Live Insurance News

Homeowners insurance price rising higher in Ohio

August 23, 2013August 20, 2013 G. Turner

The state that has previously experienced low auto will also see higher premiums in that sector. According to the latest auto and homeowners insurance data that has been released from the Ohio Department of Insurance, the price of both of those forms of coverage is on the rise, despite the fact that this state is known for its low rates. There was an average increase of 4.1 percent among the leading 10 private passenger auto insurer groups. Moreover, among homeowners insurance groups, the increase in Ohio was an average of…

Flood insurance may not be the best solution in Ohio

June 19, 2013June 17, 2013 Marc

Ohio lawmakers look for alternative to flood insurance In light of recent flooding disasters, as well as major natural disasters in general, state officials throughout the U.S. are beginning to take measures to mitigate the country’s exposure to these catastrophes in the future. In Ohio, lawmakers are beginning to push more aggressively for federal funding that could help bolster the state’s defenses against floods. State officials claim that flood insurance is simply not enough of a safety net for homeowners that could fall victim to flood disasters. Insurance may not…

Homeowners insurance in Ohio among the cheapest

February 8, 2013April 30, 2013

The state’s auto coverage is also considered to be among the most affordable in the country. Mary Taylor, the Ohio Lieutenant Governor and the director of the Department of Insurance, has recently announced that the auto and homeowners insurance premiums within the state are yet again some of the lowest in the country. In her statement, she said that the marketplace in the state continues to offer favorable premiums. Taylor explained that “Ohio’s competitive insurance market continues to provide consumers with choice and lower insurance premiums compared to the rest…

Ohio insurance shows that its rates in many sectors are highly affordable

September 18, 2012June 11, 2013 H. Cutner

A recent study compares auto and homeowner policies over a span of three years. Though the storms that Ohio has faced over the last few years have made insurance news in their ever increasing effect on rates, despite the rises in premiums, the state is still among the most affordable places to purchase both auto and homeowners coverage. Homeowners premiums have risen in Ohio by an average of 6,2 percent since 2011. This, according to the latest Ohio Department of Insurance news data. Similarly, statistics from that department have also…

Ohio home to some of the lowest insurance rates in the country

August 31, 2012August 31, 2012 S.Vagus

Department of Insurance releases report on insurance rates The Ohio Department of Insurance has released a new report that shows that the state boasted of some of the lowest homeowners and auto insurance rates in the country. The agency compiles data concerning homeowners and auto insurance rates every year and provides information concerning how the state ranks with others on the matter of premiums. According to the report released by the agency, Ohio is home to the 10th lowest auto insurance and 6th lowest homeowner’s insurance rates based on 2011…

Homeowners insurance rates spike following severe storms

July 17, 2012April 30, 2013

Ohio weather has caused the price of coverage to climb by 40 percent in 7 years. Residents of Ohio have been watching their homeowners insurance rates steadily climb from 2003 through 2010, and this trend is expected to continue onward following a series of severe weather events. The 40 percent increase is only the beginning of the growing prices for that state. The continuing increases in homeowners insurance premiums came in a time when Ohio held the ninth place position in the country for disaster damage claims. This position was…

Ohio earthquakes may be linked to fracking – Department of Natural Resources to investigate

January 4, 2012January 4, 2012 S.Vagus

A string of earthquakes have led Ohio officials to put a halt to controversial “fracking” operations that are scattered throughout the state. Fracking is the process of drilling deep into the earth to extract gas from shale, a fine grained sedimentary rock. The wells drilled into the earth are often filled with brine water in order to draw the gas to the surface. Some claim that the pressure from these water injections into the well is the cause behind the earthquakes. Most of the quakes rocking the state have been…