May 10, 2012
Insurance wholesaler and managing general agency, Black/White Associates of Louisiville, Ky., announced it has partnered with Stoermer Insurance Services located in Dayton Ohio. The transaction is effective May 1, 2012. In business since 1968 and owned by Al and Ed …
May 10, 2012
USI Insurance Services announced it has closed on the acquisition of certain assets of Toledo, Ohio-based National Insurance Specialists (NIS). The acquisition is expected to contribute approximately $1.6 million in revenues to USI on an annual basis. Terms of the …
May 9, 2012
National Interstate Corp., headquartered in Richfield, Ohio, reported 2012 first quarter gross premiums written of $130.2 million and net after-tax earnings from operations of $8.6 million or $.44 per share. Gross premiums written decreased 3 percent compared to the 2011 …
April 26, 2012
A proposal to regulate ownership of lions, monkeys and other dangerous exotic animals in Ohio cleared a state legislative panel on April 25 and was headed to the full Senate for an afternoon vote. The state Senate’s agriculture panel unanimously …
April 20, 2012
Ohio lawmakers considering regulations on exotic animals have eased proposed rules for snakes and decreased requirements for property warning signs as part of two dozen changes to the bill. Boa constrictors were removed from the suggested list of restricted species …
April 12, 2012
Close to 3,000 medical professional liability claims were closed in Ohio in 2010, regulators report. The Ohio Department of Insurance’s annual Ohio Medical Professional Liability Closed Claim Report for 2010 showed a total of 2,988 medical professional liability claims were …
April 11, 2012
Reports show an increase in 2011 in the amount of drowsy Ohio drivers who were involved in crashes, but fewer fatalities. WBNS-TV in Columbus reported that highway patrol statistics show there were 3,403 crashes involving sleepy drivers in 2011, compared …
April 6, 2012
A.M. Best Co. has upgraded the issuer credit rating (ICR) to “bbb+” from “bbb” and affirmed the financial strength rating of B++ (Good) of Club Insurance Co. (Club) in Worthington, Ohio. The outlook for all ratings is stable. The ratings …
April 3, 2012
State Automobile Mutual and State Auto Property & Casualty Insurance Cos. have named a number of associates officers of the companies. Scott Jones, vice president, chief investment officer, started with State Auto in 1989 and previously served as a portfolio …
March 26, 2012
Demographic shifts have left Ohio with one of the oldest workforces in the country and too few younger workers to replace aging baby boomers as they retire. It’s a situation that has led many analysts to predict labor shortages and …