Workers Comp Audit Stress Reducer
Use It For Your Next Premium Audit

Ohio Monopolistic Workers Comp System Having Problems


Ohio Monopolistic Workers Comp System May Be Up For A Few Changes

Did Ohio Monopolistic BWC fail? I have posted on this one a few times in the past. As you can see from the last post, the people who suffer the most from wholesale and somewhat unfounded changes to a Workers Comp system are the premium payers.

Map of Ohio Monopolistic with night time drawing

Ohio’s state-run monopolistic system is not working that well. There have been so many cases of internal fraud and bad decisions in the last five years. The worst had to be the investment of premiums paid into gold coins.

North Dakota has experienced a huge amount of internal turmoil over the last few years. There were investigations and even arrests made on some of their employees. They ended up with a huge surplus that was likely based on improper claims denials.

Most of the once monopolistic states have failed and/or to a fully open market system. The states usually convert their monopolistic system to a private carrier, then to an open market system. These carriers usually lose a huge portion of their market share–such was the case in Nevada.

It is my prediction that all of the monopolistic state funds will convert to a private system in the future.

Update – Ohio’s BWC still provides all of the Buckeye State’s employers with Workers Compensation policies.

Why have monopolistic states been failing over the last few years? Workers Compensation insurance is based on a free-market system. Letting the government run the programs has resulted in horrendous results in some cases. Workers Comp cannot be administered like a government program.

Bottom Line – You cannot let governmental officials run the system. Their job is to monitor the Workers Comp system to make sure there is a level, legal, and fair playing field.

Also Read: Monopolistic Workers Comp States Examined Further

©J&L Risk Management Inc Copyright Notice



James J Moore - Workers Comp Expert

Raleigh, NC, United States

About The Author...

James founded a Workers’ Compensation consulting firm, J&L Risk Management Consultants, Inc. in 1996. J&L’s mission is to reduce our clients’ Workers Compensation premiums by using time-tested techniques. J&L’s claims, premium, reserve and Experience Mod reviews have saved employers over $9.8 million in earned premiums over the last three years. J&L has saved numerous companies from bankruptcy proceedings as a result of insurance overpayments.

James has over 27 years of experience in insurance claims, audit, and underwriting, specializing in Workers’ Compensation. He has supervised, and managed the administration of Workers’ Compensation claims, and underwriting in over 45 states. His professional experience includes being the Director of Risk Management for the North Carolina School Boards Association. He created a very successful Workers’ Compensation Injury Rehabilitation Unit for school personnel.

James’s educational background, which centered on computer technology, culminated in earning a Masters of Business Administration (MBA); an Associate in Claims designation (AIC); and an Associate in Risk Management designation (ARM). He is a Chartered Financial Consultant (ChFC) and a licensed financial advisor. The NC Department of Insurance has certified him as an insurance instructor. He also possesses a Bachelors’ Degree in Actuarial Science.

LexisNexis has twice recognized his blog as one of the Top 25 Blogs on Workers’ Compensation. J&L has been listed in AM Best’s Preferred Providers Directory for Insurance Experts – Workers Compensation for over eight years. He recently won the prestigious Baucom Shine Lifetime Achievement Award for his volunteer contributions to the area of risk management and safety. James was recently named as an instructor for the prestigious Insurance Academy.

James is on the Board of Directors and Treasurer of the North Carolina Mid-State Safety Council. He has published two manuals on Workers’ Compensation and three different claims processing manuals. He has also written and has been quoted in numerous articles on reducing Workers’ Compensation costs for public and private employers. James publishes a weekly newsletter with 7,000 readers.

He currently possess press credentials and am invited to various national Workers Compensation conferences as a reporter.

James’s articles or interviews on Workers’ Compensation have appeared in the following publications or websites:

  • Risk and Insurance Management Society (RIMS)
  • Entrepreneur Magazine
  • Bloomberg Business News
  • WorkCompCentral.com
  • Claims Magazine
  • Risk & Insurance Magazine
  • Insurance Journal
  • Workers Compensation.com
  • LinkedIn, Twitter, Facebook and other social media sites
  • Various trade publications


Get the latest workers' comp news FREE!

This field is for validation purposes and should be left unchanged.