Two major California home insurers to raise rates later this year, affecting 666,000 customers
Regulators have given two major insurers the OK to begin raising rates for 660,000 customers starting later this year.
Update: Palisades Fire remains 100% contained, 23,706.6 acres destroyed in Los Angeles County
Palisades Fire initially started 10:30 a.m. Jan. 7 in Los Angeles County. It has burned 23,706.6 acres after being active for more than a month. A crew of 800 firefighters managed to contain the blaze ...
Zurich Insurance operating profit just above forecasts, assesses California wildfires impact
Zurich Insurance reported slightly higher-than-expected annual operating profit on Thursday, as insurers ride out the impact ...
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EEI floats a federal fund for utility wildfire claims
After the Los Angeles fires, the Edison Electric Institute proposal is aiming to defray massive judgments against utilities ...
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LA wildfires intensify political jousting over home insurance premiums
The insurance commissioner must, of course, protect the interests of consumers, but one of those interests is a healthy insurance market, and a parallel duty is making insurance profitable enough ...
Newsom proposes $125 million mortgage relief program for disaster victims
Gov. Gavin Newsom is forming a $125 million mortgage relief program to benefit victims of recent wildfires and natural ...
California lawmakers grill leader of Public Utilities Commission about expensive electricity bills
A panel of California State Senators grilled Alice Reynolds, the president of the California Public Utilities Commission, on ...