July 10, 2026

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UK to Regulate Cloud Service Providers Microsoft, Google And Others to Protect Financial Stability

Britain has designated cloud service providers Microsoft, Google, Amazon and Oracle as critical third-party suppliers to its financial sector, bringing them under direct regulatory oversight. The move is aimed at strengthening the resilience of financial firms by reducing the risk …

Carmakers Broadly Win Round One in Massive UK Suits Over Diesel Emissions

Some of the world’s biggest carmakers on Friday largely won the first stage of a major legal battle over claims that their diesel vehicles were fitted with unlawful “defeat devices” to curtail emissions controls. In a summary of her judgment, …

Hormuz Ship Insurance Demand Drops as Owners Get Nervous

Two marine war insurance brokers and two underwriters said they have seen fewer requests for quotes since a ceasefire in the Middle East all but broke down this week.

Ex-Banker Convicted in Deadly Car Crash Seeks Ferrari Records

An ex-Deutsche Bank AG banker imprisoned over a fatal car crash in Hong Kong is seeking to clear his name in a UK court by forcing Ferrari to hand over internal documents he claims could prove the vehicle was unsafe. …

CSU Lowers Atlantic Hurricane Forecast to ‘Well Below Normal’

Thanks to a strengthening El Niño , the rest of the Atlantic hurricane season will be well below normal, said researchers at Colorado State University. In a July 8 update to its forecast, CSU said the 2026 hurricane season will …

El Niño Likely Strongest in 75 Years, Forecasters Say

The weather-roiling El Niño that emerged across the Pacific last month has continued to build and will likely be one of the strongest in more than 75 years, the U.S. Climate Prediction Center said. Sea surface temperatures of 1C (1.8F) …

US Warns 463,000 Kia Owners to Park Outside Over Fire Risks

The U.S. National Highway Traffic Safety Administration urged owners of 463,000 Kia crossover SUVs to park outdoors because of fire risks until new recall repairs are completed. Kia said it would recall 463,000 Telluride crossovers in the U.S. from the …

AXA XL Names Rodliff Chief Claims Officer, Americas

AXA XL named Matt Rodliff chief claims officer, Americas. Rodliff succeeds Jim DiVirgilio, who announced his retirement. DiVirgilio will retire at the end of July and will continue in an advisory role through the end of the year. Rodliff will …