A significant financial loss has been reported due to a fire on the Hawaiian island of Maui. According to recent reports, the damage is estimated at $1.7 billion. Additionally, Royal Bank of Canada's (RBC) former Chief Financial Officer (CFO) has filed a lawsuit in connection with the incident.

Source: https://www.bloomberg.com/news/audio/2024-08-09/-1-7-billion-loss-from-maui-fire-rbc-s-former-cfo-sues-more