Latest Ohio Headlines
All the headlines from our Ohio Topic Page, ordered by recency.
37 Indicted in Auto Insurance Fraud
Nov 10 2000 // An insurance fraud ring run by Ukrainian and Russian immigrants was broken up Thursday with the arrest of 22 people involved in selling cars then allegedly reporting them stolen. In all, 37 people were indicted in the...
Credit General Placed in Rehabilitation by Ohio DOI
Nov 7 2000 // Credit General Insurance Co., a property and casualty company based in Beachwood, Ohio, has been placed into rehabilitation by the Ohio Department of Insurance. The move comes after an extensive financial examination and...
Ohio Insurer to Meridian Insurance Group
Oct 27 2000 // Meridian Insurance Group will be purchased by State Auto Financial Corp. of Columbus, Ohio. The company will pay $30 a share, or more than $228 million, to buy the large Indiana insurer. The deal, announced late Wednesday,...
CDI Approves Ohio Casualty’s Prop. 103 Settlement
Oct 26 2000 // The California Department of Insurance has approved a Proposition 103 settlement with Ohio Casualty Corporation, the holding company of The Ohio Casualty Insurance Company. Under the terms of the settlement, the...
Credit General Signs Cut-Through, Resumes Writing
Oct 2 2000 // Credit General Insurance Company and Credit General Indemnity Company are back on track after a brief period in which the companies stopped writing new business. Henry C. Sibley, vice president of underwriting, sent a...
Industry Tallies Ohio Tornado Losses
Sep 28 2000 // The combined damage caused by a tornado that ripped through Xenia, Ohio Sept. 20 and storms in several other counties, has been estimated at more than $33 million in insured losses, according to the the Ohio Insurance...
Best Downgrades Credit General After Failure to File Q2 Reports
Sep 28 2000 // On Sept. 22, A.M. Best Co. downgraded the financial strength rating on Credit General Insurance Company and Credit General Indemnity Company from “B++” (Very Good) to “C” (Weak) and placed the group...
Credit General Insurance, Indemnity Enter Cut-Through Arrangement With AmTrust Financial
Sep 22 2000 // For Credit General, the arrangement provides access to additional surplus upon which to write new business, as well as the security of AmTrust’s surplus. Credit General has resumed writing new business, which it...
Old Guard Group Shareholders Approve Acquisition by Ohio Farmers
Sep 13 2000 // Old Guard Group, Inc. has received shareholder approval for its acquisition by Ohio Farmers Insurance Company. With more than 71% of the outstanding stock voting, 92% were voted in favor of the transaction. The transaction...
GEICO ADMITS OHIO VIOLATIONS
Sep 4 2000 // Maryland-based GEICO Corp. has admitted to violating Ohio’s consumer protection laws by allowing unlicensed agents to quote rates and discuss coverage information with consumers. The auto insurer agreed to pay the...
GEICO Admits Ohio Violations
Aug 18 2000 // Maryland-based GEICO Corp. said on Thursday it violated Ohio’s consumer protection laws by allowing unlicensed agents to quote rates and discuss coverage information with consumers. The auto insurer agreed to pay the...
Geico Accused of Using Unlicensed Agents in Ohio
Aug 7 2000 // Geico could lose its right to sell insurance in Ohio should charges levied by the state that the company allowed unlicensed employees to sell property and casualty coverages be upheld. At a hearing scheduled for Aug. 18,...
Ohio DOI Unveils New Online Service for Ohio Agents
Aug 4 2000 // Lee Covington, Director of the Ohio Department of Insurance, announced that a new online service provided by the Ohio Department of Insurance will help approximately 81,000 licensed Ohio insurance agents keep track of...
Structured Settlement Offers Consumer Protections
Jul 28 2000 // The National Association of Independent Insurers applauded Ohio Governor Bob Taft for signing the structured settlement law at a ceremony Thursday. NAII Counsel Robert Hurns, who attended Thursday’s ceremony, called...
Structured Settlement Offers Consumer Protections
Jul 28 2000 // The National Association of Independent Insurers applauded Ohio Governor Bob Taft for signing the structured settlement law at a ceremony Thursday. NAII Counsel Robert Hurns, who attended Thursday’s ceremony, called...
State Farm Adjusts Ohio Homeowners Rates; Estimates $7 Million in Storm Claims
Jul 18 2000 // State Farm Fire and Casualty Company has increased its statewide average rate increase by 1 percent for Ohio homeowners insurance policyholders, including renters and condominium unit owners. The new rates were implemented...
Sky Financial Completes Acquisition of Meyer & Eckenrode
Jul 14 2000 // Sky Financial Group has completed the acquisition of Meyer & Eckenrode Insurance Group, a full service insurance agency providing a wide array of property, casualty, surety, professional liability, health, life and...
Ohio Casualty Restructures Avomark, Cuts Jobs
Jun 29 2000 // Ohio Casualty Corp. is restructuring its Avomark Insurance Co. operations, which will result in cutting 114 jobs. The changes are geared to reflect the company’s new Internet-only strategy and will result in an...
Ohio Governor Signs E-Commerce Measure
Jun 19 2000 // Ohio has signed into law a measure to ensure efficiency for e-commerce business known as the Uniform Electronic Transaction Act. The legislation, patterned after the model created by the National Conference of...
Ohio Casualty on WatchNeg
May 29 2000 // The “A” counterparty credit and financial strength ratings on the group of companies known collectively as the Ohio Casualty Insurance Co. Intercompany Pool were placed on CreditWatch with negative implications...
