State Insurance Czars Order Refunds/Extensions

The California Insurance Commissioner and the New Jersey Department of Banking and Insurance both took actions this week to put more money in the pockets of insurance customers. In California, a Bulletin from the Office of Insurance Commissioner Ricardo Lara requires insurance companies to provide a premium credit, reduction, return of premium or other appropriate…

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Ohio Considers Workers Comp Premium Cut

On January 28, the CEO and administrator of the Ohio Workers Compensation Commission, Stephanie McCloud, submitted a proposal reducing employer premiums for Workers Compensation insurance by an aggregate $132 million for Fiscal Year 2021. The Commission Board of Directors will decide upon the rate reduction proposal at its February 28 meeting. The 13% rate reduction…

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