A local health insurance provider facing financial problems has been taken over by the state.
The Physicians Assurance Corp. has been ordered to liquidate by the Franklin County Common Pleas Court after a request by the Ohio Department of Insurance.
The Worthington-based company had insured about 350 companies and a total of 8,000 central Ohio residents.
"These policies will be terminated in 30 to 45 days so we strongly urge these people to contact their insurance agent or broker about new coverage," said Carly Glick, insurance department spokeswoman.
Current claims and ones made during the next 30 to 45 days of up to $100,000 are covered by the Ohio Life & Health Insurance Guaranty Association.
More information for policy holders is available on the insurance department's Web site: www.insurance.ohio.gov, or by phone: 1-800-686-1526.
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