Ohio Casualty Ready To Rebuild

Ohio Casualty has announced a multi-part strategy designed to turn bottom-line losses into an after-tax return of 12 percent within five years, but more rebuilding initiatives are yet to come, according to management representatives.

Highlights of the plan announced by the Fairfield, Ohio-based insurer last week include a decision to exit personal lines in eight states and an early retirement incentive program aimed at cutting expenses by enticing some of the 335 employees over age 55 to turn in their badges.

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