Latest Ohio Headlines
All the headlines from our Ohio Topic Page, ordered by recency.
Ohio Commish Orders Unlicensed Insurers to Stop Doing Business
May 23 2003 // Ohio Insurance Director Ann Womer Benjamin ordered International Water Marine Safety Foundation and North American Marine General Insurance Co. to stop writing insurance policies in Ohio. The property and casualty insurers...
Ohio Casualty Corp. Notes Storms Impact Q2 Earnings
May 15 2003 // Ohio Casualty Corporation announced that second quarter earnings will be impacted by net catastrophe losses estimated at $12 million before tax which were incurred during the period April 1 though May 11,...
Ohio Woman Indicted for Fraud Allegedly Netted $300,000
May 14 2003 // Recent investigations conducted by the Ohio insurance department’s fraud unit have led to three indictments of Ohioans attempting to defraud insurance companies, according to a statement released by insurance...
Ohio Casualty Files $500 Million Shelf Registration
May 12 2003 // Ohio Casualty Corp. filed a shelf registration statement with the Securities and Exchange Commission to sell up to $500 million of securities, including stock or debt, for general purposes. The Fairfield, Ohio-based...
Ohio Casualty 1stQ Profit Down 26% From Year Ago
May 9 2003 // Ohio Casualty Corp. announced first-quarter net income of $19.9 million, or 33 cents per share, down 26 percent from $26.9 million, or 44 cents per share a year ago. CEO Dan Carmichael blamed the results on catastrophe...
Ohio Commissioner Delivers Med Mal Report
May 2 2003 // The Ohio Department of Insurance has delivered the final report addressing the feasibility of a patient compensation fund to Gov. Bob Taft, the Speaker of the House, President of the Senate, and the committee chairs...
S&P’s Affirms Ohio Casualty ‘BBB’ Ratings
May 1 2003 // Standard & Poor’s Ratings Services said today that it affirmed its “BBB” counterparty credit and financial strength ratings on American Fire & Casualty Co., Ohio Casualty Insurance Co., Ohio...
Ohio Casualty Announces Range of Expected First Quarter Earnings
Apr 28 2003 // Ohio Casualty Corp., the holding company for Ohio Casualty Insurance Co., expects to report net income per share of 31 to 35 cents for the first quarter 2003. This net income per share estimate includes about 21 cents per...
Fed Court Says Non-Ohio Carriers Not Bound by Scott-Pontzer
Apr 23 2003 // A federal court has ruled that insurance carriers not domiciled in Ohio are not bound by a state Supreme Court decision which held that corporate uninsured motorist policies extend to employees and their private...
Ohio Casualty Elects New Directors to Board
Apr 17 2003 // Fairfield-based Ohio Casualty Corp. has added two members to its board of directors: William P. Boardman and Robert A. Oakley. Boardman, 61, a native of Columbus, Ohio, is a retired executive of Bank One Corporation. At...
Ohio Commish Orders Company to Stop Unlicensed Activity in State
Apr 15 2003 // Ohio Department of Insurance Director Ann Womer Benjamin today ordered First Actual American Insurance Company (FAAIC) to cease and desist its illegal operation in the state of Ohio. The order alleges that the Canby,...
Progressive Steps Up Claims Service
Apr 9 2003 // Leading auto insurer Progressive Insurance Co., well known for its claims service, is now stepping up that service to the next level, according to a statement released by the company. The Mayfield Village, Ohio-based...
Ohio Casualty Will Webcast Annual Meeting
Apr 7 2003 // Ohio Casualty Corp will Webcast its annual shareholder meeting. The meeting will be held at 10:30 a.m., April 16, in the Ohio Casualty University Auditorium at the company’s Fairfield, Ohio, corporate headquarters,...
Ohio Casualty Installs Mitchell’s Web-Based Claims Software
Apr 1 2003 // The member companies of Ohio Casualty Group (OCG) are installing Mitchell International Inc.’s Web-based claims workflow solution for auto physical damage claims. OCG’s choice, part of the eMitchell solutions...
NAII: Ohio Industry Critic’s Report on Credit Scoring Misleading
Mar 31 2003 // A report released this month regarding Ohio insurers’ use of credit-based insurance scores incorrectly asserts that such scores intentionally and unfairly create a disproportionate impact on minority and low-income...
Does the economy drive sub-standard automobile insurance in California’
Mar 24 2003 // Have we finally arrived at the point where the economy is a critical factor in personal automobile insurance? Not quite but it is my opinion that we are closing in. Although insurance company annual statements do not...
Medical Justice Introduces Countersuit Malpractice Policies in N.C.
Mar 19 2003 // Medical Justice™ Corporation announced it is partnering with local insurance brokers in North Carolina and Ohio, as well as the Florida Medical Association, to protect physicians from frivolous malpractice cases with its...
Ohio February Winter Storm Losses Less Than Expected
Mar 17 2003 // Preliminary estimates from February’s snow and ice storms that hammered 16 states from the Mid-Atlantic to New England caused less than $20 million in insured losses in Ohio, according to the Ohio Insurance Institute...
April CPCU Workshops in Mich., Ohio
Mar 13 2003 // The CPCU Society has scheduled numerous workshops to be presented in April, including two in Ohio and one in Michigan. These workshops are open to CPCUs and other insurance professionals, and provide the opportunity for...
Bancinsurance Corp. Profits Down 71% in 2002
Mar 6 2003 // Bancinsurance Corp., the Columbus, Ohio-based parent of P&C insurer Ohio Indemnity Co., reported a profit of $889.6 million in 2002, down 71 percent from $3.1 billion in 2001, thanks in part to an after-tax charge of...
