Latest Ohio Headlines
All the headlines from our Ohio Topic Page, ordered by recency.
Ohio Casualty Reports Q1 Net Income Up 96%
May 2 2005 // Property/casualty insurer Ohio Casualty Corp. reported first-quarter net income of $37.7 million, or 55 cents per diluted share, versus $19.2 million, or 31 cents per diluted share in the first quarter of 2004. The...
Ohio AG Gets in on the AIG Lawsuit
Apr 21 2005 // Ohio Attorney General Jim Petro is expanding the scope of the securities fraud class action lawsuit currently pending against American International Group (“AIG”) and others by filing an amended complaint in...
People & Places
Apr 18 2005 // Gregory Case Chicago-based brokerage giant Aon Corp. elected Gregory Case its new president and CEO and has added him to its board of directors. Case succeeds Patrick Ryan, who has served as Aon’s CEO since the...
Ohio Casualty Names Gerard New Senior VP of Investments
Mar 28 2005 // The Ohio Casualty Insurance Co. announced that Paul Gerard has been named senior vice president of investments, effective March 21. Gerard, 45, comes to Ohio Casualty from GE Asset Management and Genworth Financial, where...
AG TO MAKE CASE AGAINST AIG IN CLASS ACTION SUIT
Mar 7 2005 // Ohio Attorney General Jim Petro announced last month that three of Ohio’s public retirement systems have been appointed lead plaintiff in a securities class action lawsuit against American International Group Inc....
Harcum-Schuett Agency Personnel Join Hylant Group in Ohio, Will Consult on School Plan
Mar 1 2005 // Toledo, Ohio-based Hylant Group has expanded its operations in Ohio with key personnel of the Harcum-Schuett Agency of Columbus joining Hylant Group. Dave Harcum will serve as a consultant to the Ohio School Plan, which is...
Weiss: Insurers Earn $28B in First Three Quarters of 2004
Feb 28 2005 // Despite a hurricane-ravaged third quarter, property/casualty insurers reported profits of $28.1 billion in the first nine months of 2004, representing a 22.4 percent increase over the $22.9 billion earned during the same...
Ohio Casualty Reports Q4 Profit Rise of 105%
Feb 25 2005 // Fairfield, Ohio-based insurer Ohio Casualty Corp. announced fourth-quarter net income of $56.9 million, or 82 cents per diluted share, versus $27.7 million, or 42 cents per diluted share. The company reported statutory...
Bancinsurance Hires Merlinos & Associates to Analyze Ohio Indemnity Loss Reserves
Feb 22 2005 // Columbus, Ohio-based specialty insurer Bancinsurance Corp. announced that Merlinos & Associates Inc. has been engaged to provide actuarial consulting services to its subsidiary, Ohio Indemnity Co. Merlinos &...
HOMEOWNERS RATES 4TH LOWEST IN NATION
Feb 21 2005 // Ohio insurance consumers continued to benefit from a healthy property/casualty market in 2004 and rates are not expected to change significantly in 2005, the state’s insurance department announced. Homeowners...
Ohio’s Common Sense Legal Reform
Feb 21 2005 // 2004 was a landmark year for common sense legal reform in Ohio. The state enacted significant asbestos reform, silica and mixed dust reform, and comprehensive tort reform legislation. The many benefits of these historic...
Ohio AG Reports Buckeye State Appointed Lead Plaintiff in Suit Against AIG
Feb 17 2005 // Ohio Attorney General Jim Petro announced this week that three of Ohio’s public retirement systems have been appointed lead plaintiff in a securities class action lawsuit against American International Group Inc....
Ohio Man Ordered to Pay Up
Feb 7 2005 // The Ohio Bureau of Workers’ Compensation announced a Columbus man has been sentenced for a misdemeanor charge of workers’ compensation fraud. Souhil Sabbagh was sentenced to one year probation and ordered to...
Ohio Man Commits Misdemeanor Fraud
Feb 7 2005 // The Ohio Bureau of Workers’ Compensation announced a Springfield man has been sentenced for a misdemeanor charge of workers’ compensation fraud. Jeff Hamm was sentenced to three months incarceration, a $300...
Ohio Woman Caught in Comp Scam
Feb 7 2005 // The Ohio Bureau of Workers’ Compensation announced a Clark County woman has been sentenced for a felony charge of workers’ compensation fraud. Doris Marcy was sentenced to one year probation and ordered to pay...
Ohio Has 4th Lowest Homeowners Rates, 16th Lowest in Auto Insurance
Feb 1 2005 // Ohio insurance consumers continued to benefit from a healthy property and casualty market in 2004 and rates are not expected to change significantly in 2005, the state’s insurance department announced. Homeowners...
Strategic Independent Agents Alliance Names Ohio Master Agency
Jan 31 2005 // Hampton, N.H.-based agency cooperative Strategic Independent Agents Alliance announced that American Heritage Insurance Group LLC of Cincinnati has established the Insurance Connection LLC as an SIAA master agency. Their...
Ohio DOI Pushes Plan Promoting Flexible Health Plans
Jan 27 2005 // The Ohio Department of Insurance has proposed a plan to help small business employees obtain more affordable health benefits. Key components of the plan, designed to provide small employers greater flexibility with health...
Ohio Casualty Affirmed
Jan 24 2005 // S&P revised its outlook on Ohio Casualty Corp. and the members of the Ohio Casualty Ins. Co. Intercompany Pool to positive from stable. S&P also affirmed its “BBB” counterparty credit and financial...
People & Places
Jan 24 2005 // Andy Schor Michigan Office of Financial and Insurance Services Commissioner Linda A. Watters named Andy Schor as the new public information officer. As PIO, Schor’s responsibilities will be to share the priorities...
