Monthly Archives: <span>August 2019</span>

AXA’s H1 Net Income Drops 19% on Hit From Spinoff of Equitable in U.S.

AXA SA’s shift away from life insurance yielded growing volumes and improved profitability as a restructuring move hit the bottom line. The French financial giant’s first-half net income fell 19% to 2.33 billion euros ($2.5 billion) at constant currencies, missing …

Florida Regulator Calls Open Hurricane Michael Claims ‘Discouraging’; Plans Data Call

With more than 20,000 claims related to Hurricane Michael still open nine months after the storm hit the Florida Panhandle, Florida’s top insurance regulator is calling on the insurance industry to take “all actions necessary” to bring policyholder claims to …

World Insurance Associates Acquires West Coast Insurance, Combs Insurance of Florida

World Insurance Associates LLC, an independent insurance agency headquartered in Tinton Falls, N.J., has expanded its presence in Florida with the acquisitions of West Coast Insurance Group and Combs Insurance, effective July 1, 2019. West Coast Insurance Group of Saint …

Capital One Breach Clouds Technology Strategy; Puts $400M Cyber Insurance in Play

Capital One Financial Corp., in recent years, has beat the drum every chance it got: The cloud is cheaper. The cloud is faster. And the cloud is far more secure. Then a hacker got into the cloud, siphoning off sensitive …