As wildfires devastate Los Angeles County, thousands are unsure if insurance will cover their destroyed properties, with potential losses estimated at $20bn. The fires have killed 27 people, destroyed over 12,300 homes, and could become the costliest natural disaster in US history. Insurance companies like State Farm cancelled policies due to California regulations limiting rates and slow approval processes, leaving many homeowners vulnerable to massive losses.
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Jeweller Sir Michael Hill dies aged 86
Sir Michael Hill, the founder of Michael Hill Jeweller, passed away at the age of 86 after stepping down from the board for cancer treatment. Known as a celebrated jeweller and philanthropist, he, along with his wife Lady Christine, transformed the business from its origins in Whangārei, New Zealand, into a prominent global retail brand. Want More Context? 🔎
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