Wall Street Brokers Start Trading Insurer Claims From LA Fires March 20, 2025 By Reshmi Basu, Dorothy Ma and Mark Chediak Wall Street brokers have started selling insurers’ claims tied to Los Angeles’ deadly wildfires, which may trigger a payout from...
California Insurance Commissioner Provisionally OK’s State Farm’s 22% Rate Request March 14, 2025 California Insurance Commissioner Ricardo Lara provisionally approved State Farm’s request for a 22% interim rate hike, the California Department of...
Next Round of Inspections in LA Fire Expected Next Week, Edison CEO Says March 14, 2025 By Laila Kearney Southern California Edison will begin its first close-up physical inspections of certain power equipment under investigation for possible links to...
State Farm, Consumer Group Battle Ahead of Insurance Commissioner Decision March 13, 2025 By Susanne Sclafane Ahead of a decision from California’s insurance commissioner on a State Farm General request for emergency rate increases, company executives...
A California City Is Pioneering Urban-Scale Insurance for Climate Disasters March 13, 2025 By Leslie Kaufman “Fire took everything, please help.” The headline was one of hundreds like it on GoFundMe campaigns that launched even as...
Insurers Have Paid $12B in Claims for LA Wildfires, Report Shows March 12, 2025 Insurance companies have so far paid out more than $12 billion for losses from the two biggest of the Los...
Los Angeles County Sues Utility Edison Over Deadly Wildfire March 5, 2025 By Mark Chediak Los Angeles County sued Edison International to recoup its losses from a January wildfire that was one of the most...
ZestyAI: More Than $2 Trillion in US Homes at High Risk of Wildfires February 28, 2025 While Western wildfires have dominated disaster news for decades, new analysis using artificial intelligence shows millions of homes across the...
Edison Says Wildfire Fund May Shield Balance Sheet From LA Fire Claims February 28, 2025 By Laila Kearney in New York and Tim McLaughlin California’s $21 billion wildfire fund may shield Edison International’s balance sheet if equipment owned by the company’s electric utility is...
Newsom Leans on Veteran Republican to Push $40 Billion California Fire Aid February 28, 2025 By Eliyahu Kamisher California Gov. Gavin Newsom is enlisting veteran Republican lawmaker Ken Calvert to help push his $40 billion wildfire aid request...