A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of “aa” of Cincinnati, Ohio-based standard market property/casualty group, The Cincinnati Insurance Companies (CIC) and its members. A.M. Best also has affirmed …
A former clinical counselor in the Finlay, Ohio-area has pled guilty to insurance fraud. Authorities say John Blain Frankenburg, also known as Blain J. Frankenburg, fraudulently billed two insurance companies more than $82,500. Ohio Department of Insurance Director Mary Jo …
Within hours of President Barack Obama signing into law last March the healthcare reforms he had championed, several states filed lawsuits challenging the constitutionality of new requirements, including one that individuals buy health insurance. Most legal scholars expect one of …
The wholesale brokerage unit of Pat Ryan’s Ryan Specialty Group LLC, has acquired one of the nation’s largest executive and professional liability intermediary specialists. R-T Specialty LLC acquired Bloomfield, Conn.-based Oakbridge Insurance Services LLC, an insurance intermediary focused exclusively on …
Merger and acquisition (M&A) activity between July and September was robust making the third quarter the most active with 61 deals versus 36 last year. Deal volume for the first nine months is up 28 percent from the same 2009 …
A federal judge has awarded $15 million to the family of one of four people killed in a 2005 crash on the Indiana Toll Road caused by a truck driver. District Judge Theresa Springmann found Net Trucking of Burbank, Ill., …
Cincinnati, Ohio-based Great American Insurance Group’s Property and Inland Marine Division has promoted two insurance executives: Grace Thomas and Cecil Wilson. Thomas was promoted to divisional senior vice president, with responsibility for the Northeast area of the United States with …
Massachusetts agency Provider Insurance has hired Sharon Cardoso as personal lines account manager. She will be responsible for acquiring new clients and expanding existing client accounts in the personal lines division which includes managing auto, home and umbrella policies in …
$5.25 Million The city of Barberton, Ohio, has agreed to pay $5.25 million to settle a civil lawsuit filed by a man wrongfully imprisoned for rape and murder, its law director said. The Associated Press reported that a settlement was …
Beginning Jan. 1, 2011, the Ohio Department of Insurance will require fees for rate, rule and form filings be filed via the System for Electronic Rate and Form Filings (SERFF) Electronic Funds Transfer (EFT), Ohio Department of Insurance Director Mary …
