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FirstEnergy customers to get refunds, after Gov Mike DeWine signs bill: Capitol Letter

FirstEnergy customers to get refunds, after Gov. Mike DeWine signs bill: Capitol Letter Updated 8:00 AM; Today 8:00 AM Facebook Share Rotunda Rumblings HB-nixed: With little fanfare, Gov. Mike DeWine on Wednesday signed House Bill 128, which repeals the cornerstone of the scandal-ridden House Bill 6: a $1 billion-plus bailout of two Northern Ohio nuclear power plants. As Jeremy Pelzer reports, HB128 also repeals an HB6 “decoupling” provision that allows FirstEnergy Corp. to collect a comparatively high amount of money from customers, as well as a separate measure making it easier for FirstEnergy to pass state limits on significantly excessive profits. Return policy: FirstEnergy says that, as a result of HB128, it will refund $26 million to customers collected under its “decoupling” policy. As Pelzer explains, the Akron-based utility said it will work with state regulators to determine how much money each customer will get, along with how and when they will get it.

Judith French Named Director of Ohio Insurance Department

CollisionWeek Judith French Named Director of Ohio Insurance Department January 22, 2021 By Judith French was named Director of Ohio Insurance Department. French brings more than 30 years of experience, and will lead the department in providing consumer protection through education and fair, but vigilant, regulation while promoting a stable and competitive environment for insurers. The former justice served on the Court for eight years until her term ended Jan.1. “I’m excited to be returning to the executive branch of Ohio and to policy making on behalf of all Ohioans,” Subscribers need to be logged in to see rest of this article. Please

Consumer group pushes for insurers to cut rates for drivers

Since the pandemic started, people have been driving less, accidents are down and auto insurers are making more money  a lot more. Now a consumer group is calling out insurers to give more money back to consumers and reduce rates. Insurance companies are taking advantage. They are getting a massive windfall from the COVID-19 pandemic, said Michael DeLong of the Consumer Federation of America. When the pandemic took hold in the spring, many insurers began giving refunds, dividends, discounts and credits. By November, insurers returned an estimated $14 billion to policyholders, according to estimates compiled by the Insurance Information Institute, an industry group.

Kate Oliphint joins Kind Columbus - Business - Columbus CEO

Kate Oliphint joins Kind Columbus - Business - Columbus CEO
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