BUCYRUS, OH (CRAWFORD COUNTY NOW)-Ohio Mutual Insurance Group is on track for a strong financial year, buoyed by a milder weather season compared to previous years. The company is poised to exceed a half-billion dollars in annual sales next year and is anticipating its 33rd consecutive “A” rating from AM Best.
Todd Boyer from Ohio Mutual noted that while advanced technology in cars is reducing the frequency of accidents, it is also driving up repair costs for even minor incidents. He also explained a shift in homeowners insurance, where more companies are moving from replacement cost to actual cash value for roofs, which factors in depreciation.
Despite these industry-wide challenges, Boyer confirmed the company’s solid financial health and its growth, highlighting its ranking within the top 12% of all insurance companies in the country. He also mentioned Ohio Mutual’s ongoing community support, including its sponsorship of the upcoming Bucyrus Bratwurst Festival.
For more information, visit omig.com.