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China’s Debt-Ridden Anbang Insurance Aims to Sell $200M of Japan Real Estate: Sources
Anbang Insurance Group Co. Ltd. aims to sell $200 million worth of Japanese real estate to bidders including Blackstone Group LP, about two years after buying them from the U.S. investment firm, two people with knowledge of the matter said. …

POSTED SEPTEMBER 26, 2018 1:38 PM
Construction Company Cited in Connecticut for Safety Hazards, Faces $146K in Penalties
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited L.L.E. Construction LLC for exposing employees to fall and other hazards at a construction worksite in Bridgeport, Conn. The company faces $146,554 in proposed penalties. OSHA inspectors …

POSTED SEPTEMBER 26, 2018 1:38 PM
Delaware Governor Nominates Two for State’s Corporate Court
Delaware Governor John Carney on Thursday nominated a corporate lawyer and a court official to fill two newly created openings on the state’s influential Court of Chancery, which is a major venue for major shareholder disputes. Kathaleen McCormick, an attorney …

POSTED SEPTEMBER 26, 2018 1:19 PM
Clearsurance Partners with CoverHound
Clearsurance, an online publisher of insurance consumer reviews and data, has announced its partnership with CoverHound, an online property and casualty insurance comparison platform. Based just outside of Boston, Mass., and founded in 2016 by Michael Crowe and Todd Kozikowski, …

POSTED SEPTEMBER 26, 2018 1:13 PM
Police Say More Than $75K in Equipment Stolen from Connecticut Business
Police in Connecticut are searching for a suspect they say stole thousands of dollars’ worth of construction equipment from a business. WVIT-TV reports Watertown, Conn., police were called Monday when a business discovered equipment had been stolen from a tractor-trailer. …

POSTED SEPTEMBER 26, 2018 1:09 PM
Slice Labs Raises $20M for Its On-Demand Platform for Insurers
Cloud services provider Slice Labs has raised an additional $20 million that it will use to expand its cloud services for on-demand insurance products globally. The Series A funding round was led by The Co-operators with participation from XL Innovate, …

POSTED SEPTEMBER 26, 2018 1:00 PM
SME Law Firms in England & Wales May See Rise in Professional Indemnity Rates: Marsh
Some professional indemnity (PI) insurers are applying greater rigor, are being increasingly selective, or are repricing risks, for small and mid-sized law firms in England and Wales, warned Marsh in a market update. As Oct. 1 approaches – the most …

POSTED SEPTEMBER 26, 2018 11:51 AM
KPMG Loses More Staff & Clients in Continuing Fallout From S. Africa Gupta Scandal
KPMG LLP is continuing to lose staff and clients in South Africa more than a year after issuing a public apology for some of the work it did in the country, according to people familiar with the matter. A team …

POSTED SEPTEMBER 26, 2018 11:15 AM
Berlin-Based Insurtech Firm Coya Launches with Home Content Insurance – as a Start
Insurtech startup Coya has launched home content insurance cover, designed to be “affordable, transparent and easily accessible.” But Berlin-based Coya said home insurance is just the start and many other forms of insurance are planned. Coya’s flexible contracts can be …

POSTED SEPTEMBER 26, 2018 10:36 AM
Insured Losses from China’s Typhoon Mangkhut Estimated at US$1B-US$2B: AIR
Industry insured losses from Typhoon Mangkhut in mainland China, Hong Kong, and Macau will be between US$1 billion and US$2 billion, according to catastrophe risk modeling firm AIR Worldwide. After making landfall in the Philippines, Typhoon Mangkhut doused a less …

POSTED SEPTEMBER 26, 2018 9:31 AM

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