Ohio News

Best Affirms Liberty Mutual, Subs ‘A’ Ratings; Outlook Negative

A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Liberty Mutual Insurance Companies and Peerless Insurance Company Pool and their members, as well as UK-based Liberty Mutual Insurance …

Ohio Court Has Jurisdiction Over Non-Resident Internet Defamation Case

The Supreme Court of Ohio has ruled that an Ohio trial court may assert jurisdiction over a nonresident defendant in a defamation case involving Internet postings, according to a slip opinion released by the Supreme Court on June 10. In …

Wisconsin Court: Insurers Must Help With Fox River Paper Mill Cleanup

Two companies that once insured Appleton Papers Inc. are liable for $10 million toward the cleanup of the Fox River after a court decision on June 8, the firm’s lawyer said. The 2-1 ruling by the Wisconsin Court of Appeals …

Ohio Judge Nixes Driving Record Fee

A judge has struck down a higher motor vehicle fee charged to trucking and insurance companies, saying it violates Ohio’s constitution. Lawmakers last year raised the fee on certified copies of driving records from $2 to $5, a move intended …

Ohio: Temporary Disability Compensation Can Include Concurrent Wages

The Supreme Court of Ohio has ruled that the Industrial Commission of Ohio did not abuse its discretion in including wages from a second job to calculate an injured worker’s average and full weekly wages in determining temporary total disability …

Explosion at West Virginia Natural Gas Drilling Site Burns 7

A fireball and explosion burned seven members of a crew drilling for natural gas at an abandoned coal mine in West Virginia Monday, the second big fire at an energy formation known as the Marcellus Shale in less than a …

UK’s Griffiths, Miller; UAE’s Associated Join Assurex Global Network

Assurex Global, which is based in Columbus, Ohio, has added three new brokers to its international partnership ranks: Griffiths & Armour and Miller Insurance Services, Ltd., both from the UK, and Associated Insurance Consultants (AIC) of the United Arab Emirates. …

Ohio Revokes Insurers’ Licenses

The Ohio Department of Insurance has revoked the licenses of two troubled insurance companies: Imperial Casualty and Indemnity Co. of Oklahoma City, Okla., and Atlantic Mutual Insurance Co. (AMIC) of New York, N.Y. In March 2010, the District Court of …

Ratings Recap: Builders Group, FMH Group, MAG Mutual, Nationwide (Fla.)

A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of Builders Insurance Group and its three pooled members: Builders Insurance (A Mutual Captive …

Who’s Getting Sued in Securities Class Action Lawsuits Now?

Financial Services and Life Sciences Companies Should Be on the Lookout To find out which company will be next in line for one of these insult-to-injury lawsuits, just keep a close eye on the headlines. Securities class action lawsuits are …