Householder: Budget Hole Could Be as Big as $2 Billion

Calling it a “perfect storm” of circumstance that is increasing costs for the state at the same time as state revenue is plummeting, House Speaker Larry Householder (R-Glenford) said the state budget could be as much as $2 billion short of projections by the end of the fiscal year on CONTINUE

By the Numbers: Jobs Market Shaken by COVID-19

The U.S. Bureau of Labor Statistics (BLS) recently released March unemployment figures that are trending up since the arrival of COVID-19; meanwhile, foodbanks are seeing increased demand and new clients. 7,000 – Ohio unemployment claims made during the week of March 8, 2020 through March 14, 2020. 187,000 – Ohio unemployment claims CONTINUE

State insurance Department Actions on Premium Forbearance

ALIRT has received a number of queries regarding premium forbearance actions taken by insurance companies and state insurance regulators during the current Coronavirus crisis. These calls are driven by insured’s questions/requests as well as by broker concerns around the impact any temporary forbearance might have on the financial performance of CONTINUE

License Renewal and Continuing Education Relief During COVID-19 Emergency

On Friday, March, 27, 2020 Governor DeWine signed House Bill (HB) 197 which includes many provisions intended to respond to the ongoing COVID-19 pandemic.  This Bill includes relief to insurance license-holders whose license expires during the state of emergency declared by the Governor through Executive Order 2020-01D, issued March 9, CONTINUE

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