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Florida’s Edison Files for 9.8% Average Residential Rate Drop
Boca Raton-based Edison Insurance Co., now with more than 145,000 policies in force, has joined the list of Florida property insurers filing for rate decreases this year, three years after state lawmakers approved significant disincentives for claims litigation. Edison recently …
POSTED AUGUST 04, 2026 2:16 PM |
Lawsuit Says EEOC Has Halted All Federal-Sector Class Complaints
A labor union and two female prison employees filed a lawsuit late last month accusing a U.S. civil rights agency of unlawfully halting their sexual harassment case as part of wider order to indefinitely suspend proceedings in all federal-sector class …
POSTED AUGUST 04, 2026 1:45 PM |
Washington Man Charged With Starting Devastating Spokane Fire
A 37-year-old Washington State man has been arrested and charged with arson in connection with one of the wildfires that is devastating Spokane, the County Sheriff’s Office said in a statement. Aaron Farinacci, of Spokane, was taken into custody at …
POSTED AUGUST 04, 2026 1:27 PM |
Goldman Sachs, Talcott Launch $1 Billion Bermuda Reinsurance Sidecar
Talcott Financial Group and Goldman Sachs have launched a Bermuda-domiciled reinsurance sidecar West Grove Re, the life insurance provider said on Tuesday, which has so far raised $1 billion. The capital raise includes a credit facility and equity commitments from …
POSTED AUGUST 04, 2026 1:12 PM |
NYC Mayor Mamdani’s Rent Freeze Heaps Pressure on a Teetering CMBS Deal
A $506 million bet on thousands of New York rent-stabilized apartments has already soured for bond investors. Mayor Zohran Mamdani’s rent freeze threatens to make it worse. The commercial-property bond, backed by the mortgage on 53 buildings across Queens, Brooklyn, …
POSTED AUGUST 04, 2026 12:40 PM |
Hormuz Traffic at a Trickle as Ship Attacks Heighten Concerns
Observable traffic transiting the Strait of Hormuz remained at a trickle as attacks on vessels and Iranian threats heightened safety concerns for shipowners and crews considering a trip through the waterway. Shipping activity was subdued on Tuesday after six smaller …
POSTED AUGUST 04, 2026 10:32 AM |
China Signals Nation Is Ready to Lead Global Climate Action
China signaled it plans to take a more important role in steering the global campaign to tackle climate change, as officials offered further details on strategy to mitigate and adapt to rising temperatures. The nation “will constructively lead the multilateral …
POSTED AUGUST 04, 2026 9:56 AM |
Rhine Falls to Lowest Since 1880, Threatening European Trade
The Rhine River’s water levels dropped to the lowest in nearly 150 years as hot, dry weather grips Europe, threatening to disrupt a crucial route for transporting coal, fuel and industrial commodities across a large swath of the continent. The …
POSTED AUGUST 04, 2026 9:26 AM |
Britain Says it Is Open to AI Regulation if Voluntary Safeguards Fall Short
Britain would consider regulating advanced AI models if its current voluntary system for testing them before deployment no longer proved sufficient to protect the public, AI Minister Kanishka Narayan told Reuters. Britain has favored a light-touch approach to AI regulation, …
POSTED AUGUST 04, 2026 9:01 AM |
Europe’s Wildfire Season Exposes Climate Insurance Protection Gap
Domestic insurers are expected to absorb most of the losses from Europe’s worst wildfire season in recent history, but the blazes are also raising a bigger question: who will pay as climate-driven disasters become more frequent and destructive? Authorities have …
POSTED AUGUST 04, 2026 8:51 AM |
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