Welcome to the Ohio Department of Insurance

Skip Navigation

Please Note: You are viewing the non-styled version of Ohio Department of Insurance. Either your browser does not support Cascading Style Sheets (CSS) or it is disabled. We suggest upgrading your browser to the latest version of your favorite Internet browser.



Press Release - February 17, 2011
 
STATE OF OHIO
DEPARTMENT OF INSURANCE
COMMUNICATIONS OFFICE
 
 

2/17/2011

Insurance Department Announces Retirement of Longtime Financial Regulation Head Bill Rossbach


 


COLUMBUSThe Ohio Department of Insurance announced the retirement of Bill Rossbach, an integral part of the Department’s Financial Regulation operation for the past 35 years. Rossbach most recently served as Chief Regulatory Officer.

Rossbach joined the Financial Regulation staff in 1976 and was promoted to Assistant Director in 2003 before being named Chief Regulatory Officer in February 2008. As Chief, he managed the Department’s Risk Assessment Division; Product Regulation and Actuarial Services Division; the Fraud, Enforcement and Licensing Division; and Consumer Affairs operation.

A leader and transformational figure at the Department, Rossbach recently led the agency to its highest accreditation score from the National Association of Insurance Commissioners (NAIC) acknowledging the Department’s superior financial oversight operations, and its ability to effectively coordinate with other state insurance regulators.

During his tenure, Rossbach was instrumental in the development of a state-of-the-art financial solvency monitoring process to assure insurance companies are financially sound and able to pay claims filed by consumers. The stress-test tool has since become a model that other states are utilizing in their own insurance company financial oversight operations.

Rossbach’s retirement is effective February 28, 2011.

 


# # #



 

The State of Ohio is an Equal Opportunity Employer

Ohio Department of Insurance
50 W. Town Street, Third Floor - Suite 300
Columbus, Ohio  43215
|
|
|
John Kasich, Governor | Mary Taylor, Lt. Governor / Director
General Info: 614-644-2658 | Consumer Hotline: 800-686-1526
Fraud Hotline: 800-686-1527 | OSHIIP Hotline: 800-686-1578