Ohio News

Report: February Storms in Ohio Caused More than $28M in Losses

The Ohio Insurance Institute (OII) has reported that amount of insured losses from the series of February winter storms will be at least $28.2 million, with 12,173 claims filed to-date across the state. Because some property damage has yet to …

Bill Restoring Jobless Aid, Flood Insurance Clears Senate Hurdle

A measure that would restore lapsed jobless aid for hundreds of thousands of Americans and reauthorize the federal flood insurance program cleared a hurdle in the Senate Wednesday, clearing the way for passage later in the week. By a vote …

Senate Ends Fillibuster on Jobless Benefits, Flood Insurance Program

The U.S. Senate voted Monday to end debate on a bill to extend unemployment benefits and COBRA health insurance subsidies that also includes a reauthorization of the national flood insurance program. The vote to end a Republican fillibuster was 60 …

CNA Appoints Two Branch VPs in Northeast

CNA has appointed two vice presidents in its Parsippany, N.J. and Philadelphia branches. Scott Simonson will be vice president in Parsippany. He has 17 years of insurance experience, and previously served as regional vice president for The Hartford in its …

Oklahoma Trucker Wins Great American’s 2010 ‘Big Rig Giveaway’

A single dad from Oklahoma is the latest winner of the “Big Rig Giveaway,” sponsored by Cincinnati, Ohio-based Great American Insurance Group. Ron Terrill was on the road driving for a national motor carrier when he learned he had won …

Ohio’s Central Insurance Promotes Ringwald and Jackson

Central Insurance Companies of Van Wert, Ohio, has promoted Jana L. Ringwald to vice president of Commercial Underwriting for its Central Mutual and All America subsidiaries, and Patrick J. Jackson to vice president and manager of the Central regional office …

AIG to Pay $9M in Ohio Antitrust Case

American International Group Inc. will pay $9 million to settle an Ohio antitrust lawsuit accusing it of conspiring to fix commercial casualty insurance prices. Ohio Attorney General Richard Cordray had accused AIG and other insurers of conspiring with insurance broker …

Why Keystone Insurers Expanded in Kentucky and Where It’s Going Next

Pennsylvania-based insurance agency franchisor Keystone Insurers Group has more than 200 agency owner-partners and it’s not done yet, says Colin Buzzard, Keystone’s executive vice president of sales and marketing. Currently, Keystone has agency partners in Pennsylvania, North Carolina, Virginia, Indiana …

Thompson, Gress to Retire from Ohio-based Central Insurance

Central Insurance Companies, headquartered in Ohio, has announced the retirements of Michael E. Thompson and George J.Gress effective April 9, 2010. Thompson, senior vice president of Commercial Underwriting, will retire after nearly 38 years of service with the company. He …

Lawsuit Over Ratings of Mortgage-Backed Securities Dismissed

A Manhattan federal judge threw out a class-action lawsuit accusing Moody’s Investors Service and Standard & Poor’s of defrauding investors about the safety of $63.4 billion of mortgage debt. U.S. District Judge Jed Rakoff also dismissed some claims against Bank …