Ohio News

Texas Approves 13 Companies to Self-Insure for Workers’ Comp

The Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) approved the renewal of the Certificates of Authority for 13 companies to self-insure for workers’ compensation claims for a one-year period under the TDI-DWC Self-Insurance Regulation program. These 13 companies …

Ohio Senator Wants to Eliminate Workers’ Comp Insurance for Illegals

A Republican state senator in Ohio wants to prohibit the nation’s largest state-run injured worker insurance program from providing benefits to illegal immigrants, a change he said should lower business premiums. State Sen. Bill Seitz of Cincinnati said he was …

Insurance Agent Accused of Peeping Pleads Not Guilty

An Illinois insurance executive accused of secretly making nude videos of ESPN reporter Erin Andrews pled not guilty during his arraignment in a Los Angeles federal courtroom on Monday. Michael Barrett is charged with one count of interstate stalking. The …

Indiana Agents Group Names State Auto Company of the Year

Columbus, Ohio-based State Auto Insurance Group has been named 2009 Company of the Year by the Independent Insurance Agents of Indiana (IIAI). According to the IIAI, this award recognizes the company that most demonstrates a strong commitment to the independent …

Ohio AG Sues National Ratings Agencies Over Securities Information

Ohio Attorney General Richard Cordray has filed a lawsuit against national securities and credit ratings agencies Standard & Poor’s, Moody’s and Fitch over what the AG’s office called “false and misleading” securities information. The lawsuit, filed in United States District …

New Insurance Program for Amusement Rental Industry Now Available

Cleveland, Ohio-based Allegiant Programs Group has launched Amusement Insurance Resources, a national specialty insurance program serving the amusement rental industry. All lines coverage is written on an admitted and non-admitted basis in all 50 states through a carrier rated A …

Marsh & McLennan Settles Pension Plans’ Suit for $400 Million

Insurance broker Marsh & McLennan Cos. Inc. will pay $400 million as part of a class action settlement filed five years ago by state pension plan administrators in New Jersey and Ohio in connection with a probe of the company’s …

It Figures

$3 Million Officials in North Dakota’s Cavalier County estimate nearly $3 million worth of damage in their county from last spring’s flooding. Cavalier County Highway Supervisor Terry Johnston says the damage is spread countywide. He said most of it involves …

Business Moves

BB&T, Oswald Trippe Raleigh, North Carolina-based BB&T Insurance Services, the nation’s seventh largest insurance broker, said it has expanded its southwest Florida operation with the acquisition of Oswald Trippe and Co. Inc. of Fort Myers. Terms were not disclosed. In …

States Back Federal Role in Insuring Natural Catastrophes

After Decades of Discussion, States Adopt 3-Tired Plan Though it may seem like the debate over the creation of a national catastrophe insurance plan is a relatively recent phenomenon, the National Association of Insurance Commissioners actually began addressing the issue …