All the headlines from our Ohio Topic Page, ordered by recency.
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...
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...
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...
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...
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...
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...
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...
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...
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...
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,...
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 corporation...
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...
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...
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...
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...
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...
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...
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...
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,...
Aug 4 2000 // Lee Covington, Director of the Ohio Department of Insurance, announced that a new online service provided by the Ohio Department of Insurance will help approximately 81,000 licensed Ohio insurance agents keep track of...