Latest Ohio Headlines
All the headlines from our Ohio Topic Page, ordered by recency.
Ohio Pol Won’t Return PIE Donations
Aug 26 2003 // Ohio Sen. George Voinovich will not return the $85,000 now-bankrupt PIE Mutual Insurance co-founder and convicted fraudster Larry Rogers donated to his campaign, according to the Associated Press. PIE, once a leading...
Ohio Casualty Appoints New Director to its Board
Aug 25 2003 // Fairfield, Ohio-based insurer Ohio Casualty Corp. has appointed Myra C. Selby a member of its board of directors. Selby, 48, is a partner in the business section of IceMiller, Legal and Business Advisors in Indianapolis,...
Assurex Global Names New CEO
Aug 13 2003 // Columbus, Ohio-based brokerage and risk-management firm Assurex Global announced the appointment of central Ohio’s James R. Hackbarth as CEO. Hackbarth takes the helm immediately. Hackbarth brings to Assurex Global...
Ohio Casualty’s Earnings Down $2.1 Million From Year Ago
Aug 8 2003 // Fairfield, Ohio-based carrier Ohio Casualty Corp. announced second-quarter net income of $11 million, or 18 cents per diluted share, down from a year ago’s $13.1 million, or 21 cents per diluted share. The company...
Ohio DOI to Check Insurers on Scoring
Aug 4 2003 // The Ohio Department of Insurance will conduct a review of Ohio insurance companies to inquire about the industry’s current use of credit scoring and how companies are moving toward complying with a new regulation...
Sky Acquires Insurance Buyers’ Service
Jul 9 2003 // Bowling Green, Ohio-based Sky Financial Group Inc. has acquired Insurance Buyers’ Service Agency Inc. (IBS) of Boardman, Ohio. IBS is an agency that sells professional liability, personal and commercial insurance....
Ohio DOI Investigation Led to Indictment of Credit General CEO
Jun 27 2003 // An investigation initiated by the Ohio Department of Insurance led to a 16-count federal indictment yesterday of Robert J. Lucia, former CEO of Beachwood, Ohio-based Credit General Insurance Co., for alleged bank fraud,...
Ohio Indemnity Elects New Officers
Jun 18 2003 // Ohio Indemnity Co., a wholly-owned subsidiary of Bancinsurance Corp. announced the promotion of Daniel J. Stephan to senior vice president of marketing and Thomas F. Ryan to assistant vice president of claims. Stephan has...
William Tsibulsky Now Deputy Director of Ohio DOI
Jun 13 2003 // Ohio Department of Insurance Director Ann Womer Benjamin announced the promotion of Chief of Staff William J. Tsibulsky to Deputy Director in a move consolidating the chief of staff and deputy director...
Ohio Senate Passes Tort, Asbestos Reforms
Jun 13 2003 // The Ohio Senate passed a litigation reform measure that will reportedly stem the tide of economic damage caused by out-of-control jury verdicts and other abuses of the tort system, according to a statement released by the...
Nationwide to Separate Chairman, CEO Roles
Jun 5 2003 // To further strengthen its corporate governance structure, the Nationwide Financial Services Inc. board of directors today announced that it has separated the roles of chairman and chief executive officer. As a result,...
Fulwider to Join Ohio DOI as Communications Director
Jun 3 2003 // Ohio Insurance Director Ann Womer Benjamin announced that Michael Fulwider will join her senior staff as communications director. Fulwider is currently the director of Communications and Media Relations for Columbus Public...
New Ohio Rule Restricts Insurance Scoring
May 30 2003 // The Ohio General Assembly’s Joint Committee on Agency Rule Review accepted an administrative rule sought by the Ohio Department of Insurance regarding an insurance company’s use of a consumer’s credit...
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...
