Ohio Insurance Organizations

National Association of Mutual Insurance Companies (NAMIC) (www.namic.org)

Founded in 1895, the National Association of Mutual Insurance Companies (NAMIC) is a full-service national trade association serving the property/casualty insurance industry with more than 1,400 member companies that underwrite more than 40 percent of the property/casualty insurance premium in the United States. NAMIC members are small farm mutual companies, state and regional insurance companies, risk retention groups, national writers, reinsurance companies, and international insurance giants. Together, we are NAMIC.

For more than a century, NAMIC has had a single, primary commitment: representing the interests of property/casualty insurance companies.

Ohio Association of Professional Specialty Lines (OAPSLO) (www.oapslo.org)

The Ohio Association of Professional Specialty Lines was formed to encourage and promote professionalism among members engaging in the specialty risk insurance business in the State of Ohio. It provides a forum for the exchange of information and views between members and disseminates educational information for the benefit of members and to the better advancement of the specialty risk insurance industry in the State of Ohio.

Ohio Insurance Institute (OII) (www.ohioinsurance.org)

The Ohio Insurance Institute (OII) is a trade association representing property/casualty (P/C) insurance companies and organizations conducting business throughout the state.

The 0II began operations in 1968. Its predecessor, the Underwriters Service Association, Inc., was chartered in 1932. In 1968, the Underwriters Service merged with the Ohio Insurance Information Service to form the 0II. The Insurance Federation of Ohio, founded in 1970, merged with the Ohio Insurance Institute in 1989 to provide expanded services. The association’s primary objective is to help Ohioans achieve a better understanding of insurance and related safety issues. To attain this goal, the OII provides services in three areas: Public Information, Education and Government Affairs.

The Ohio Insurance Institute created www.InsuranceCareers.org, a website focused on educating students and young professionals on the extensive career opportunities available in our industry. This site is dedicated to the perpetuation of the insurance industry.

Professional Independent Agents Association of Ohio (PIAA) (www.ohiopia.com)

PIAA of Ohio offers professional services and resources to the independent insurance agency business. The association offers everything from insurance products to business building programs. PIAA of Ohio is the industry’s largest independent insurance agents association and is a result of a merger between PIA of Ohio and the Ohio Big-I.

Property Casualty Insurers Association of America (PCI)(www.pciaa.net)

Established in January 2004 by the merger of the Alliance of American Insurers (Alliance) and the National Association of Independent Insurers (NAII), PCI is the nation’s premiere property/casualty trade association, representing more than 1,000 member companies. Its purpose is to advocate its members’ public policy positions at four levels: federal government, state legislatures, federal and state courthouses and the public arena, and to provide its members with targeted industry information.

PCI speaks as the voice of the property/casualty insurance industry. PCI provides a responsible and effe voice on public policy questions affecting insurance products and services, fosters a competitive insurance marketplace for the benefit of insurers and consumers, and provides members with the highest quality products, information and services at a reasonable cost.

The Institutes Griffith Insurance Education Foundation (www.griffithfoundation.org)

The Institutes Griffith Insurance Education Foundation promotes dialogue among risk management and insurance professors, regulators, legislators, and the risk management and insurance community.

The foundation actively promotes the teaching of risk management and insurance by colleges, universities, and other institutions of higher learning. Consistent with this, it promotes participation in these programsby students and offers education programs for public policymakers.

Ohio Insurer Plans

Ohio Automobile Insurance Plan (www.assignedriskohio.com)

The Ohio Automobile Insurance Plan was organized on August 16, 1943. It is an agreement among insurance companies to provide automobile insurance to those unable to secure it on their own. This Plan applies to bodily injury and property damage liability, medical payments, physical damage coverages and any other coverages required by law.

The Ohio FAIR Plan (www.ohiofairplan.com)

The Ohio FAIR Plan is supported by all insurance companies licensed to transact fire insurance business within the state. Each company shares in the losses of the Plan in direct proportion to its premium volume of business in the state. The Ohio FAIR Plan was established in 1968 to provide essential insurance coverage for eligible property unable to obtain insurance through the voluntary market. Initially, the Plan applied to a limited number of metropolitan areas. By 1977 the entire state was eligible for basic property insurance, including farm coverage, through the Plan. Ohio’s FAIR Plan is one of 32 such programs operating throughout the U.S.

Ohio Insurance Guaranty Association (www.ohioga.org)

Each state’s insurance department monitors the financial health of insurers licensed to transact business in the state. The Ohio Department of Insurance (ODI) is the state’s regulator of insurance transactions. To assure that policyholders aren’t abandoned, each state has a guaranty association to ensure payment to policyholders who have claims against insolvent insurers.

To assist regulators in monitoring the financial condition of insurers, all licensed insurance companies file detailed annual financial statements with state insurance departments. The Ohio Insurance Guaranty Association ensures payment (up to $300,000) to those policyholders who have claims against the insolvent company. These could be typical insurance claims from damages caused by a covered peril under an insurance policy, or a claim against the insurer for unearned premiums.

Ohio Department of Insurance (www.insurance.ohio.gov)

The Ohio Department of Insurance regulates the insurance industry in the Buckeye state. From licensing to rate filings, the department oversees all lines of insurance operations.

Ohio Department of Insurance
50 W. Town Street, Third Floor – Suite 300
Columbus, Ohio  43215
(800) 686-1526
(614) 644-2658