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Augmented Reality Property Claims Venture Raises $3.9 Million

PLNAR, an augmented reality service that creates, fully measured, real-time 3D models of any room, has raised $3.9 million in a Series A investment round led by insurtech and healthcare venture capital fund ManchesterStory Group. Additional funding came from The …

Republicans Move to Clarify Tax Provision on Sexual Harassment Claims

U.S. Senate Republicans on Thursday sought to correct a section of President Donald Trump’s tax overhaul that threatened to prevent sexual harassment victims from claiming a tax deduction for the legal costs they incur while pursuing their cases. In a …

Chubb Appoints Wong as Country President for Hong Kong, Taiwan & Macau

Chubb has appointed Stanley Wong as country president for Hong Kong, Taiwan & Macau, effective Oct. 1, 2018. He replaces Doug White, who was appointed to the role of head of the Major Accounts Division for Chubb in Asia Pacific. …

AIR Worldwide Estimates Insured Losses from Japan Floods Could Reach US$4B

Industry insured losses from the flooding in western Japan caused by excessive rainfall from June 28 to July 8, 2018, will be between JPY284 billion (US$2.6 billion) and JPY423 billion (US$4.0 billion), according to Boston-based catastrophe modeling firm AIR Worldwide. …

Genoa Bridge’s ‘Unusual’ Design Investigated as Possible Contributor to Collapse

The bridge that collapsed in the Italian port city of Genoa was considered a feat of engineering innovation when it was built five decades ago, but it came to require constant maintenance over the years. Its design is now being …

China’s Ping An Insurance Profits Rise 34% in First Half, Biggest in 10 Years

Ping An Insurance Group Co of China , the country’s largest insurer by market value, on Tuesday reported its biggest half-yearly profit in at least a decade on robust customer growth. The results underline strength in Ping An’s business versus …

Extreme Weather Risk Grows as Warming Earth Disrupts High-Altitude Winds: Study

Scorching summer heatwaves and downpours are set to become more extreme in the northern hemisphere as global warming makes weather patterns linger longer in the same place, scientists said on Monday. They said there was a risk of “extreme extremes” …

VW’s CEO Knew About Cheating Software Before Scandal Emerged: Der Spiegel

Volkswagen Chief Executive Herbert Diess was told about the existence of cheating software in cars two months before regulators blew the whistle on a multi-billion exhaust emissions scandal, German magazine Der Spiegel said. Der Spiegel’s story, based on recently unsealed …

Benetton Family’s Wealth Drops by $2B After Genoa Bridge Disaster

Fallout from the Genoa bridge disaster has erased about $2 billion of net worth from one of Italy’s richest families. The billionaire Benettons control 30.25 percent of Atlantia SpA, the construction company and toll-road owner that operated the Morandi Bridge …

Artist R. Kelly Accused of Damaging Georgia Rental Homes in Lawsuit

An Atlanta-area property company is suing Grammy-winning R&B artist R. Kelly for $203,400 over “extensive damage” to two homes he rented. The Atlanta Journal-Constitution reports SB Property Management Global, LLC., based in East Point, filed the lawsuit Wednesday. It says …

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