Washington Man Charged With Starting Devastating Spokane Fire August 4, 2026 By Brian K. Sullivan and Emma Haidar A 37-year-old Washington State man has been arrested and charged with arson in connection with one of the wildfires that...
Goldman Sachs, Talcott Launch $1 Billion Bermuda Reinsurance Sidecar August 4, 2026 Talcott Financial Group and Goldman Sachs have launched a Bermuda-domiciled reinsurance sidecar West Grove Re, the life insurance provider said...
NYC Mayor Mamdani’s Rent Freeze Heaps Pressure on a Teetering CMBS Deal August 4, 2026 By Scott Carpenter and Owen McCarthy A $506 million bet on thousands of New York rent-stabilized apartments has already soured for bond investors. Mayor Zohran Mamdani’s...
Hormuz Traffic at a Trickle as Ship Attacks Heighten Concerns August 4, 2026 By Weilun Soon Observable traffic transiting the Strait of Hormuz remained at a trickle as attacks on vessels and Iranian threats heightened safety...
China Signals Nation Is Ready to Lead Global Climate Action August 4, 2026 By Lili Pike China signaled it plans to take a more important role in steering the global campaign to tackle climate change, as...
Rhine Falls to Lowest Since 1880, Threatening European Trade August 4, 2026 By Eamon Akil Farhat The Rhine River’s water levels dropped to the lowest in nearly 150 years as hot, dry weather grips Europe, threatening...
Britain Says it Is Open to AI Regulation if Voluntary Safeguards Fall Short August 4, 2026 By Paul Sandle Britain would consider regulating advanced AI models if its current voluntary system for testing them before deployment no longer proved...
Europe’s Wildfire Season Exposes Climate Insurance Protection Gap August 4, 2026 By Jemima Denham, Elizabeth Howcroft and Michael Jones Domestic insurers are expected to absorb most of the losses from Europe’s worst wildfire season in recent history, but the...
People Moves: Chubb’s Westchester Announces Leadership Appointments; Fields to Lead New Marsh US Semiconductor, AI Compute Practice August 4, 2026 Chubb announced key executive appointments within Westchester, the company’s wholesale excess and surplus (E&S) lines business in North America. Dave...
UBS Fined $125M by US Regulators for Money Laundering Violations August 4, 2026 By Jonathan Stempel UBS was fined $125 million by U.S. regulators on Aug. 3 for violating the Bank Secrecy Act, the largest civil...