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AXA Posts Higher-Than-Expected $7.6B Profit, Ahead of U.S. IPO
French insurer AXA posted higher-than-expected 2017 net profits and stronger earnings in the United States, ahead of the planned flotation of its American life insurance and asset management businesses in the second quarter this year. AXA, which ranks as Europe’s …

POSTED FEBRUARY 22, 2018 10:18 AM
Supreme Court, 9-0, Denies Bid to Expand Whistleblower Protections
The U.S. Supreme Court on Wednesday refused to broaden protections for corporate insiders who call out misconduct, ruling they must take claims of wrongdoing to the Securities and Exchange Commission in order to be shielded against retaliation. The justices ruled …

POSTED FEBRUARY 22, 2018 6:00 AM
SEC Updates Guidance on Cyber Disclosure by Companies
The U.S. Securities and Exchange Commission on Wednesday updated guidance to public companies on how and when they should disclose cyber security risks and breaches, including potential weaknesses that have not yet been targeted by hackers. The guidance also said …

POSTED FEBRUARY 22, 2018 6:00 AM
Gone With The Wind: Storms Deepen Florida’s Beach Sand Crunch
Down the palm tree-lined roads of northeast Florida’s Flagler County, a half-dozen dump trucks are shuttling back and forth along the Atlantic coast pouring thousands of tons of sand onto the local beach. Replacing sand swept away by waves and …

POSTED FEBRUARY 22, 2018 5:42 AM
Miami Roofing Company Owners Arrested Over $1 Million Workers’ Comp Scam
Owners of a Miami roofing company have been accused of concealing nearly $1.2 million in payroll on their workers’ compensation policy renewal application in an alleged attempt to illegally lower their premium costs, according to Chief Financial Officer Jimmy Patronis. …

POSTED FEBRUARY 22, 2018 5:22 AM
Collins to Replace Schuettner as President of Insurance Designers of America
J. Craig Collins has joined Insurance Designers of America, LLC and will take over for Dick Schuettner, who will retire March 31. In his role, Collins will direct general business development including creating strategic business initiatives and expanding sales and …

POSTED FEBRUARY 22, 2018 5:13 AM
CAL Insurance Names Coffey Account Manager in California
CAL Insurance & Associates Inc. has named Aletha Coffey an account manager on its commercial lines team. Coffey was previously a commercial account executive with GS Insurance Solutions. She was a marketing representative for BizInsure before that. CAL Insurance is …

POSTED FEBRUARY 21, 2018 11:14 PM
First Surety Bond Program for California Cannabis Industry OK’d
California Insurance Commissioner Dave Jones has approved the first surety bond program for the cannabis industry in the California. Continental Heritage Insurance Co. is the first insurer in the state to be approved to offer surety bonds for the cannabis …

POSTED FEBRUARY 21, 2018 10:13 PM
Brown Tapped to Chair Oklahoma Senate Insurance Committee
Oklahoma state Sen. Bill Brown will serve as the chair of the Senate’s Pensions, Retirement and Insurance Committee for the 2018 legislative session. Other members of the committee are Vice Chair Marty Quinn, Sen. James Leewright, Sen. Lonnie Paxton, Sen. …

POSTED FEBRUARY 21, 2018 5:48 PM
Businesses Closed After Historic Ohio Building Collapses
A historic building has collapsed in Ohio, leading officials to close nearby businesses until it is stabilized or torn down. Medina Fire Chief Bob Painter says the back canopy of the three-story Medina building collapsed Sunday during the town’s Ice …

POSTED FEBRUARY 21, 2018 5:30 PM

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