COLUMBUS – In one of his first official acts after being sworn-in, Gov. John Kasich appointed Lt. Gov. Mary Taylor to be director of the Ohio Department of Insurance. Immediately following the announcement, Kasich signed an Executive Order creating the Common Sense Initiative to lead a transformation of Ohio’s regulatory policies and named Taylor to lead the effort.
Taylor is the former Auditor of State where she served for four years as the state’s top fiscal watchdog guarding against fraudulent and wasteful spending of tax dollars. The first Certified Public Accountant to serve as Auditor, Taylor modernized the office into a nationally-recognized, 21st-century public accounting firm and provided state and local government officials across Ohio with thousands of ideas and solutions to improve efficiency and cut costs by more than $140 million annually.
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COLUMBUS —September is National Disaster Preparedness Month. In order to make sure Ohioans can recover from a disaster, Ohio Department of Insurance Director Mary Jo Hudson is advising Ohioans to create an inventory of items in their home. The inventory will be useful in the event a homeowner needs to file a claim to replace or repair anything damaged in their home. A home inventory checklist can be found at the Department of Insurance web site, .
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Insurance Industry Representatives To Warn Residents About Contractor Fraud
(COLUMBUS) — On Wednesday, July 21, representatives from the Ohio Department of Insurance’s Fraud and Enforcement Division, the National Insurance Crime Bureau (NICB) and various Ohio insurance carriers will be going door to door in Youngstown, Boardman, Hubbard and Austintown to warn residents about unscrupulous contractors. Representatives will be passing out pamphlets to educate consumers of the various fraud schemes committed by disreputable contractors. All
Ohioans who had purchased policies will need to file their claims by August 31, 2010.
COLUMBUS — Ohio Department of Insurance Director Mary Jo Hudson announced today that American Trade Association, Inc., American Trade Association LLC, Smart Data Solutions, LLC and Serve America Assurance, all Tennessee companies operating insurance programs, have been placed into liquidation. The move affects more than 1,000 Ohioans who have policies with one or more of the above companies.
On April 14, 2010, the Davidson County Chancery Court of Nashville, Tennessee granted the state of Tennessee’s petition for liquidation of the above companies, finding that they were hazardous, financially or otherwise to its policyholders, its creditors or the public. On April 27, 2010, the court declared the companies to be insolvent.
On May 20, 2010, the court issued a final order of liquidation, placing the companies into receivership. Leslie A. Newman, c
A fine totaling $500,000 was leveled against real estate title company Fidelity National Financial Group by the Missouri Insurance Department for alleged violation of insurance laws in the state. The state agency examined four title units of the insurance firm and allegedly found incorrect fees and premium charges.
Based on the state departments examination, customers of Fidelity were charged with premiums and fees that were incorrect during closings of real estate deals. The department further added that the insurance firm had used insurance policies without the approval of the department. Read more…
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