Winter Water Damage Threatens Ohio’s Wallets

The snowstorms that have covered Ohio may also present another winter-weather challenge to homeowners, as melting snow seeps into homes and causes winter water damage to personal property. Winter Storm Costs: According to the Insurance Information Institute (I.I.I.), winter storms cause an average of $1.5 billion in insured losses annually. Additionally, water and freezing accounted …

Will Car Insurance Rates Continue to Rise?

Car insurance has increasingly relied on technology more than any other segment of the industry. Insureds’ MVR (driving record) and CLUE (claims history) reports, credit-score-based pricing models, automated underwriting, multitiered pricing segmentation and usage-based insurance have all enhanced predictive modeling in the hopes of achieving consistent financial returns for insurance companies. Higher prices for consumers …