Latest Ohio Headlines
All the headlines from our Ohio Topic Page, ordered by recency.
Ohio Casualty Corporation Announces Preliminary Estimate on Attack Losses
Sep 18 2001 // Fairfield, Ohio-based Ohio Casualty Corporation Friday announced a preliminary estimate of its expected losses resulting from the New York terrorist attack Sept.11. The estimated pre-tax cost of claims is $5 to $7 million,...
Ohio Insurance Director Orders Toledo Agency to Stop Selling Insurance
Sep 10 2001 // Ohio Department of Insurance Director Lee Covington issued a Cease & Desist Order against the Baron Insurance Agency as well as a Notice of Opportunity for Hearing to owners Matthew J. Bower and Abigail Bower, both of...
Assessing Property/Casualty Insolvency Exposure-2001 to 2002
Sep 10 2001 // There will be no more than 65 property/casualty insurance company insolvencies over the period Jan. 1, 2001, through Dec. 31, 2002, according to Demotech Inc. Demotech Inc., a Columbus, Ohio-based financial analysis and...
Ohio Agent’s License Revoked
Aug 13 2001 // Ohio Department of Insurance Director Lee Covington signed an order revoking the insurance license of Albert J. Henry of Milford (Clermont County), effective immediately. According to the Consent Order, Henry will...
Ohio Casualty Group Lowered
Aug 6 2001 // A.M. Best Co. lowered the financial strength rating of the Ohio Casualty Group, Fairfield, Ohio, from “A” (Excellent) to “A-” (Excellent). The rating applies to the five pool members led by Ohio...
Travelers to Resume Writing New Commercial Auto and Umbrella Business in Ohio
Aug 2 2001 // Travelers Insurance announced it will re-enter the Ohio insurance marketplace for new commercial auto and umbrella business with the enactment of the “Uninsured/Underinsured Motorist Availability Act of...
Ohio Governor Signs Underinsured Motorist Reforms into Law
Aug 2 2001 // Stability in Ohio’s auto insurance market is just three months away, according to the American Insurance Association (AIA). On July 31, Ohio Gov. Bob Taft signed into law SB 97, which will bring badly needed reforms...
A.M. Best Co. Lowers Rating of Ohio Casualty Group
Jul 27 2001 // A.M. Best Co. lowered the financial strength rating of the Ohio Casualty Group, Fairfield, Ohio, from “A” (Excellent) to “A-” (Excellent). The rating applies to the five pool members led by Ohio...
Storms Impact Ohio Casualty Profits
Jul 19 2001 // Losses from severe storms will cut into profits for Ohio Casualty Corp. for second-quarter earnings, increasing the loss the car, home and business insurer was slated to report for the quarter. Based in Fairfield, the...
Ohio Insurance Department Issues Suspension
Jul 5 2001 // Ohio Department of Insurance Director Lee Covington issued a suspension for the pre-licensing provider approval and WebCheck authorization of A.D. Banker and Company LLC, a pre-licensing education provider in the Buckeye...
Ohio Uninsured Motorist Reforms Advance to House Floor
Jun 28 2001 // According to the National Association of Independent Insurers (NAII), the Ohio House Insurance Committee approved legislation that repeals recent state supreme court decisions that have threatened the Ohio insurance...
Ohio Casualty Retools Company
Jun 25 2001 // In a move to jump-start its falling stock and return to the black, Ohio Casualty Corp. has unveiled a major restructuring plan. With the move, the Fairfield-based insurer saw its shares of stock vault 16 percent earlier in...
Ohio First to Adopt E-Commerce Bulletin
Jun 18 2001 // Ohio has become the first state to adopt the NAIC Electronic Commerce Bulletin. Ohio Department of Insurance Director Lee Covington made the announcement at the Electronic Commerce Symposium hosted by the Electronic...
Ohio Insurance Director Sues Credit General
Jun 14 2001 // Ohio’s Director of Insurance Lee Covington, acting in his capacity as liquidator of property and casualty insurer of Credit General Insurance Company, sued the previous owner and officers of Credit General, alleging...
Hilb, Rogal and Hamilton Moves Into Ohio Through
Jun 13 2001 // Hilb, Rogal and Hamilton Company announced yesterday that it had signed a definitive merger agreement with Berwanger Overmyer Associates (BOA), expected to be effective July 1, 2001. Terms of the stock and cash transaction...
Ohio Casualty Reorganizes
Jun 12 2001 // Ohio Casualty Corp., the parent company of a collection of auto, home and business insurers, is planning to offer early retirement to more than 300 staff–approximately 10 percent of its workforce. Ohio Casualty is...
Ohio Courses Available for Agents
May 21 2001 // The State of Ohio has given the go-ahead for a set of MindLeaders interactive online training courses which will allow insurance agents in the state to earn continuing education credits. MindLeaders, with more than 600...
Ohio Casualty Ratings Lowered
May 9 2001 // Standard & Poor’s (S&P) lowered its “BBB+” counterparty credit and financial strength ratings on American Fire & Casualty Co., Ohio Casualty Insurance Co., Ohio Security Insurance Co., and...
Ohio to Invest Millions in Railroad Improvement
May 3 2001 // The Ohio Rail Development Commission announced that the state of Ohio plans to invest approximately $350 million over the next 10 years in railroad safety. According to The Ohio Insurance Forum, the invested money will...
Ohio Casualty Names New Chairman
Apr 19 2001 // Ohio Casualty Corporation, the holding company of the Ohio Casualty Insurance Company, appointed Stanley Pontius to replace its retiring chairman, William Woodall. Pontius, a director of Ohio Casualty for over six years,...
