Ohio Report for Thursday, July 24, 2014

Buehrer: BWC Prepared To Pay $420 Million In Settlement; Deal Won't Negatively Impact Current Assets

Bureau of Workers' Compensation officials say the more than $400 million the agency has agreed to pay employers affected by a highly controversial group rating system won't negatively impact its $9 billion in assets.

Late Wednesday, BWC reached a $420 million settlement in an ongoing lawsuit, which argued that between 2001 and 2008 it operated an unlawful system that granted excessive premium discounts to employers participating in the group rating system at the expense of nongroup-rated businesses. (See Gongwer Ohio Report, June 30, 2014)


Also In Gongwer

  • Task Force Estimates Ohio Court Costs Could Exceed $1 Billion; Chairman Raises Funding Concerns
  • Supreme Court Rules On Consecutive Sentencing, Community Control Procedures
  • Hagan To Run For State Board Of Education, ‘Make Waves' If Elected
  • Portman Cosponsors Bipartisan Bill To Expand Homeless Definition To Cover More Youth
  • Politics Notebook: Boehner, Portman Challenged To ‘Live The Wage;' Antani Chosen To Replace Blair On Ballot; Cincy Advice Given
  • Agency Briefs: Former Tax Commissioner Pleads Guilty For Failing To Return Tax Refunds; AG Announces Arrest; Commerce
  • Ohio Business: Pharmaceutical Lab Will Stay Open In Bedford; M/I Homes, Dana, Local Banks Report Finances
  • Supplemental Agency Calendar
  • Supplemental Event Planner

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