Private-Credit Firms Clamp Down on Loan Sweeteners in Fear of 'Shadow Defaults'
Borrowers have delayed interest payments on billions of dollars of loans, raising concerns that defaults are higher than reported.
Insurance Risks Remain High as Wildfire Threat Rises, Swiss Re Institute Says
Wildfire risk is the fastest-growing weather peril globally, according to the insurer, which added that estimated natural-catastrophe losses fell sharply in the first half of the year.
America's Mortgage King Lost $600 Million and Needed a Rescue
