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7
08, 2015
Allianz 2nd Quarter Profit Rises 15%, Spurred by P&C Earnings
Allianz SE, Europe’s biggest insurer, said second-quarter profit rose 15 percent, spurred by earnings from property and casualty. Net income increased to 2.02 billion euros ($2.2 billion) from 1.76 billion euros [$1.9 billion] a year earlier, the Munich-based company said …
The article Allianz 2nd Quarter Profit Rises 15%, Spurred by P&C Earnings appeared first on Insurance Journal.
5
08, 2015
Ohio Couple Awarded $1.3M for Diesel Pumped into Basement
A jury has awarded than $1.3 million in damages to a couple whose southern Ohio farmhouse was made inhabitable when a fuel deliverer mistakenly pumped 600 gallons of diesel into their basement. The Ross County jury awarded the money to …
The article Ohio Couple Awarded $1.3M for Diesel Pumped into Basement appeared first on Insurance Journal.
7
08, 2015
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 [$395.2 million], London-based RSA …
The article RSA Reports 84% Jump in 1st Half Operating Profit appeared first on Insurance Journal.
5
08, 2015
New Rules Limit Amount of Wastewater in Oklahoma Disposal Wells
The Oklahoma Corporation Commission is imposing new guidelines on oil and natural gas disposal well operations in response to a rise in earthquake activity in northern Oklahoma and southern Logan counties. The commission that regulates the oil and gas industry …
The article New Rules Limit Amount of Wastewater in Oklahoma Disposal Wells appeared first on Insurance Journal.
7
08, 2015
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 (life …
The article AXA Enters Exclusive Negotiations to Sell Portuguese Operations appeared first on Insurance Journal.
4
08, 2015
Proposal: Newtown Victims’ Families Would Split $1.5M From Homeowner Policy
The families of more than a dozen victims of the Newtown school shooting rampage in Connecticut would split $1.5 million under proposed settlements of lawsuits against the estate of the gunman’s mother. The lawsuits filed this year accuse Nancy Lanza …
The article Proposal: Newtown Victims’ Families Would Split $1.5M From Homeowner Policy appeared first on Insurance Journal.
7
08, 2015
Zurich Insurance’s Investors Grow Impatient with CEO Senn’s Strategy
Martin Senn, Zurich Insurance Group AG’s chief executive officer, is considering a bid for RSA Insurance Group plc, one of the U.K.’s biggest insurers, after a cost-cutting program failed to revive returns for shareholders. Investors including GAM Holding AG are cautious about …
The article Zurich Insurance’s Investors Grow Impatient with CEO Senn’s Strategy appeared first on Insurance Journal.
4
08, 2015
NCCI Proposes Decrease for Workers’ Comp Loss Costs in Maryland
The National Council on Compensation Insurance (NCCI) recently delivered a workers’ compensation loss cost filing to the Maryland Insurance Administration. NCCI stated in its July 28 filing that based on its review of the most recently available data, it is …
The article NCCI Proposes Decrease for Workers’ Comp Loss Costs in Maryland appeared first on Insurance Journal.
7
08, 2015
France Expands Search for MH 370 Debris at Malaysia’s Request
The French government has responded to a request from Malaysia for more help in the search for the missing Malaysia Airlines plane. France said it would send planes, boats and helicopters to scour the coast of the remote Indian Ocean …
The article France Expands Search for MH 370 Debris at Malaysia’s Request appeared first on Insurance Journal.
5
08, 2015
Poeton Named Sr. VP in State National’s Program Services Segment
Bedford, Texas-based State National Cos. Inc. appointed Tim Poeton senior vice president of business development in its Program Services segment. Poeton has more than 30 years of insurance and reinsurance experience. Most recently, he served as senior vice president and branch …
The article Poeton Named Sr. VP in State National’s Program Services Segment appeared first on Insurance Journal.