Latest Ohio Headlines
All the headlines from our Ohio Topic Page, ordered by recency.
First Financial Buys Ind. Agency
Mar 10 2004 // Hamilton, Ohio-based First Financial Bancorp has purchased an insurance agency operation in Highland, Ind. The purchase arrangement was completed Feb. 1, 2004, and the agency is now operating as a full-service unit of...
Tort Reformers Look to Score in States after Washington Strikes Out
Mar 8 2004 // Last fall at a University of Virginia Law School forum on tort reform, some of the nation’s top tort experts agreed there were no easy answers on how to solve the nation’s longstanding love-hate relationship...
Ohio OKs Med-Mal Backup; Docs Complain Caps Aren’t Working
Mar 8 2004 // AP Wire Service Ohio would create an insurance company to protect doctors and hospitals should private medical malpractice insurers leave the market under a bill approved by the Senate recently. The bill, which passed...
OHIO CASUALTY LAYS OFF 260:
Mar 8 2004 // Insurer Ohio Casualty Corp. announced that its 2004 fourth-quarter profit was $27.7 million, down 5 percent from last year’s $29.1 million. Meanwhile, the Fairfield, Ohio-based company boasted that a company-wide...
People and Places
Mar 8 2004 // Frank Renfro Kokomo, Ind.-based First National Bank & Trust announced the promotion of Frank Renfro to the position of president of First National Insurance, a wholly-owned subsidiary. Renfro was promoted to the...
Ohio Med-Mal Panel to Release Interim Report
Mar 3 2004 // The Ohio Medical Malpractice Commission will hold a special meeting Friday, March 5, to finalize its interim report to the Ohio General Assembly. The commission is required to submit a final report of its findings to the...
Ohio Casualty’s Q4 Profit Down 5%; 260 Laid Off; S&P Revises to Stable
Feb 17 2004 // Insurer Ohio Casualty Corp. announced that its 2004 fourth-quarter profit was $27.7 million, down 5 percent from last year’s $29.1 million. Meanwhile, the Fairfield, Ohio-based company boasted that a company-wide...
Ohio Comp Bureau Gets 15% ROI
Feb 16 2004 // The Ohio Bureau of Workers’ Compensation (BWC) has announced a return on investment of 15.7 percent for 2003. BWC had an investment return assumption of 5.65 percent. The bureau’s rate of return for 2003 boosts...
RiskProNet Elects Robert W. Lampus President
Feb 12 2004 // Independent broker network RiskProNet International Inc. (RPNI) has named Robert W. Lampus its new president. Lampus is senior vice president and general counsel for Cleveland-based Dawson Insurance Inc. RPNI, based in...
Cincinnati Financial Announces Director Transitions
Feb 10 2004 // Ohio-based insurer Cincinnati Financial Corp. announced that two directors of the corporation and its subsidiaries will not stand for re-election at the company’s annual shareholders’ meeting on April 24,...
Ohio Casualty Signs on to SIS WebLink
Feb 2 2004 // Gahanna, Ohio-based insurance software vendor Strategic Insurance Software Inc. collaborated with Ohio Casualty Group to provide SIS WebLink real-time inquiry to their agencies using SEMCI PARTNER system. Ohio Casualty,...
Ohio’s First Woman Insurance Director Tackles Med-Mal Crisis
Jan 26 2004 // Ohio Insurance Director Ann Womer Benjamin’s first year in office since her appointment by Republican Gov. Robert Taft has been marked principally by her efforts to get a handle on the state’s medical liability...
Ohio Tort Reforms, Protecting CLUE Top Industry Agenda
Jan 26 2004 // As state legislatures kick into gear around the Midwest, securing favorable asbestos and tort reforms in Ohio, guarding Illinois’ healthy insurance climate and protecting the use of the Claim Loss Underwriting...
Ohio P/C Market Should Keep Pace With Countrywide Patterns
Jan 26 2004 // The U.S. Census Bureau’s 2000 census estimated Ohio’s population at 11.4 million. About 83 percent of the adult residents had graduated from high school and about 21 percent had earned a bachelor’s degree...
Ohio Casualty Assigned ‘A-‘ by Fitch
Jan 26 2004 // Fitch Ratings has assigned an insurer financial strength rating of ‘A-‘ to Ohio Casualty Group’s intercompany pool members. In addition, Fitch has affirmed the ‘BBB-‘ senior debt rating and...
Ohio Woman Pleads Guilty in $400,000 Fraud Case
Jan 19 2004 // Ohio Department of Insurance (ODI) Director Ann Womer Benjamin announced that Brenda Dawn Johnson, 48, of Stoutsville, Ohio, reached a plea agreement yesterday in the Fairfield County Court of Common Pleas in a $400,000...
Midwest Comp Market: Proceed With Caution
Jan 12 2004 // The workers’ compensation segment in Midwestern states is not immune to the broad trends in the line nationally — including poor combined ratios, escalating medical costs and severe underreserving — but no...
Sky Acquires Spencer-Patterson Insurance Agency
Jan 7 2004 // Bowling Green, Ohio-based banking and insurance firm Sky Financial Group Inc. has acquired Spencer-Patterson Agency, Inc. of Findlay, Ohio. Spencer-Patterson is a full-service agency that sells professional liability,...
New Med-Mal Insurer to Begin Covering Ohio in January
Dec 23 2003 // Ohio Department of Insurance Director Ann Womer Benjamin announced that OHA Insurance Solutions (OHAIS) Inc. has been licensed to begin selling medical liability coverage statewide to a limited number of physicians...
Ohio Casualty Director Resigns Due to Conflict
Dec 22 2003 // Ohio Casualty Corporation announced that Myra C. Selby, 48, of Indianapolis, Ind., has resigned from its Board of Directors, effective Friday, Dec. 19. The bulletin explained that, “Ms. Selby, who was named a...
