Ohio names 20 insurers receiving accounting breaks

The Ohio Department of Insurance today released the names of the 20 companies that have raised their surplus levels through approved accounting breaks.

The 20 companies are subsidiaries of Ohio-based insurer groups. In order to receive the temporary accounting breaks, companies needed to have strong financial statements, have strong corporate governance practices, and must have provided a “reasonable strategic reason” for their request, the department said...

Investment News: Ohio names 20 insurers receiving accounting breaks