Ohio Casualty Corp. is restructuring its Avomark Insurance Co. operations, which will result in cutting 114 jobs. The changes are geared to reflect the company’s new Internet-only strategy and will result in an expected $7.5 million in annual savings. Ohio Casualty has already sold the Avomark call center in Denver as part of its restructuring. American Horizon Services purchased the center.
Was this article valuable?
Here are more articles you may enjoy.
Chubb Q1 Net Income Increases 74% on Fewer Catastrophe Losses 
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
Ex-CEO, Ex-CFO of Bankrupt AI Company Charged With Fraud 
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
