Proliance Placed in Rehabilitation.The Ohio Department of Insurance has placed Proliance Insurance Co., a preferred-risk auto and homeowners writer, into rehabilitation rehabilitation: see physical therapy. . Insurance Director Lee Covington filed a complaint in the Franklin County Franklin County is the name of 24 counties in the United States. All except Franklin County, Idaho are likely named for Benjamin Franklin, a Founding Father of the United States. Court of Common Pleas COURT OF COMMON PLEAS. The name of an English court which was established on the breaking up of the aula regis, for the determination of pleas merely civil. It was at first ambulatory, but was afterwards located. requesting that Proliance be placed in rehabilitation. Proliance's third-quarter surplus was a negative $146,000, said John Charlton, a spokesman for the department, noting that the department launched a financial exam against the company and placed it into rehabilitation to protect policyholders. The department is considering three options: selling the company's book of business, negotiating a deal with a reinsurer re·in·sure tr.v. re·in·sured, re·in·sur·ing, re·in·sures To insure again, especially by transferring all or part of the risk in a contract to a new contract with another insurance company. or liquidating the company. Policyholders' claims will be covered no matter which option is chosen, Charlton said. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion