Insurer Ohio Casualty Corp. announced that its 2004 fourth-quarter profit was $27.7 million, down 5 percent from last year’s $29.1 million. Meanwhile, the Fairfield, Ohio-based company boasted that a company-wide efficiency initiative resulted in a layoff of 260 employees around …
The Ohio Bureau of Workers’ Compensation (BWC) has announced a return on investment of 15.7 percent for 2003. BWC had an investment return assumption of 5.65 percent. The bureau’s rate of return for 2003 boosts the five-year average rate of …
AP Wire Service Ohio would create an insurance company to protect doctors and hospitals should private medical malpractice insurers leave the market under a bill approved by the Senate recently. The bill, which passed unanimously in the House and Senate, …
AP Wire Service Innocent pleas were entered recently for Oklahoma’s insurance commissioner on felony charges of mismanaging two funds—one set up to provide continuing education for insurance agents and one established to buy shoes for poor children. Carroll Fisher, 64, …
A s I made my way around the trade show floor at the Michigan Association of Insurance Agents annual convention last week, I happened into a conversation with an agent while she flipped through the Feb. 23 edition of Insurance …
Since March is Ethics Awareness Month, this seems an appropriate time to suggest that the majority of what passes for “ethics training” is having little or no effect on individual or corporate behaviors. Case in point: Enron, which has become …
The United States Census Bureau’s Census 2000 estimated the population of the State of Virginia at 7,078,515. Approximately 82 percent of the adult residents had graduated from high school and about 30 percent had earned a bachelor’s degree or higher. …
Last fall at a University of Virginia Law School forum on tort reform, some of the nation’s top tort experts agreed there were no easy answers on how to solve the nation’s longstanding love-hate relationship with torts, but they did …
An article in the Feb. 9 issue incorrectly stated that New Jersey carriers have appointed 500,000 new agents since auto insurance reform legislation was enacted last year. Only 500 new agents have been appointed, according to the office of Gov. …
Insurance Services Office Inc.’s (ISO) A-PLUS unit has unveiled a new service insurers can use to cross-check policyholders against a U.S. Department of the Treasury master watch list to ensure that customers are not conducting business with persons and entities …
