Ohio News

Nationwide Insurance Reports Net Income of $975M

Columbus, Ohio-based Nationwide Insurance has reported that consolidated net operating income through September 30 was up 39 percent to $975 million. That is compared to $702 million in the first three quarters of 2009. The increase was due to lower …

Iowa Joins States Barring Activities of Former U.S. Fidelis Owners

Attorney General Tom Miller and ten other state attorneys general, have obtained judgments against the owners of a former Missouri company, barring them from ever again selling auto service contracts or engaging in telemarketing in Iowa and the other states. …

Ohio Workers’ Compensation Bureau Manager Quit Amid Ethical Questions

A manager at Ohio’s insurance fund for injured workers has resigned amid ethical questions about whether his private side business benefited from connections he made while on the state payroll. Documents provided to The Associated Press through a public records …

Pennsylvania Woman Sues Gas Driller, Claims Water Tainted

A Pennsylvania woman is suing natural gas driller Chesapeake Energy Corp. and two of its subsidiaries, claiming that drilling near her rural home has fouled the water with methane and other pollutants and created a rash of health problems since …

Business Moves

AIM, Quincy Mutual A.I.M. Mutual Insurance Cos. and Quincy Mutual Group will join forces to create the Commercial Solutions Underwriting Alliance, a business arrangement designed to meet the commercial lines product needs of small to medium-sized employers in Massachusetts A.I.M. …

Elections Stir Up Political Mix in Midwest

Republicans made big gains across the United States – and the Midwest was no exception – in the November 2 midterm elections. Across the country, GOP gains gave the party its largest number of seats in state legislatures since the …

Business Moves

Ohio Mutual, Casco Indemnity Ohio Mutual Insurance Group (OMIG) agreed to acquire N.E. Corp. and its wholly-owned subsidiary Casco Indemnity Co., a property and casualty insurer located in Saco, Maine. The transaction is expected to be completed by the end …

Declarations

Too Long to Wait “Four years is too long a period to wait when you know what is going on is just not right and not correct. … Anywhere else in business they’d kick a guy out on the street …

Why Private Companies Should Buy D&O Insurance

Broad Coverage, Relatively Low Cost, Innovative Programs Available Most public companies don’t need to be persuaded that their company needs directors and officers insurance. However, the matter is viewed differently by some private company managers, particularly those at very closely …

Republicans Control State Houses

Republicans were not only victorious in the U.S. House but also in state houses across the country. The Nov. 2 election gave the GOP its largest number of seats in state legislatures since the Great Depression, according to the National …