Archive for December 2015

The U.S. Treasury and Internal Revenue Service said they are extending some Affordable Care Act reporting deadlines to help companies meet the requirements. Employers will have two more months past Feb. 1 to give individuals forms for reporting on offers … Read More Read more here:: Insurance Journal       

U.K. insurers may face claims totaling as much as 1.5 billion pounds ($2.2 billion) from businesses and homeowners for damage caused by two storms this month, according to consultant KPMG LLP. Heavy rain and flooding is estimated to have caused … Read More Read more here:: Insurance Journal       

AXA announced it will acquire Liberty Ubezpieczenia, the Polish property & casualty operations of Liberty Mutual Insurance Group for 92.3 million Polish Zloty ($23 million), plus the net asset value outstanding as of the date of closing. Liberty Ubezpieczenia is … Read More Read more here:: Insurance Journal       

Arthur J. Gallagher & Co. has acquired 100 percent of the capital stock of Strathearn Insurance Group Pty Ltd., headquartered in Perth, Australia. Terms of the transaction were not disclosed. Founded in 1993, Strathearn provides commercial insurance and risk management … Read More Read more here:: Insurance Journal       

ACE Group announced the future commercial property & casualty leadership team for the new Chubb Group in Asia Pacific. These appointments will take effect upon completion of the acquisition of Chubb, which is expected in the first quarter of 2016. … Read More Read more here:: Insurance Journal       

The Insurance Council of Australia (ICA) has declared a Catastrophe for areas of Victoria’s Great Ocean Road region affected by Christmas Day bushfires. ICA CEO Rob Whelan said the declaration enabled the insurance industry to escalate its response to assist … Read More Read more here:: Insurance Journal       

Mark Shepherd, General Insurance Policy Manager at the Association of British Insurers (ABI), said: “Insurers will be doing everything possible to help customers hit by the latest floods. “They will be operating 24 hour emergency helplines to give customers immediate … Read More Read more here:: Insurance Journal       

China’s stock market posted its biggest one-day fall in two weeks on Thursday, as investor interest in blue chips suddenly cooled after regulators tightened rules for insurers investing in listed firms. The blue-chip CSI300 index fell 1.0 percent, to 3,829.40, … Read More Read more here:: Insurance Journal       

Following a review by Steamship Services Joint War Committee, the War Breach areas have been revised and amended. War and Piracy warnings have been amended for the Indian Ocean, Arabian Sea, Gulf of Aden, Gulf of Oman and the Southern … Read More Read more here:: Insurance Journal