Categories: Policy & Regulation, Strategy & Industry Insights, Workers' Compensation, Workers' Compensation,
File name: content-category.php

BWC Announces Lowest Rates for Public Employers Since 1983

 On October 26th, the Ohio Bureau of Workers’ Compensation (BWC) announced a 5% decrease in the average rates for public employer taxing districts. Twelve of the 14 public employer types will benefit from this decrease. While 5% is the average decrease, base rates for public libraries, joint vocational schools and special public universities will all Read More

Categories: Policy & Regulation, Strategy & Industry Insights, Workers' Compensation, Workers' Compensation,
File name: content-category.php

All Sheakley 2010 Group Retro Participants Received Better-Than-Expected Refunds

Refund checks for 2010 group retro participants have been mailed by the BWC. Sheakley is proud to report that all our clients in the program received significantly better refunds than originally projected: Commercial group — 22% more Manufacturing group — 25% more Service group — 25% more Construction group — 60% more This refund is in Read More

Categories: Policy & Regulation, Workers' Compensation,
File name: content-category.php

Private Employer Base Rates and Expected Loss Rates Get “No Change”

The BWC Board of Directors convened on Friday June 15, 2012 to unanimously approve the proposed “no change” to the Private Employer Base Rates and Expected Loss Rates recommended by BWC’s Actuarial Division. Although the overall collectible rate was approved for no change, an individual manual classification is calculated by its sole loss and payroll history. This may result in manual classifications having a rate increase, rate Read More

Categories: Policy & Regulation, Workers' Compensation,
File name: content-category.php

Ohio Safety Councils Receives A Budget Increase

BWC Administrator Steve Buehrer has approved a 10% increase in funding to maintain the 80 safety councils within Ohio. Ohio safety councils assist businesses by providing educational topics on occupational safety and health to improve the safety culture in Ohio workplaces.  The 10% approved funding increase will bring the total available safety council funds to Read More

Categories: Policy & Regulation, Workers' Compensation,
File name: content-category.php

Ohio BWC Administrative Cost Fund

The Administrative Cost Fund receives assessments from each private employer that are calculated as a percentage of the premiums paid by that employer to BWC. This assessment funds the operating expenses of the Bureau of Workers’ Compensation. A first reading with the BWC Board of Directors occurred in May 2012 to recommend a 3% decrease in the assessment for private employers for the Read More

Categories: Policy & Regulation, Workers' Compensation,
File name: content-category.php

Private Employer Ohio BWC Rates, No Change

The BWC Board of Directors approved the 2013 rate proposal on May 24, 2012, created by BWC’s Actuarial Department, to make no change to the statewide average rates for private employers for the policy year beginning July 1st.   Last year, the Board approved a 4% average rate reduction which was estimated to save private employer’s $65 million in premiums. Maintaining the average Read More

Categories: Policy & Regulation, Workers' Compensation,
File name: content-category.php

Ohio BWC Enterprise Report May 2012

On May 24th, Chief of Fiscal and Planning for BWC, Tracy Valentino, reported that BWC’s net assets increased by $201 million in April resulting in net assets of $7.2 billion at April 30, 2012. The total net assets have increased by $1.4 billion for fiscal year-to-date 2012 resulting in net assets of $7.2 billion at Read More