The Ohio Department of Insurance is liquidating The Physicians Assurance Corporation, also called TPAC. State officials say the Worthington-based company is no longer financially solvent.
Ohio Department of Insurance spokesperson, Jarrett Dunbar, says TPAC members can still file claims up to $100,000 dollars. But he says in early October, that coverage will run out:
"So it's important that folks who currently have insurance through TPAC find other means of health insurance whether through their employer or through an independent agent."
TPAC covers about 350 small and medium-sized private businesses, or about 8,000 members, in the Central Ohio Area.