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AXA Posts 12% Increase in 2014 Profit Led by Life & Savings Division

AXA SA, France’s largest insurer, reported a 12 percent jump in full-year profit, buoyed by its life and savings division. The shares rose. Net income climbed to 5.02 billion euros ($5.7 billion) from 4.48 billion euros a year earlier, AXA …

New Claims Consulting Firm Opening in Dallas

Nelson Claims Consulting LLC announced the formation of a highly specialized consulting group focused on providing management services to insurance carriers, policyholders and legal teams for all components of complex and high value contents claims, dispute resolution and litigation support. …

Secretary of State Warns Indiana Business Owners of Payment Scam

Indiana’s secretary of state is warning Hoosier businesses to be wary of a payment scam that’s tied to a deceptive letter. Connie Lawson says businesses have recently received a letter claiming to come from a group called the Indiana Council …

More than $1M Awarded in Oklahoma Nursing Home Lawsuit

The former owner of an Oklahoma City nursing home must pay a woman’s family more than $1 million in damages after staff were caught abusing the woman on camera. A jury recently awarded the three daughters of 96-year-old Eryetha Mayberry …

Berkley: Google’s Entry Into Auto Insurance Should Frighten Agents

That Google is getting into auto insurance should have the voice in the head of every agent who sells personal auto coverage saying: “Be afraid, be very afraid.” OK, that’s not exactly how W.R. Berkley Corp. CEO William R. Berkley …

Earthquake Authority to Study Quake’s Impact on Napa Homes

The California Earthquake Authority has begun surveying Napa residents to find out how well their homes withstood the magnitude 6.0 earthquake centered in the South Napa area on Aug. 24, 2014. Under an initiative that CEA executives hope will lead …

SIAA Grew Premium to $5.7B, Signed 410 New Member Agencies in 2014

SIAA (Strategic Insurance Agency Alliance) said it grew premium by $901 million in 2014 to $5.7 billion, with 80 percent of its growth coming from existing member agencies. Premium growth with SIAA’s strategic partner companies was up more than $576 …

Weaver Joins Aegis Specialty Insurance Services in California

Sunnyvale, Calif.-based Aegis Specialty Insurance Services has named Brian Weaver vice president of sales. Weaver has more than 34 years of insurance sales experience. Most recently, Weaver was vice president of sales for Pacific Specialty Insurance Co. Aegis Specialty is …

Analyst: Taxi Medallions No ‘Safe haven’ in Wake of Uber

Uber, the popular ride-hailing app, is hitting taxicabs where it hurts: The medallion business. Taxi companies make money by charging drivers for medallions, or licenses to drive their cabs. In a note to investors last week, Jefferies analyst Sean Darby …

Conn. Senator Urges DOJ to Investigate Auto Insurers’ ‘Preferred’ Repair Shops

U.S. Senator Richard Blumenthal (D-Conn.) is urging the Department of Justice (DOJ) to investigate a recently aired CNN report’s allegation that auto insurers may be pressuring consumers to repair their vehicles at the insurers’ preferred repair shops. “Contrary to what …

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