Ohio News

Keystone Insurers Group Adds Miller & Miller as 23rd Ohio Partner

Keystone Insurers Group’s newest Ohio partner, Miller & Miller Inc., of Dover, has become the group’s 23rd agency in Ohio and one of 212 independent agencies in six states that comprise and own Keystone. Established in 1946, Miller & Miller …

Cincinnati Bengals Partnering with Nationwide Insurance on Growl-Off

Cincinnati Bengals fans will soon know who has the World’s Greatest Bengals Growl, in a first-of-its-kind contest outside Paul Brown Stadium this season. It’s just one element of the new partnership between Columbus, Ohio-based Nationwide Insurance and the Cincinnati Bengals. …

Former Ohio Insurance Agent Indicted on Theft Charges

Ohio Department of Insurance Director Mary Jo Hudson announced that Michael Cox of Powell, Ohio, has been indicted by a Franklin County grand jury on ten counts of felony theft. A department investigation revealed Cox had continued to accept insurance …

Florida Orders Halt to Sale of Warranty Products

Florida Insurance Commissioner Kevin McCarty today announced the Office of Insurance Regulation (Office) has issued an order to Auto Repair Warranty Inc. (ARW), Auto Repair Group LLC (ARG) and Michael R. Petruziello to Cease and Desist selling unauthorized motor vehicle …

Great American Unveils Commercial Surety Online Underwriting System

The Bond Division of Great American Insurance Group, headquartered in Cincinnati, Ohio, announced the launch of mySurety, a commercial surety online underwriting and bond issuance system, a Web-based platform for agents to manage their commercial surety business. Great American’s mySurety …

Texas Commissioner Orders $551K in Fines and Restitution in June

Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during June 2010 included four license revocations, three license denials, and fines and restitution totaling $551,012. Copies of Geeslin’s orders may be obtained by contacting TDI’s Public Information …

State Auto Reports Net Loss of $26.2M in Q2 2010

State Auto Financial Corp. has reported a second quarter 2010 net loss of $26.2 million versus a net loss of $3.2 million for the second quarter of 2009. State Auto’s combined ratio for the quarter was 115.2 versus 110.6 for …

Supreme Court Decision Limits Non-U.S. Companies’ Exposure to U.S. Securities Litigation

Securities lawsuits against BP and Toyota may be substantially narrowed, thanks to a recent Supreme Court decision. On June 24, 2010, in a long-awaited decision that will affect the circumstances under which non-U.S. companies can be sued under U.S. securities …

Ohio Auto, Homeowners Insurance Rates Increase in 2009 The average rates for the top 10 homeowners insurance providers in Ohio increased by 9.7 percent in 2009, according to the Ohio Department of Insurance. The average rates for the state’s top …

People

Stephen M. Franz was named senior vice president of Dallas-based managing general agency and wholesale broker Capstone Underwriters LLC. Franz has been with Capstone since 2004. Prior to Capstone, he held positions at all levels of the property/casualty insurance industry …