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By Dan Bacher, DAILY KOS https://www.dailykos.com/story/2025/2/5/2301645/-New-2024-CA-Oil-Drilling-Permits-Drop-to-73-But-Oil-Regulators-Drop-Ball-on-Bonding Los Angeles, CA—Approvals for new oil well drilling permits in California dwindled to 73 in 2024…
Feb 5, 2025
By Levi Sumagaysay, CALMATTERS State Farm, the largest insurer for California homeowners, this week asked the state to approve “emergency” rate increases…
Feb 5, 2025
By Laurence Darmiento, LOS ANGELES TIMES https://www.latimes.com/business/story/2025-02-03/state-farm-californias-largest-homeowners-insurer-asked-monday-for-an-emergency-22-rate-increase State Farm General, California’s largest home insurer, asked state officials for an emergency rate hike…
Feb 5, 2025
By Blanca Begert, POLITICO https://www.politico.com/newsletters/california-climate/2025/02/04/why-tesla-needs-a-trump-lifeline-00202519?nname=california-climate&nid=00000189-315c-d8dd-a1ed-797dc9f10000&nrid=9df49bfd-52ce-419e-b9c2-dba48e0990e3 OIL COUNT: The U.S. may have had a record high year (opens in new tab) for oil drilling, but in…
Feb 5, 2025
By Ethan Varian, MERCURY NEWS State Farm, the largest insurance company in California, has for its customers and the broader insurance market…
Feb 4, 2025
By Megan Fan Munce, SAN FRANCISCO CHRONICLE https://www.sfchronicle.com/california-wildfires/article/state-farm-insurance-financial-20137020.php State Farm General, already facing financial peril before the Los Angeles wildfires, has asked…
Feb 4, 2025
By Staff Reporters, KFI-AM – Los Angeles, CA Click below to listen to the audio of this radio broadcast segment.
Feb 4, 2025
By Anabel Sosa, THE LOS ANGELES TIMES https://www.latimes.com/california/story/2025-01-30/insurance-committee-chair-corruption-probe State Sen. Susan Rubio, a Democrat from Baldwin Park, was reappointed last week as chair…
Jan 31, 2025
By Ted Andersen, SAN FRANCISCO BUSINESS TIMES https://www.bizjournals.com/sanfrancisco/news/2025/01/23/real-estate-fire-insurance-los-angeles-wildfires.html The bulk of San Francisco homes may not be located in forested areas, but when…
Jan 23, 2025
By Isabel Vincent, NEW YORK POST https://nypost.com/2025/01/17/us-news/la-mayor-karen-bass-office-hit-with-accusations-of-legalized-corruption Los Angeles Mayor Karen Bass got into office promoting diversity, equity and inclusion (DEI) and promising…
Jan 21, 2025
By Chris Isidore, CNN https://edition.cnn.com/2025/01/17/business/california-fire-cost-insurance-premium-hike/index.html New York (CNN) – A recent rule change could cause insurance premiums to spike for homeowners across…
Jan 21, 2025
By Megan Fan Munce, SAN FRANCISCO CHRONICLE https://www.sfchronicle.com/california-wildfires/article/state-farm-insurance-fire-20034384.php Months before the Los Angeles wildfires (opens in new tab) sparked, State Farm’s California arm was already in…
Jan 21, 2025
By Lori Weisberg & Kristen Taketa, SAN DIEGO UNION-TRIBUNE David and Peggy Blue were dumbfounded when they were notified last month that…
Jan 19, 2025
By Maxwell Adler, Mark Chediak, and Amanda Albright, BLOOMBERG https://www.bnnbloomberg.ca/investing/2025/01/16/la-fires-test-bond-market-used-to-shaking-off-disasters (Bloomberg) — There’s a truism in municipal debt: Bonds rarely move on natural disasters. That long-tested…
Jan 17, 2025
Homeowners everywhere could get stuck with the bill when disaster strikes, experts fear. By Alex Brown, OHIO CAPITAL JOURNAL In the months…
Jan 17, 2025
By Alex Brown, STATELINE In the months before thousands of Los Angeles homes went up in flames, property insurance companies dropped coverage…
Jan 16, 2025
By Stephen Hobbs, SACRAMENTO BEE https://www.sacbee.com/news/politics-government/capitol-alert/article298552728.html A bill meant to help stabilize California’s troubled insurance market has key early support as wildfires…
Jan 16, 2025
By Jean Eaglesham and Sara Randazzo, WALL STREET JOURNAL https://www.wsj.com/finance/insurers-rule-change-puts-california-homeowners-on-the-hook-for-l-a-fire-88336040?st=j48Sbs&reflink=desktopwebshare_permalink ALTADENA, Calif.—A little-noticed rule change last year by California’s insurance regulator will likely shift…
Jan 15, 2025