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Amazon’s Jarrett Walters gets on one knee to propose to girlfriend Stephanee Voigner at work in Indiana recently. (RunSwitch PR Photo)

Amid the growing frequency and severity of California's wildfires, insurance companies are facing huge payouts. To avoid catastrophic losses, some are increasing prices and canceling policies, especially in fire-prone areas, leaving many homeowners without adequate coverage.

Among the measures decided at the meeting was a reduction in construction assurance deposit requirements and the cancellation of an industry restructuring charge that is ultimately levied via power bills.

Amid growing concerns about the global economic outlook, geopolitical risks and the sporadic resurgence of the novel coronavirus epidemic, prices of the yellow metal have been rising as safe-haven buying continued to spur gold to greater heights. Gold prices hit ,944.68 per ounce on July 27, breaking the previous record of ,921.15 seen in September 2011. Prices have risen by about 25 percent so far this year, according to data from Shanghai-based market tracker Wind Info.

American Airlines said it flew a Boeing 737 from Miami to Nassau to drop off 14,000 pounds of relief supplies. The airline is also giving frequent-flyer points to customers who donate at least to the Red Cross.