Monthly Archives: <span>August 2015</span>

AXA Enters Exclusive Negotiations to Sell Portuguese Operations

AXA announced it has entered exclusive negotiations with Ageas for the potential sale of AXA’s Portuguese operations. These operations include AXA’s entire stake in AXA Portugal Companhia de Seguros SA (P&C business), AXA Portugal Companhia de Seguros de Vida SA …

RSA Reports 84% Jump in 1st Half Operating Profit

RSA Insurance Group plc, the subject of a potential takeover bid by Zurich Insurance Group AG, reported a jump in first-half profit that beat analyst estimates and restored the interim dividend. Operating profit rose 84 percent to 259 million pounds …

UPDATE: Allianz 2nd Quarter Profit Rises 15% on Fewer Nat Cat Claims

Allianz SE, Europe’s biggest insurer, said second-quarter profit rose 15 percent as lower claims from natural catastrophes offset a drop in earnings at Pacific Investment Management Co. Net income increased to 2.02 billion euros ($2.2 billion) from 1.76 billion euros …

Atlas General Insurance Services is Ranked as One of the 2015 Best Places to Work in San Diego

San Diego, CA, August 7, 2015 – Atlas General Insurance Services, LLC was recently named as one of the Best Places to Work in San Diego. The annual list of the Best Places to Work in San Diego was created …

Whistleblower Lawsuit Accuses Kentucky 911 Dispatchers of Abuse, Sleeping on Job

Two Boone County, Kentucky, emergency dispatch workers have filed a whistleblower lawsuit against the county, accusing a supervisor and co-worker of using abusive language to minority callers and sleeping on duty. The Kentucky Enquirer reports that Kelly Preston and Jeanne …

Environmental Groups Concerned Over Renewed Oil Hunt in Florida

Renewed hunts for oil in sensitive Florida ecosystems have environmental groups raising questions about the state’s regulation of the oil and gas industry. A Miami company, Kanter Real Estate LLC, has submitted a permit application to drill an exploratory oil …

Mississippi Insurance Commissioner Chaney Wins Republican Nomination

Second-term incumbent Mike Chaney of Vicksburg has won the Republican nomination for insurance commissioner. He held off a challenge Tuesday from John Mosley, a body shop owner from Clinton. Mosley campaigned, in part, by saying insurance companies have gotten away …

Union Insurance Group Acquires The McLaughlin Co. in Maryland

Union Insurance Group, a Chicago-based commercial insurance agency specializing in property/casualty and professional liability products for labor organizations, announced that it has acquired The McLaughlin Company, an insurance agency in Rockville, Maryland. Terms of the transaction were not disclosed. “We …

R.I. Landlord Admits to Burning Down Rental Property for Insurance Money

Federal prosecutors say a Providence, Rhode Island, landlord admitted to setting fire to an occupied building he owned in a scheme to collect insurance payments. Rony Metellus pleaded guilty Monday to one count of defrauding an insurance company. Prosecutors say …

Maryland’s Chesapeake Employers Announces New Chairman of Board

Chesapeake Employers’ Insurance Company, the largest writer of workers’ compensation insurance in Maryland, announced the appointment of Charles Dankmeyer as chairman of the Board after having served as vice chairman and member since 2008.