Ohio News

Ohio Workers’ Comp Bureau Caught in Pensions’ Currency Dispute

Ohio Treasurer Josh Mandel has asked for a state investigation into whether banks may have manipulated foreign exchange rates charged to Ohio pension funds and the state’s injured worker insurance, potentially costing pensioners and businesses tens of millions of dollars …

Ohio Insurance Agent’s License Revoked

Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor revoked the resident insurance agent license of Jeffrey Hum, of Toledo, Ohio, for violations of Ohio insurance law. A department review revealed that the Illinois Secretary of State issued an …

Ohio: More than 2,000 Agents, Agencies Face $21.7 Million in Tax Liens

The Ohio Department of Insurance Fraud, Enforcement and License Division, with help from Ohio Attorney General Mike DeWine’s office, has identified nearly 2,230 agents and agencies that owe the state of Ohio $21.7 million in personal income taxes, sales taxes, …

Cincinnati Financial Corp. Sees Decreased Income in Q1

Ohio-based Cincinnati Financial Corp. reported first quarter 2011 net income of $62 million compared with $68 million for the same period in 2010. Operating income came in at $55 million compared with $63 million during the first quarter last year. …

Ohio Program Finds Lost Life Insurance for Hundreds

An Ohio program begun a little over a year and a-half ago has tracked down nearly 450 lost life insurance policies, typically for families of Ohioans who have died. The successes were out of more than 680 valid requests submitted …

SIA of Northern Ohio Adds 40th Insurance Agency

SIA of Northern Ohio (SIANO) has appointed Myers-Ziemke Insurance Agency in Monroeville as its 40th member, the agency network announced. Founded by Ewers in 2001, SIANO is a master agency with The Strategic Insurance Agency Alliance (SIAA). SIAA master agencies …

Crump Hires Landry in Cincinnati, Expands National Property Practice

John Landry has joined Crump Insurance Services Inc.’s (Crump P&C) national property practice as senior vice president in Cincinnati, Ohio. This hire is part of Crump’s strategic plan to increase the depth of property specialization across its nationwide network of …

Ohio Plans May 5 Switch to Electronic Licensing System

Ohio insurance regulators will soon make a switch to an electronic system for agent licensing. Ohio Lieutenant Governor and Director of the Department of Insurance Mary Taylor said transition to the new system will begin at close of day on …

Ohio Supreme Court Allows Emotional Distress Claim in Malpractice Lawsuit

The Ohio Supreme Court has ruled that a cancer patient may pursue an emotional distress claim that alleges a faulty diagnosis let undetected cancer spread. The court upheld an appellate court decision in a lawsuit filed by Lonna Loudin in …

Ohio Non-Insured Property Exclusion Case Sent Back to Lower Court

The Supreme Court of Ohio has ruled that a trial court must reconsider arguments in a lawsuit over an exclusion in a homeowners’ insurance policy that bars coverage for claims “arising out of” premises that are owned by an insured …