Latest Ohio Headlines
All the headlines from our Ohio Topic Page, ordered by recency.
Ohio Moves Closer to Asbestos Reform
Dec 12 2003 // The Alliance of American Insurers is encouraging Ohio lawmakers to seize the momentum and act quickly on legislation dealing with tort reform and asbestos litigation reform. The Ohio House on Thursday approved HB 292,...
Cincinnati Financial Corp. Notes Status of Ohio UM/UIM Reserves
Dec 12 2003 // Cincinnati Financial Corporation announced that the Ohio Supreme Court’s recent reversal of its Scott-Pontzer decision could result in the release of approximately $75 million in uninsured motorist/underinsured...
Best Affirms Ohio Casualty
Dec 9 2003 // A.M. Best Co. has affirmed Cincinnati-based Ohio Casualty Group’s financial strength rating of “A-” (excellent). Best also affirmed the debt rating of “bbb-” of Ohio Casualty Corp.’s...
Ohio Director Wants $12 Million for Med Mal JUA
Dec 3 2003 // Ohio Insurance Director Ann Womer Benjamin testified today before the state’s House Insurance Committee to advocate for changes that would protect $12 million for medical malpractice initiatives and provide the...
ProCentury Corp. Names Former Congressman as New Chairman and CEO
Nov 20 2003 // Ohio-based ProCentury Corporation, the parent company of Century Insurance Group, announced that Edward Feighan has been named the company’s chairman and CEO. Feighan is an investor, entrepreneur and former Cuyahoga...
Ohio Casualty Group Implements AMS’s TransactNOW
Nov 20 2003 // Fairfield, Ohio-based Ohio Casualty Group (OCG) has announced that real-time billing and claim inquiries are now available to its independent agencies through TransactNOW from AMS Services Inc. TransactNOW was introduced...
Ohio Casualty’s 3Q Nets $17.2 Million
Nov 7 2003 // Fairfield-based insurer Ohio Casualty Corp posted a third-quarter profit of $17.2 million, or 28 cents per diluted share, compared with a year-ago net loss of $69.9 million, or $1.15 per diluted share. Across all lines,...
Alliance: Ohio Top Court Gets It Right on Commercial Auto Cover
Nov 6 2003 // A decision by the Ohio Supreme Court to overturn its own previous ruling on commercial auto insurance coverage has finally corrected an injustice in the legal system, according to the Alliance of American Insurers. The...
Is Late Notice Ever a Defense in Texas’
Oct 20 2003 // The notice condition in general liability policies requires that the insured provide the insurer with timely notice of any potential occurrence and the receipt of suit papers. Failure to give proper notice of either of...
Ohio DOI Moves Health Fraud, Insolvency Bills
Oct 2 2003 // Ohio Department of Insurance Director Ann Womer Benjamin announced that two Department initiatives designed to protect residents from fraudulent health insurance policies and to simplify liquidation proceedings involving...
Ohio Casualty Estimates $9 Million Isabel Loss
Sep 26 2003 // Insurer Ohio Casualty Corp. announced that third quarter earnings will be impacted by net catastrophe losses estimated at $16 million before tax which were incurred during the period July 1 through Sept. 24. About $9...
Ohio Casualty Receives Applied Systems Awards
Sep 17 2003 // Ohio Casualty Group (OCG), based in Fairfield, received the 2003 Interface Best Practices Award from Applied Systems Inc. OCG was among 15 insurance carriers to be formally recognized at the September Applied Systems...
Ohio Pol Won’t Return PIE Donations
Aug 26 2003 // Ohio Sen. George Voinovich will not return the $85,000 now-bankrupt PIE Mutual Insurance co-founder and convicted fraudster Larry Rogers donated to his campaign, according to the Associated Press. PIE, once a leading...
Ohio Casualty Appoints New Director to its Board
Aug 25 2003 // Fairfield, Ohio-based insurer Ohio Casualty Corp. has appointed Myra C. Selby a member of its board of directors. Selby, 48, is a partner in the business section of IceMiller, Legal and Business Advisors in Indianapolis,...
Assurex Global Names New CEO
Aug 13 2003 // Columbus, Ohio-based brokerage and risk-management firm Assurex Global announced the appointment of central Ohio’s James R. Hackbarth as CEO. Hackbarth takes the helm immediately. Hackbarth brings to Assurex Global...
Ohio Casualty’s Earnings Down $2.1 Million From Year Ago
Aug 8 2003 // Fairfield, Ohio-based carrier Ohio Casualty Corp. announced second-quarter net income of $11 million, or 18 cents per diluted share, down from a year ago’s $13.1 million, or 21 cents per diluted share. The company...
Ohio DOI to Check Insurers on Scoring
Aug 4 2003 // The Ohio Department of Insurance will conduct a review of Ohio insurance companies to inquire about the industry’s current use of credit scoring and how companies are moving toward complying with a new regulation...
Sky Acquires Insurance Buyers’ Service
Jul 9 2003 // Bowling Green, Ohio-based Sky Financial Group Inc. has acquired Insurance Buyers’ Service Agency Inc. (IBS) of Boardman, Ohio. IBS is an agency that sells professional liability, personal and commercial insurance....
Ohio DOI Investigation Led to Indictment of Credit General CEO
Jun 27 2003 // An investigation initiated by the Ohio Department of Insurance led to a 16-count federal indictment yesterday of Robert J. Lucia, former CEO of Beachwood, Ohio-based Credit General Insurance Co., for alleged bank fraud,...
Ohio Indemnity Elects New Officers
Jun 18 2003 // Ohio Indemnity Co., a wholly-owned subsidiary of Bancinsurance Corp. announced the promotion of Daniel J. Stephan to senior vice president of marketing and Thomas F. Ryan to assistant vice president of claims. Stephan has...
