Insurance Australia Ends Talks to a Buy Stake in China Pacific Insurance

(Bloomberg) -- Insurance Australia Group Ltd., the
nation's largest auto and home insurer, ended talks to buy a
stake in Shanghai-based China Pacific Property Insurance Co.

The company agreed in July last year to buy 24.9 percent of
the unit of China Pacific Insurance (Group) Co. for as much as
A$375 million ($312 million) to enter a market where sales grew
almost 10 percent last year.


Read more at Bloomberg Emerging Markets News

UPDATE 1-U.S. sues two real-estate firms

(Reuters) - The suit, filed on Wednesday in the central district of
California, seeks to recover "illegitimate profits" generated
by "sham" joint ventures formerly operated by Realogy Corp.,
Prudential California Realty and Property I.D. Corp.




Under California law, home sellers or their real estate
agents are required to provide a statement of hazards, such as
flooding, fires, or earthquake fault lines, usually in the
settlement process for a property sale, according to the
government.


Read more at Reuters.com Government Filings News