Latest Ohio Headlines
All the headlines from our Ohio Topic Page, ordered by recency.
Farmers Settles Ohio Discrimination Suit for
Oct 25 2001 // Farmers Insurance agreed to pay $4.3 million to settle an Ohio lawsuit charging the company with discrimination against homeowners in minority neighborhoods in issuing homeowners insurance policies. With the settlement,...
Ohio Department of Insurance Orders 23 P/C Companies to Pay Up
Oct 18 2001 // The Ohio Department of Insurance ordered 23 property and casualty companies to pay money owed to insurance customers and submit corrective actions plans after market conduct examinations revealed that the companies were...
Ohio Order Against Agent Reinstated
Oct 8 2001 // The Seventh District Court of Appeals has reinstated Ohio Department of Insurance Director Lee Covington’s order revoking the license of John Sprankle of New Springfield, to sell insurance in Ohio. The reinstatement...
Ohio Department Recognized as One of the Best
Oct 5 2001 // Following a thorough on-site review of its staff, procedures and performance, the Ohio Department of Insurance was recognized as one of the top insurance department in the country. Governor Bob Taft and Director Lee...
Minnesota-Based Agency Fined for Infractions
Oct 3 2001 // Ohio Department of Insurance Director Lee Covington signed a consent order last week fining Securian Financial Network Inc., a St. Paul, Minn.-based agency licensed in Ohio, $15,000 for engaging in insurance activity in...
Ohio Director Reminds of New Licensing Requirements
Sep 27 2001 // Ohio Department of Insurance Director Lee Covington issued a reminder Sept. 20 to current property and casualty license holders that beginning Oct. 9, they will no longer be authorized to solicit or sell surety bail bonds...
Triad Guaranty Insurance Opens Cleveland Underwriting Office
Sep 25 2001 // Triad Guaranty Inc. announced that its subsidiary, Triad Guaranty Insurance Corporation, has opened a Cleveland, Ohio underwriting office. The new office will serve customers in Ohio, Indiana and Michigan. It is...
Ohio Director Reminds Agents of New Licensing Requirements
Sep 25 2001 // Ohio Department of Insurance Director Lee Covington issued a reminder Sept. 20 to current property and casualty license holders that beginning Oct. 9, they will no longer be authorized to solicit or sell surety bail bonds...
Ohio Casualty Corporation Announces Preliminary Estimate on Attack Losses
Sep 18 2001 // Fairfield, Ohio-based Ohio Casualty Corporation Friday announced a preliminary estimate of its expected losses resulting from the New York terrorist attack Sept.11. The estimated pre-tax cost of claims is $5 to $7 million,...
Ohio Insurance Director Orders Toledo Agency to Stop Selling Insurance
Sep 10 2001 // Ohio Department of Insurance Director Lee Covington issued a Cease & Desist Order against the Baron Insurance Agency as well as a Notice of Opportunity for Hearing to owners Matthew J. Bower and Abigail Bower, both of...
Assessing Property/Casualty Insolvency Exposure-2001 to 2002
Sep 10 2001 // There will be no more than 65 property/casualty insurance company insolvencies over the period Jan. 1, 2001, through Dec. 31, 2002, according to Demotech Inc. Demotech Inc., a Columbus, Ohio-based financial analysis and...
Ohio Agent’s License Revoked
Aug 13 2001 // Ohio Department of Insurance Director Lee Covington signed an order revoking the insurance license of Albert J. Henry of Milford (Clermont County), effective immediately. According to the Consent Order, Henry will...
Ohio Casualty Group Lowered
Aug 6 2001 // A.M. Best Co. lowered the financial strength rating of the Ohio Casualty Group, Fairfield, Ohio, from “A” (Excellent) to “A-” (Excellent). The rating applies to the five pool members led by Ohio...
Travelers to Resume Writing New Commercial Auto and Umbrella Business in Ohio
Aug 2 2001 // Travelers Insurance announced it will re-enter the Ohio insurance marketplace for new commercial auto and umbrella business with the enactment of the “Uninsured/Underinsured Motorist Availability Act of...
Ohio Governor Signs Underinsured Motorist Reforms into Law
Aug 2 2001 // Stability in Ohio’s auto insurance market is just three months away, according to the American Insurance Association (AIA). On July 31, Ohio Gov. Bob Taft signed into law SB 97, which will bring badly needed reforms...
A.M. Best Co. Lowers Rating of Ohio Casualty Group
Jul 27 2001 // A.M. Best Co. lowered the financial strength rating of the Ohio Casualty Group, Fairfield, Ohio, from “A” (Excellent) to “A-” (Excellent). The rating applies to the five pool members led by Ohio...
Storms Impact Ohio Casualty Profits
Jul 19 2001 // Losses from severe storms will cut into profits for Ohio Casualty Corp. for second-quarter earnings, increasing the loss the car, home and business insurer was slated to report for the quarter. Based in Fairfield, the...
Ohio Insurance Department Issues Suspension
Jul 5 2001 // Ohio Department of Insurance Director Lee Covington issued a suspension for the pre-licensing provider approval and WebCheck authorization of A.D. Banker and Company LLC, a pre-licensing education provider in the Buckeye...
Ohio Uninsured Motorist Reforms Advance to House Floor
Jun 28 2001 // According to the National Association of Independent Insurers (NAII), the Ohio House Insurance Committee approved legislation that repeals recent state supreme court decisions that have threatened the Ohio insurance...
Ohio Casualty Retools Company
Jun 25 2001 // In a move to jump-start its falling stock and return to the black, Ohio Casualty Corp. has unveiled a major restructuring plan. With the move, the Fairfield-based insurer saw its shares of stock vault 16 percent earlier in...
