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In September 2018, Ohio National announced an exit from most of the annuity market, and the layoff of approximately 300 of its then 1300 employees, [7] as part of a new focused growth strategy targeting the life insurance market. Ohio National continues to sell life insurance, disability insurance, and immediate annuities, and reaffirmed its ...
The department also determines if services and benefits offered by companies are consistent with insurance policy provisions and Ohio law, reviews and approves more than 6,200 company filings per year for life, accident, health, managed care, and property and casualty policy forms and rates. The Director of Insurance, who is appointed by the ...
The Ohio Life Insurance and Trust Company was a banking institution based in Cincinnati, Ohio, which existed from 1830 to 1857.The Panic of 1857, an economic depression, resulted after the company's New York City offices ceased operations due to bad investments, especially in agriculture-related businesses.
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 ...
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Union Central Life Insurance Company was founded in Cincinnati, Ohio, in 1867. It was established as a mutual insurance company. Among its founders were Norman Wait Harris, founder of Harris Bank. [1] In 2005, it formed a mutual insurance holding company the Union Central Mutual Holding Company and converted the life insurance company to a ...
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