Ohio Insurers By Classification

	Site Map
	Preface
	Chapter 1
	Chapter 2
	Chapter 3
	Chapter 4
	Chapter 5
	Chapter 6
	Chapter 7
-	Top 10 P/C Companies by 1999 Premium Volume for Selected Lines
	Ohio Insurers by Classification
-	Domestic P/C Insurance Companies in Ohio
-	Ohio and US Insurance Employment Statistics
-	Ohio and US Insurance Employment/Company /Premium Facts
-	Ohio Insurance Guaranty Association
-	1999–2000 Insurance Company Insolvencies by State
-	Ohio Department of Insurance Contacts
-	Ohio Insurance Trade Association Media Contacts
-	National Insurance Trade Association Media Contracts
-	National Insurance Regulatory Contracts
-	Phone Directory of Insurance, Regulatory and Safety-Related Organizations
-	Selected Insurance, Regulatory and Safety-Related Organization Websites
-	OII Website Guide: www.ohioinsurance. org
-	Insurance Rating Services
	Glossary
	OII Sound-Off Page

According to the Ohio Department of Insurance, 1,792 insurance companies market insurance products within the state (as of November, 2000), nine more than last year’s report. There are three types of insurance company classifications:

Domestic (Ohio)—referring to an insurance company having its home office within the state
Foreign—referring to an insurance company whose home office is located elsewhere in the US.
Alien—referring to an insurance company domiciled outside the US.

Ohio has one of the most competitive environments for conducting insurance business, which benefits the consumer. There are 301 insurance companies domiciled in Ohio, up four from the 297 domestic insurers reported in 1999. Nationally, Ohio ranks 10th based on the number of property/casualty insurance companies domiciled within the Buckeye state with 134. Click here for a complete list of the state’s domiciled P/C companies.

This chart provides a look at the number of insurance companies by
type licensed in the state as of third quarter, 2000.

Special notes regarding chart: There have been changes in ODI classifications of insurance companies since last year’s published list. “Accident Assessment” companies are now known as “Mutual Protective Associations—Life & Health” and are regulated under Ohio Revised Code (ORC) Section 3919. “Fire Assessment” companies are now known as “Mutual Protective Associations—Property” and are regulated under Ohio Revised Code Section 3939. “Fraternals,” also known as “Fraternal Benefit Societies,” are regulated under Ohio Revised Code Section 3921. Examples of licensed fraternal organizations include the Alliance of Poles of America, Serb National Federation, Catholic Knights of Columbus and the Lutheran Brotherhood. The “Health Insuring Corporation” category includes all HMOs other than those considered Casualty/HMOs. “Casualty/HMOs” are now listed under “Property & Casualty.” This includes prepaid dental plans, dental care plans and health care corporations. These are regulated under Ohio Revised Code Section 1751. “MEWAs” are also known as “Multiple Employer Welfare Arrangements.” They are employee benefit programs, usually focusing on health benefits. These are regulated under ORC Section 3924.

Companies paid an average of 10% more per employee for health care in 2000 over 1999 health care costs. In 1996, the average cost per employee was $3,892. In 1999, the average per-employee health care cost was $4,412. The average in 2000 was estimated at $4,853.
(USA Today, 2/9/00)