Ohio News

Business Moves

Marsh Marsh & McLennan Companies Inc., the No. 2 global insurance broker, said the 2008 restructuring at Marsh Inc., its flagship insurance brokerage unit, was on track to generate annual savings of $200 million, and it plans further spending cuts …

People

San Francisco-based Wells Fargo & Co. announced its management team for the combined insurance businesses of Wells Fargo and Wachovia Corp. Reporting to Dave Zuercher, group head of International and Insurance Services, are Neal Aton, head of Wells Fargo Insurance …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Vacant Commercial Property Market Detail: Western Networked Insurance Services has an exclusive program for vacant …

South Carolina’s 2005 Reform Reducing Claims Against Doctors

South Carolina legislators considering restricting lawsuits against companies were told that fewer lawsuits are being filed since a 2005 state law limited costs for doctors. A company managing an insurance system for half the state’s doctors told a state Senate …

Peanut Plant Says It Has No Insurance for Consumer Injuries

Sickened consumers who sued the peanut processor blamed for a national salmonella outbreak could have trouble recovering damages from Virginia company accounts because assets listed in a bankruptcy filing will likely go to other businesses that bought its products. Lynchburg-based …

Business Moves

Marsh Marsh & McLennan Companies Inc., the No. 2 global insurance broker, said the 2008 restructuring at Marsh Inc., its flagship insurance brokerage unit, was on track to generate annual savings of $200 million, and it plans further spending cuts …

Business Moves

Marsh Marsh & McLennan Companies Inc., the No. 2 global insurance broker, said the 2008 restructuring at Marsh Inc., its flagship insurance brokerage unit, was on track to generate annual savings of $200 million, and it plans further spending cuts …

Illinois, Michigan Among States Showing Declines in Auto Deaths

Automobile fatalities declined in 40 states in 2008, a sign that traffic deaths could dip to their lowest levels in four decades. The Governors Highway Safety Association said that vehicle deaths dropped in 40 states and the District of Columbia …

Ohio to Crack Down on Employee Misclassification

Ohio Attorney General Richard Cordray announced that state agencies are collaborating to combat the misclassification of employees as independent contractors to avoid taxes and workers’ compensation premiums. Cordray’s office estimates that the annual costs from worker misclassification may be $100 …

Chubbdog Millionaires: 10 Insurance IT Employees Hit the Jackpot

The people at Chubb Insurance Group’s personal lines insurance unit, which serves people with above-average needs, have 10 new prospects right outside their window. Ten employees in the IT department of Chubb Commercial Insurance, in the building next to the …