Ohio News

Kisor Joins Willis Aerospace

Willis Aerospace, a division of Willis Group Holdings, has appointed Stephen Kisor to its global aviation team as executive vice president and head of the Willis Aviation office in Los Angeles. Kisor, who will be joining Willis from Aon, will …

Great American’s Environmental Division Launches New Product Line

Cincinnati, Ohio-based Great American Insurance Group’s Environmental Division has expanded its product line to include a combined general and pollution liability insurance product. This product offers cost efficient solutions to industries that have pollution exposure that is not adequately addressed …

Ohio High Court: Negligent Act Can Be ‘Occurrence’ in Some Cases

In a decision announced Aug. 4, 2009, the Supreme Court of Ohio held that when a liability insurance policy defines a covered “occurrence” as an “accident,” a negligent act committed by an insured party qualifies as an “occurrence” in cases …

Ohio Revokes Agent’s License for Falsifying CE Hours for Other Agents

The Ohio Department of Insurance has revoked the insurance education provider contract and license of an agent the department found to be falsifying continuing education credit hours for hundreds of insurance agents. George Armstrong, owner of Professional Education Corporation (P.E.C.), …

Progressive’s Olie Named President of Plymouth Rock Assurance

Northeast personal lines insurer Plymouth Rock Assurance Corp. reported that Chris Olie will assume the role of president, a position currently held by Hal Belodoff. Belodoff will become chairman of Plymouth Rock Assurance Corp. and will continue his role as …

Ohio Personal Lines Premiums Remain Lower than U.S. Average

The Ohio Insurance Institute (OII) recently reported that premiums for homeowners and auto insurance in that state remain lower than the U.S. average. On its Web site, www.ohioinsurance.org, the OII released the following information regarding Ohio’s auto and homeowners insurance …

Great American Expands Underwriting to Include Single Entity Captives

Cincinnati, Ohio-based Great American Insurance Group announced that its Alternative Markets Division has expanded its underwriting to include single entity captives. Highlights of Great American’s single entity captive model include: Target account premiums of $750,000 and higher Multi-line capabilities, including …

Ohio Insurance Department Announces Policy Staff Addition

Ohio Department of Insurance Director Mary Jo Hudson announced the addition of Melissa Kuhn Wheeler to the agency’s policy department. Wheeler has five years of experience working with the Ohio General Assembly. Most recently, she served as Legislative Liaison for …

Bank Insurance Brokerage Fee Income Up 15% in Q1

First-quarter bank holding company (BHC) insurance brokerage income of $3.03 billion was up 15.0 percent from $2.63 billion in fourth quarter 2008, which marked the lowest point of quarterly insurance income since 2005, according to the Michael White-Prudential Bank Insurance …

Top 20 Bank Holding Companies in Insurance Brokerage Fee Income

Top 20 Bank Holding Companies in Insurance Brokerage Fee Income (2008/Nationally) Rank 2008 Insurance Brokerage Fee Income Bank Holding Company Name City, State 1 $1.60 billion Wells Fargo & Co. San Francisco, Calif. 2 $1.21 billion Citigroup Inc. New York, …