Latest Ohio Headlines
All the headlines from our Ohio Topic Page, ordered by recency.
Claim-Coding Mistakes Found, Confirmed by Ohio Bureau of Workers’ Compensation
Dec 14 2000 // As many as 23,000 workers’ comp claims filed in 1999 were miscoded or lacked a code that helps determine the premiums paid by businesses. So found a study released Monday by the Ohio Bureau of Workers’...
Ohio DOI Places Acceleration National Into Rehabilitation
Dec 1 2000 // Ohio Department of Insurance Director Lee Covington filed a complaint Wednesday in the Franklin County Court of Common Pleas requesting that Acceleration National Insurance Company, an Ohio domiciled property and casualty...
Ohio Workers’ Comp System Looking Better, WCRI Study Says
Nov 28 2000 // Significant changes in Ohio have enhanced the performance of the state’s workers’ comp system, particularly in speeding the payments of benefits to injured workers, but there are opportunities for further...
Amtrust Financial To Buy Struggling Credit General
Nov 27 2000 // According to Michael Camilleri, president and CEO of Amtrust Insurance Operations, Amtrust Financial Group signed a definitive agreement on Nov. 20 to purchase the insolvent Credit General Insurance Company. Credit...
Ohio Legislature Passes Bill to Regulate Health Care Organizations
Nov 21 2000 // The Ohio House of Representatives approved legislation last week that would provide the Ohio Department of Insurance with an additional tool to regulate the financial solvency of Health Insuring Corporations and Health...
Minnesota Follows Ohio’s Lead and Declares Credit General Insolvent
Nov 20 2000 // Minnesota Commerce Commissioner Jim Bernstein announced that Credit General Insurance Company of Beachwood, Ohio is insolvent and should be liquidated. The Order of Liquidation, sought by the commissioner and granted by...
Ohio Casualty Appoints Carmichael President, CEO
Nov 20 2000 // Dan R. Carmichael, 55, has been named president and chief executive of Ohio Casualty Corp. effective Dec. 12, 2000. Carmichael replaces William L. Woodall, who remains as chairman of the board. Since 1995, Carmichael has...
Ohio DOI Unveils Redesigned Consumer Website
Nov 17 2000 // Lee Covington, Director of the Ohio Department of Insurance (ODI), announced today that the Department has redesigned its website, www.ins.state.oh.us, to be even more user friendly for Ohio citizens and has expanded the...
37 Indicted in Auto Insurance Fraud
Nov 10 2000 // An insurance fraud ring run by Ukrainian and Russian immigrants was broken up Thursday with the arrest of 22 people involved in selling cars then allegedly reporting them stolen. In all, 37 people were indicted in the...
Credit General Placed in Rehabilitation by Ohio DOI
Nov 7 2000 // Credit General Insurance Co., a property and casualty company based in Beachwood, Ohio, has been placed into rehabilitation by the Ohio Department of Insurance. The move comes after an extensive financial examination and...
Ohio Insurer to Meridian Insurance Group
Oct 27 2000 // Meridian Insurance Group will be purchased by State Auto Financial Corp. of Columbus, Ohio. The company will pay $30 a share, or more than $228 million, to buy the large Indiana insurer. The deal, announced late Wednesday,...
CDI Approves Ohio Casualty’s Prop. 103 Settlement
Oct 26 2000 // The California Department of Insurance has approved a Proposition 103 settlement with Ohio Casualty Corporation, the holding company of The Ohio Casualty Insurance Company. Under the terms of the settlement, the...
Credit General Signs Cut-Through, Resumes Writing
Oct 2 2000 // Credit General Insurance Company and Credit General Indemnity Company are back on track after a brief period in which the companies stopped writing new business. Henry C. Sibley, vice president of underwriting, sent a...
Industry Tallies Ohio Tornado Losses
Sep 28 2000 // The combined damage caused by a tornado that ripped through Xenia, Ohio Sept. 20 and storms in several other counties, has been estimated at more than $33 million in insured losses, according to the the Ohio Insurance...
Best Downgrades Credit General After Failure to File Q2 Reports
Sep 28 2000 // On Sept. 22, A.M. Best Co. downgraded the financial strength rating on Credit General Insurance Company and Credit General Indemnity Company from “B++” (Very Good) to “C” (Weak) and placed the group...
Credit General Insurance, Indemnity Enter Cut-Through Arrangement With AmTrust Financial
Sep 22 2000 // For Credit General, the arrangement provides access to additional surplus upon which to write new business, as well as the security of AmTrust’s surplus. Credit General has resumed writing new business, which it...
Old Guard Group Shareholders Approve Acquisition by Ohio Farmers
Sep 13 2000 // Old Guard Group, Inc. has received shareholder approval for its acquisition by Ohio Farmers Insurance Company. With more than 71% of the outstanding stock voting, 92% were voted in favor of the transaction. The transaction...
GEICO ADMITS OHIO VIOLATIONS
Sep 4 2000 // Maryland-based GEICO Corp. has admitted to violating Ohio’s consumer protection laws by allowing unlicensed agents to quote rates and discuss coverage information with consumers. The auto insurer agreed to pay the...
GEICO Admits Ohio Violations
Aug 18 2000 // Maryland-based GEICO Corp. said on Thursday it violated Ohio’s consumer protection laws by allowing unlicensed agents to quote rates and discuss coverage information with consumers. The auto insurer agreed to pay the...
Geico Accused of Using Unlicensed Agents in Ohio
Aug 7 2000 // Geico could lose its right to sell insurance in Ohio should charges levied by the state that the company allowed unlicensed employees to sell property and casualty coverages be upheld. At a hearing scheduled for Aug. 18,...
