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The Ohio Department of Insurance was established on March 12, 1872. It was created under the authority of section 121.02 of the Ohio Revised Code (ORC) and is administered by the Director of Insurance. Insurance companies operating in the state of Ohio are subject to regulation under Title 39; and depending upon the entity of the organization ...
Revenue. $1.9 billion USD (2015) [2] Number of employees. 2,400. Website. www .westfieldinsurance .com. Westfield Insurance, the primary subsidiary of Westfield Group, is a multi-line provider of business property and liability insurance, personal lines insurance (including auto, homeowner's and specialty), agribusiness insurance, and surety ...
On April 10, 1926, the Farm Bureau Mutual Automobile Insurance Company obtained a license to do business in Ohio, and two days later, it acquired its financing—a $10,000 loan drawn from the membership dues of the Ohio Farm Bureau Federation. [7] At that time, Ohio law required 100 people to pledge to become policyholders.
Appearance. An insurance commissioner (or commissioner of insurance) is a public official in the executive branch of a state or territory in the United States who, along with their office, regulate the insurance industry. The powers granted to the office of an insurance commissioner differ in each state. The office of an insurance commissioner ...
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Taking those steps pointed me to two factors that increased my premium: I was no longer eligible for a key discount, and my state was experiencing a rate hike. 2. Know what coverage you do and don ...
In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...
Ohio state law requires drivers to maintain liability insurance in order to drive in the state. Ohio auto insurance requirements are referred to as the 25/50/25 rule. This means that drivers are ...
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