UPDATE: Judge OKs Settlement, Ends Ohio Workers Comp Case

By: The Associated Press Email
By: The Associated Press Email

UPDATE 7/24/2014 3:10 PM

COLUMBUS, Ohio (AP) - A judge approved a lawsuit settlement that will see the Ohio Bureau of Workers Compensation paying out $420 million to state employers that were overcharged for insurance premiums.

Cuyahoga County Judge Richard McMonagle tells The Associated Press the settlement he approved Thursday "is good for the workers."

The settlement ends a class-action lawsuit that dragged on for years. It creates a fund to repay businesses that were overcharged for workers compensation premiums from July 2001 to June 2009. More than 200,000 small business owners in the state were affected.

An earlier court ruling said Ohio's state insurance fund for injured workers set up an illegal rating system that resulted in employers being overcharged nearly $860 million.

Both sides said they were satisfied with the settlement.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


COLUMBUS, Ohio (AP) - The director of the state insurance fund for injured workers says he's disappointed with an appeals court decision that says the fund overcharged employers by hundreds of millions of dollars.

Steve Buehrer, Ohio Bureau of Workers' Compensation administrator and CEO, says the agency is considering its options.

Buehrer said Friday he's pleased the court recognized that many businesses benefited from a program that put companies in group rating plans.

The 8th Ohio District Court of Appeals on Thursday called the plans an illegal rating system that resulted in employers being overcharged nearly $860 million over several years.

The court's unanimous ruling affects about 270,000 mostly small-business owners who were charged unfair premiums from July 2001 to June 2009.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


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