Ohio Insurance Institute News

Early April Ohio Storms Cause $52.6M in Insured Losses

An early April storm caused significant property losses in Ohio and several other states. According to the Ohio Insurance Institute (OII) and Property Claim Services (PCS) high winds and accompanying rains across the Buckeye state caused between $52.6 and $57.8 …

Despite Increases, Ohio Home and Auto Insurance Rates Still Low

Combined, average homeowners and auto insurance premiums in Ohio are nearly $500 less than national averages, according to the state’s insurance department. Personal lines premiums in the state are among the lowest in the country, Lieutenant Governor and Department of …

Ohio Homeowners’ Insurance Rates Expected to Climb in 2015

An Ohio insurance industry trade association says homeowner and auto insurance costs for most Ohioans are expected to increase this year. The Columbus Dispatch reports a trend report from the Ohio Insurance Institute says the average cost of insuring a …

Though Ohio Has No State Mandate to Shovel Sidewalks, Local Laws May Require It

As far as Ohio state law goes, homeowners don’t have a legal obligation to shovel sidewalks due to a natural accumulation of snow and ice, but this doesn’t mean they shouldn’t at least try to maintain them, according to the …

Ohio’s Financial Responsibility Law in Effect; Will Higher Auto Insurance Rates Follow?

While Ohio has traditionally had some of the lowest auto insurance premium rates in the country, going forward some Ohioans may see their rates rising. That’s because an increase in the state’s minimum limit of coverage for financial responsibility went …

Storms Cause More Than $71M in Insured Losses in Ohio

The Ohio Insurance Institute says the severe storms that hit the state in July resulted in insured losses of at least $71 million. The Columbus Dispatch reports the group on Monday released the results of a survey of 26 insurance …

Losses From Ohio Storms Higher Than Initial Estimate

Updated data indicates insured losses from storms that socked Ohio in late June and early July totaled $845 million in the state, or nearly double the initial estimate released by an insurance industry trade group. The series of storms between …

Ohio Summer Storms Lead to $433M in Claims

The storms that socked Ohio in late June and early July made for the third-costliest natural disaster in the state’s modern history, leading to estimated insurance claims of at least $433.5 million, an insurance industry trade group said. The tally …