By CPCU Society, Columbus Chapter
The Columbus Chapter of the CPCU Society is hosting the Ohio Insurance Innovators Forum on April 10 at the Lincoln Theater Ballroom in downtown Columbus! You will:
Hear insights, experiences and future views of panelists who work with innovation every day.
Learn from local experts why innovation is critical to the long-term health of Ohio’s insurance industry.
Meet and mingle with up to 200 fellow Ohio insurance professionals.
Create stronger connections between “insurtech” headlines and what’s happening right here in Ohio.
Have a better understanding about the variety of innovation happening in the local P&C industry.
Leave with the ability to integrate innovation into your career, your company and your future.
You'll hear from:
Dr. Jeff Sheen - Senior Architect, Innovation and Strategy, Grange Insurance
Kyle Krumlauf, CPCU, ARM - Commercial Lines BI & Analytics Manager
Haley Smith - State Auto Labs Insurance Analyst, State Auto Insurance Companies
Yiem Sunbhanich - Co-Founder and CEO at TNEDICCA, past Executive in Residence, Nationwide Center for Advanced Customer Insights (NCACI), Nationwide Insurance
Andrew Farver (Moderator) - OII Young Insurance Professionals; University Relations and College Recruiting Specialist, Westfield Group
When: Tuesday, April 10 from 11:30am to 1:30pm (doors open at 11:00am)
Address: The Lincoln Theater Ballroom, 769 East Long Street, Columbus, OH 43203 (enter through red double doors facing Long Street)
Parking: free parking across from and to the west of the theater
Cost: free for Chapter Members, $10 for all others (includes box lunch and beverages)
Limited tickets are available, so register today!
Gov. John Kasich has declared a state of emergency in 17 counties due to severe storms and heavy, persistent rains that occurred in much of Ohio in late February.
In response to Kasich’s declaration in Adams, Athens, Belmont, Brown, Clermont, Columbiana, Gallia, Hamilton, Hocking, Jackson, Jefferson, Lawrence, Meigs, Monroe, Muskingum, Scioto and Washington counties, the Ohio Department of Insurance (ODI) has also issued a bulletin to allow insureds in those counties to defer insurance premium payments and extend time constraints in which insureds must take certain actions. Read the entire bulletin here.
ODI’s bulletin applies to insureds, insured properties and claimants in the named counties, and is effective between March 7, 2018 and May 24, 2018.
By Motorists Insurance Group
COLUMBUS, OH – Matthew C. Wilcox has been hired as executive vice president of personal lines for Motorists Insurance Group.
“We’re pleased to have Matthew join Motorists and bring his depth of industry experience and knowledge to our team,” said Motorists CEO Dave Kaufman. “His insights will help us ensure our policyholders receive quality products from Motorists.”
Wilcox has more than 30 years of insurance industry experience. He most recently served as a senior vice president with MAPFRE USA. He has also held leadership positions with Travelers of New Jersey and USAA Insurance Company.
“We’re fully committed to being a company our agents and policyholders can count on for quality products in both commercial and personal insurance,” said Motorists President and COO Thomas J. Obrokta, Jr. “Hiring Matthew to lead our personal lines is an important strategic move for continued care and service to our customers.”
Wilcox holds the CPCU designation and earned his bachelor’s degree from the University of Rhode
About Motorists Insurance Group and BrickStreet Insurance
Motorists Insurance Group and BrickStreet Mutual Insurance Co. affiliated through a joint venture in 2017. Ohio-based Motorists consists of property and casualty insurance, life insurance and insurance brokerage companies, and West Virginia-based BrickStreet is one of the largest writers of workers' compensation coverage in the region.
The group markets insurance solutions through more than 17,000 independent agents at more than 2,000 agencies in the Midwest, Northeast and South. Learn more about Motorists Insurance Group at motoristsinsurancegroup.com and BrickStreet at brickstreet.com.
The Supreme Court of Ohio recently issued an opinion on the LGR Realty, Inc. v. Frank & London Insurance Agency case that clarifies the statute of limitations on agency negligence.
LGR Realty brought this action alleging that they received an unsatisfactory insurance policy from Frank and London Insurance Agency.
The question that the court answered in this case was when the statute of limitations should begin in an insurance agency negligence claim.
The day the cause of action accrues is the day the statute of limitations begins to run.
In this case, the court decided that the cause of action began on the date the policy was issued, not when the party suffered an injury. Therefore, the case was time-barred.
The Supreme Court of Ohio specifically stated that:
“the delayed-damage rule does not apply to cause of action alleging negligent procurement of professional-liability insurance policy or negligent misrepresentation of the terms of the policy when the policy at issue contains a provision specifically excluding the type of claim the insured alleges it believed was covered by the policy.”
Frank and London Insurance argued that the statute of limitations clock began to run on the date the policy was issued, however, LGR Realty argued that the “delayed-damages” rule applies and the statute of limitations began when Continental Casualty Company, the commercial policy carrier, refused to defend and indemnify.
Under the delayed-damages rule, a cause of action does not accrue until a party suffers an injury, which would have extended the period for LGR Realty to bring this action.
The Supreme Court ruled that the delayed-damages provision does not apply and sided with the trial court to rule in favor of Frank & London Insurance Agency.
Want more information about the case? Check out this video from The Ohio Channel.
CITATION: LGR Realty, Inc. v. Frank & London Ins. Agency, Slip Opinion No. 2018-Ohio-334
OIA is excited to announce that the RLI Personal Umbrella program will be making some major eligibility and underwriting changes for new and renewal business with an effective date of June 1, 2018 and later.
The major changes to the eligibility guidelines are summarized below:
Drivers under the age of 20 will be eligible with one (1) incident (violation OR at-fault accident). Previously, drivers age 20-21 were eligible with one incident, while those under the age of 20 were ineligible. As a result, the yes/no question pertaining to a driver under the age of 20 with an incident has been removed.
Drivers under the age of 22 will be eligible with basic underlying automobile limit B (250/500/50 OR 300/300/50 OR 300 CSL). Previously, drivers under the age of 22 required basic underlying automobile limit of A (500/500/50 OR 500 CSL). Note that basic underlying auto limit A will continue to give a discount.
Up to $5M limits will be available for certain PUP Special risks. If a risk is in PUP Special due to the number of autos and/or properties (questions 1 and 2), and no other response(s) make the risk PUP Special, up to $5M limits will be available. Previously, any response that made the risk PUP Special was limited to $1M.
Up to nine (9) residential properties rented to others that are not occupied in whole or in part at any time will be eligible. Previously, ownership of six (6) or more of these properties was ineligible. As a result, the yes/no question pertaining to six or more rental properties has been removed.
Simplification of the farm/timberland question. Previously, we asked for how many acres of timberland and/or land that is farmed. We have removed that distinction and instead ask for how many acres of land are owned or leased.
Simplification of the target political figure question. In most states, appointed or elected political figures lower than the state level in a political subdivision with a population above 100,000 were previously ineligible. That distinction has been removed.
Increase of the prior liability loss amount for eligibility. Previously, the prior liability loss amount for eligibility was $25,000. Along with re-wording the question to include open liability claims or lawsuits, the prior liability loss amount has been increased to $50,000.
All of the changes described above necessitated a paper application refresh.
While doing so, RLI also clarified the wording on several questions and definitions. A copy of the new business app has been published for your review. If you would like a copy of the renewal application, please contact Alexandra DeVictor at (614) 552-3044.
It is important to note that the new business application (10/17 version) should NOT be used unless you are requesting an effective date of June 1, 2018 or later. RLI cannot accept the new 10/17 version of the application for any policy effective prior to June 1, 2018.
Additional communication, including fillable pdf versions, will be sent at that time.
For business effective prior to June 1, 2018, please use the current application (11/13 version).
Should you have any questions regarding these changes, please contact Alexandra DeVictor at