Ohio News

Family Health Insurance Premiums Seen Rising 94% by 2020

Nationally, family premiums for employer-sponsored health insurance increased 119 percent between 1999 and 2008, and could increase another 94 percent to an average $23,842 per family by 2020 if cost growth continues on its current course, according to a new …

Major Ohio County to Offer Benefits to Workers’ Domestic Partners

One of Ohio’s largest counties plans to offer health coverage to the partners of its gay and unmarried employees. Franklin County commissioners in Columbus voted unanimously on Aug. 18 to extend domestic partner benefits beginning Jan. 1. Those eligible will …

State Auto to Sell Insurance Software Subsidiary to NuGrowth

Columbus, Ohio-based State Auto Financial Corporation, a super regional property and casualty insurance holding company, announced it will sell its Strategic Insurance Software (SIS) subsidiary to NuGrowth Solutions, a software sales and development company also headquartered in Columbus. SIS was …

State Auto Appoints Hunckler Chief Claims Officer

Stephen P. Hunckler has joined Columbus, Ohio-based State Auto Insurance Companies as chief claims officer. He succeeds John Melvin, who announced his retirement earlier this year. Hunckler was most recently executive vice president and chief claims officer at Balboa Insurance …

Ohio Places The Physicians Assurance Corporation Into Liquidation

Ohio Department of Insurance has placed The Physicians Assurance Corporation (TPAC) into liquidation. The liquidation order, which was filed Aug. 18, 2009, allows the department to take possession of the insurer’s assets and administer them under the general supervision of …

Work Hard Play Hard

Insurance Triathletes Prove their Endurance, Self-Discipline There are far easier ways to spend one’s leisure hours than slogging through tough early-morning runs, pedaling through sunburns and saddle sores and accidentally swallowing gulps of salt-, lake- or chlorinated water. But insurance …

Adeleye, Jones Elected Assistant Vice Presidents at State Auto

State Automobile Mutual Insurance Company and State Auto Property & Casualty Insurance Company, based in Columbus, Ohio, elected two new assistant vice presidents of the companies. Lawrence (Larry) A. Adeleye joined State Auto in July as director of treasury and …

New York Suit Settled against Boat Company in Capsizing

Liability claims have been settled against the tour company that arranged a fall foliage excursion in which 20 passengers were killed when their tour boat overturned on an Adirondack lake in 2005. Terms of the settlement between Shoreline Travel & …

Ohio Reaches $115M Settlement with AIG Ex-CEO Greenberg, Others

Ohio Attorney General Richard Cordray has announced an agreement in principle to settle claims against former American International Group (AIG) CEO Maurice R. “Hank” Greenberg and other AIG executives (Howard I. Smith, Christian M. Milton and Michael J. Castelli) and …

National Interstate Expands Program for Large Transportation Clients

National Interstate Insurance Company, a Richfield, Ohio-based provider of captive insurance for the transportation industry, has been expanding its Large Account Rental Captive (LARC) program. The LARC program is part of the company’s Alternative Risk Transfer component and provides an …