Latest Ohio Headlines
All the headlines from our Ohio Topic Page, ordered by recency.
Ohio Tort Reforms, Protecting CLUE Top Industry Agenda
Jan 26 2004 // As state legislatures kick into gear around the Midwest, securing favorable asbestos and tort reforms in Ohio, guarding Illinois’ healthy insurance climate and protecting the use of the Claim Loss Underwriting...
Ohio P/C Market Should Keep Pace With Countrywide Patterns
Jan 26 2004 // The U.S. Census Bureau’s 2000 census estimated Ohio’s population at 11.4 million. About 83 percent of the adult residents had graduated from high school and about 21 percent had earned a bachelor’s degree...
Ohio Casualty Assigned ‘A-‘ by Fitch
Jan 26 2004 // Fitch Ratings has assigned an insurer financial strength rating of ‘A-‘ to Ohio Casualty Group’s intercompany pool members. In addition, Fitch has affirmed the ‘BBB-‘ senior debt rating and...
Ohio Woman Pleads Guilty in $400,000 Fraud Case
Jan 19 2004 // Ohio Department of Insurance (ODI) Director Ann Womer Benjamin announced that Brenda Dawn Johnson, 48, of Stoutsville, Ohio, reached a plea agreement yesterday in the Fairfield County Court of Common Pleas in a $400,000...
Midwest Comp Market: Proceed With Caution
Jan 12 2004 // The workers’ compensation segment in Midwestern states is not immune to the broad trends in the line nationally — including poor combined ratios, escalating medical costs and severe underreserving — but no...
Sky Acquires Spencer-Patterson Insurance Agency
Jan 7 2004 // Bowling Green, Ohio-based banking and insurance firm Sky Financial Group Inc. has acquired Spencer-Patterson Agency, Inc. of Findlay, Ohio. Spencer-Patterson is a full-service agency that sells professional liability,...
New Med-Mal Insurer to Begin Covering Ohio in January
Dec 23 2003 // Ohio Department of Insurance Director Ann Womer Benjamin announced that OHA Insurance Solutions (OHAIS) Inc. has been licensed to begin selling medical liability coverage statewide to a limited number of physicians...
Ohio Casualty Director Resigns Due to Conflict
Dec 22 2003 // Ohio Casualty Corporation announced that Myra C. Selby, 48, of Indianapolis, Ind., has resigned from its Board of Directors, effective Friday, Dec. 19. The bulletin explained that, “Ms. Selby, who was named a...
Ohio Moves Closer to Asbestos Reform
Dec 12 2003 // The Alliance of American Insurers is encouraging Ohio lawmakers to seize the momentum and act quickly on legislation dealing with tort reform and asbestos litigation reform. The Ohio House on Thursday approved HB 292,...
Cincinnati Financial Corp. Notes Status of Ohio UM/UIM Reserves
Dec 12 2003 // Cincinnati Financial Corporation announced that the Ohio Supreme Court’s recent reversal of its Scott-Pontzer decision could result in the release of approximately $75 million in uninsured motorist/underinsured...
Best Affirms Ohio Casualty
Dec 9 2003 // A.M. Best Co. has affirmed Cincinnati-based Ohio Casualty Group’s financial strength rating of “A-” (excellent). Best also affirmed the debt rating of “bbb-” of Ohio Casualty Corp.’s...
Ohio Director Wants $12 Million for Med Mal JUA
Dec 3 2003 // Ohio Insurance Director Ann Womer Benjamin testified today before the state’s House Insurance Committee to advocate for changes that would protect $12 million for medical malpractice initiatives and provide the...
ProCentury Corp. Names Former Congressman as New Chairman and CEO
Nov 20 2003 // Ohio-based ProCentury Corporation, the parent company of Century Insurance Group, announced that Edward Feighan has been named the company’s chairman and CEO. Feighan is an investor, entrepreneur and former Cuyahoga...
Ohio Casualty Group Implements AMS’s TransactNOW
Nov 20 2003 // Fairfield, Ohio-based Ohio Casualty Group (OCG) has announced that real-time billing and claim inquiries are now available to its independent agencies through TransactNOW from AMS Services Inc. TransactNOW was introduced...
Ohio Casualty’s 3Q Nets $17.2 Million
Nov 7 2003 // Fairfield-based insurer Ohio Casualty Corp posted a third-quarter profit of $17.2 million, or 28 cents per diluted share, compared with a year-ago net loss of $69.9 million, or $1.15 per diluted share. Across all lines,...
Alliance: Ohio Top Court Gets It Right on Commercial Auto Cover
Nov 6 2003 // A decision by the Ohio Supreme Court to overturn its own previous ruling on commercial auto insurance coverage has finally corrected an injustice in the legal system, according to the Alliance of American Insurers. The...
Is Late Notice Ever a Defense in Texas’
Oct 20 2003 // The notice condition in general liability policies requires that the insured provide the insurer with timely notice of any potential occurrence and the receipt of suit papers. Failure to give proper notice of either of...
Ohio DOI Moves Health Fraud, Insolvency Bills
Oct 2 2003 // Ohio Department of Insurance Director Ann Womer Benjamin announced that two Department initiatives designed to protect residents from fraudulent health insurance policies and to simplify liquidation proceedings involving...
Ohio Casualty Estimates $9 Million Isabel Loss
Sep 26 2003 // Insurer Ohio Casualty Corp. announced that third quarter earnings will be impacted by net catastrophe losses estimated at $16 million before tax which were incurred during the period July 1 through Sept. 24. About $9...
Ohio Casualty Receives Applied Systems Awards
Sep 17 2003 // Ohio Casualty Group (OCG), based in Fairfield, received the 2003 Interface Best Practices Award from Applied Systems Inc. OCG was among 15 insurance carriers to be formally recognized at the September Applied Systems...
