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BWC Investment Portfolio Returns 12% in Fiscal Year 2010
COLUMBUS – The total investment portfolio of the Ohio Bureau of Workers’ Compensation (BWC) experienced a significant gain over the past fiscal year. Chief Investment Officer Bruce Dunn presented a report to the BWC Board of Directors that shows an unaudited portfolio net return of 12 percent - after management fees - during Fiscal Year 2010. BWC’s investment portfolio is passively invested in bonds and equities and includes the large State Insurance Fund, which funds medical and indemnity claims for Ohio injured workers. The total portfolio return was achieved through a 13-percent net return for bonds and 12.3-percent net return for equities over the period.
BWC to Offer Continuing Education Course on the Treatment of Amputees
COLUMBUS – The Ohio Bureau of Workers’ Compensation (BWC) will sponsor a continuing education course
for medical providers and other professionals on the rehabilitation process for injured workers who
have suffered the loss of a limb.
Franklin Co. Business Owner Indicted for Workers’ Comp Fraud
COLUMBUS – The owner of a Westerville (Franklin County) medical equipment supplier has been indicted on one count each of workers’ compensation fraud
and theft, both fourth-degree felonies.
BWC Drug-Free Safety Program Enrollment Period Ends June 30
COLUMBUS – Ohio’s private employers have until June 30 to sign-up for the Ohio Bureau of Workers’
Compensation’s (BWC) new Drug-Free Safety Program (DFSP).
BWC Board of Directors Sets Public Employer Ratemaking Guidelines
COLUMBUS – The Ohio Bureau of Workers’ Compensation (BWC) Board of Directors voted today to modify two
tables that impact experience-based rate adjustments for Public Employer Taxing Districts (PEC), effective
January 1, 2011. The credibility table will have maximum value of 65-percent and will have lower
eligibility requirements, allowing smaller employers to earn adjustments based on their own claim
experience. For those in group rating, the revised break-even factor table allows them to achieve a
maximum discount of 59-percent. PECs include approximately 3,900 cities, counties, villages, townships,
schools and special districts.
BWC Board of Directors Finalize Upcoming Rate Reduction
COLUMBUS – The Ohio Bureau of Workers’ Compensation (BWC) Board of Directors today approved rule changes that
support last month’s vote for a 3.9-percent overall private employer premium rate decrease for the upcoming
policy year, beginning July 1, 2010.
BWC Board of Directors to Meet Next Friday at 8 a.m.
COLUMBUS – The Ohio Bureau of Workers’ Compensation (BWC) Board of Directors will hold for its regular monthly
meeting from 8 to 10 a.m. on Friday, May 28.
Workers' comp base rates for private employers down for the third year
COLUMBUS – The Ohio Bureau of Workers’ Compensation (BWC) Board of Directors today unanimously approved an overall premium rate decrease of 3.9 percent for private employers effective July 1, 2010. The vote places 2010 private employer rates 35 percent lower than policy year 2007.
BWC Web site outage planned for this weekend
COLUMBUS – The Ohio Bureau of Workers’ Compensation (BWC) Web site, ohiobwc.com, will be unavailable this weekend as staff implements the final step of a two-year Web site server replacement project. All BWC Web services will be unavailable beginning at 6 p.m., Friday, April 30. The site is scheduled to be operational by 7 a.m., Monday, May 3.
BWC Board of Directors to Meet Next Friday at 8 a.m.
COLUMBUS – The Ohio Bureau of Workers’ Compensation (BWC) Board of Directors will meet for its regular monthly
meeting from 8 to 10 a.m. on Friday, April 30 in Room 3, Level 2 of the William Green Building, located at 30
W. Spring St., Columbus.
BWC Board of Directors Approves New Workplace Substance Abuse
Prevention Program
COLUMBUS – The Ohio Bureau of Workers’ Compensation (BWC) Board of Directors has reinforced its
commitment to the mitigation of substance abuse in Ohio workplaces with
the creation of the new Drug-Free Safety Program (DFSP). The Board voted today
to adopt the program to promote the health of Ohio’s work force and to prevent
workplace injuries attributed to use/abuse of alcohol and/or drugs. The DFSP will
be available on July 1, 2010.
BWC Board of Directors to Meet Next Friday at 8 a.m.
COLUMBUS – The Ohio Bureau of Workers’ Compensation (BWC) Board of Directors will meet for its regularly scheduled
monthly meeting from 8 to 10 a.m. on Friday, March 26 in Room 3, Level 2 of the William Green Building, located at
30 W. Spring St., Columbus.
BWC Board of Directors Review Options for Enhanced Drug-Free Safety Program
COLUMBUS – The Ohio Bureau of Workers’ Compensation (BWC) Board of Directors
received details of proposed rules for the newly developed Drug-Free Safety Program
(DFSP) designed to promote the health of Ohio’s workforce by preventing workplace
injuries attributed to the use or abuse of drugs.
Registration Open for 2010 BWC Safety Congress
COLUMBUS – Ohio employers are encouraged to register for the upcoming Ohio Safety Congress & Expo, sponsored by the Ohio Bureau of Workers’
Compensation (BWC).
Elyria Medical Consultant Sentenced to Prison for Workers’ Comp Fraud
COLUMBUS – The owner of a business that compiled medical reports for law firms representing injured workers
has been sentenced to four years in prison for workers’ compensation fraud.
BWC Board of Directors to Host Public Forum February 26
COLUMBUS – The Ohio Bureau of Workers’ Compensation (BWC) Board of Directors will hold its first public forum of the
new year from 10 a.m. to 12 p.m. on Friday, February 26 in the auditorium of the William Green Building, located at
30 W. Spring St., Columbus.
BWC Board of Directors Continues Expansion of Program Options for Ohio Employers
COLUMBUS – The Ohio Bureau of Workers’ Compensation (BWC) Board of Directors today expanded the options for
the deductible program that was put in place last year.
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