Ohio News

North Carolina Escapes Storms; Will It Escape Florida’s Insurance Woes?

Earlier in 2010, Colorado State’s Tropical Meteorology Project forecasted eight hurricanes to emerge from 15 named tropical storms in the Atlantic basin. Of those, four were forecasted to become major hurricanes. On August 29, Tropical Storm Earl was upgraded to …

Dodd-Frank Whistleblower Provisions Create Concerns, Coverage Issues

Coverage Gaps Possible With Rise in Whistleblower Claim Among the many innovations introduced in the massive Dodd-Frank Wall Street Reform and Consumer Protection Act enacted this past July are the new whistleblower provisions, designed to encourage employees and others to …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. A-Side Directors & Officers Market Detail: Great American Insurance Group’s Executive Liability Division offers A-Side …

Travelers to Offer Control of Well Coverage on an Admitted Basis

Travelers is now offering control of well coverage on an admitted basis to upstream oil and gas clients. This coverage will be immediately available on an admitted basis in 25 states, and is expected to be available in most other …

Wolfram Named President of Great American Supplemental Benefits

Great American Financial Resources named Bradley A. (Brad) Wolfram president of its Austin, Texas-based Great American Supplemental Benefits (GASB) Group. He succeeds Billy Hill, who will retire at the end of 2010. Great American Financial Resources is a member of …

Motorists Insurance Named Company of the Year by Indiana Agents Group

Motorists Insurance Co. was among those individuals and groups recognized by the Independent Insurance Agents of Indiana at the agent group’s recent annual convention. The IIAI honored Columbus, Ohio-based Motorists Insurance with its Company of the Year award. Other IIAI …

Ratings: Cherokee/Oakland, Wayne Mutual, Executive, United Fire, Mercer

A.M. Best Co. has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “a” from “a-” of Cherokee Insurance Company. In addition Best has upgraded the ICR to “bbb” from “bbb-” of …

Auto, Homeowners Insurance Costs in Ohio Well Below National Average

Ohio consumers pay $226 less for homeowners insurance than the U.S. average and nearly $167 less for auto insurance than the U.S. average, according to a report updated by the Ohio Insurance Institute (OII). The homeowners insurance average for Ohio …

Columbus, Ohio, OKs Benefits for City Workers’ Partners

Ohio’s largest city will offer domestic partner benefits to its employees a dozen years after a similar plan was canceled under public pressure. The Columbus City Council has approved health insurance coverage for the gay and unmarried partners of city …

Ohio Insurance Department Unveils New Premium Comparisons

Ohio Department of Insurance Director Mary Jo Hudson announced a new online tool designed to educate and assist Ohioans in finding auto insurance that fits their needs. The Auto Insurance Sample Premium Calculator, available at www.insurance.ohio.gov, can be used to …