in October. Although the number of reported deer-vehicle crashes are down, the average collision claim is expected to rise 6 percent this year to $4,135. The Ohio Insurance Institute estimates statewide damages for such claims in 2014 at nearly $77 million. (VIEW RELEASE) Insurance industry in Ohio: Stronger than ever!
Meet Ohio’s 2015 Insurance Educator of the Year
Frank Back, a business and finance teacher at Lebanon High School (Lebanon) is the 2015 Ohio Insurance Educator of the Year by the Ohio Insurance Institute (OII). He was recently honored at the OII awards banquet in Westfield Center. Fall Seminar ‘The Future Is Now’ is Oct. 15
OII’s Ohio Insurance Educator of the Year was selected for his ability to effectively incorporate insurance instruction into his personal finance courses. Members of the judging committee selected his entry as being highly effective and creative in explaining insurance matters to students. (VIEW RELEASE)
Don’t miss the 14th Annual Fall Seminar ‘The Future Is Now’ on Thursday, October 15 at the Villa Milano in Columbus. View program details, then register online through Oct. 8. NOTE: This program has been filed for 6 hrs. of Ohio Agent CE credit and 2.5 hrs. of Ohio CLE credit. Changes in store to Ohio’s subrogation process
(July 2, 2015) Ohio’s budget bill approved Tuesday evening by Governor John Kasich included language that changes Ohio’s long-standing subrogation process. The Governor’s actions were essentially a partial veto of language that was inserted into House Bill 64 by the Ohio Senate very late in the process.
According to OII, the language will undo 100-plus years of settled case law pertaining to insurer rights to subrogate for payments made and the process for distributing recoveries in legal actions. (VIEW RELEASE)