Laurence Darmiento covers wealth and dealmakers in Southern California for the Los Angeles Times. He joined the paper in 2015 as an assistant business editor and has overseen finance, real estate and Washington business coverage. Darmiento previously had been the managing editor of the Los Angeles Business Journal and was a reporter for the Los Angeles Daily News and other outlets. A New York native, he is an alumnus of Cornell University.
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Consumer advocates and insurance firms clashed at a state hearing over plans to use complex computer simulations to set homeowners’ premiums.
Los Angeles County Sheriff’s Deputy Alfredo ‘Freddy’ Flores died on Saturday six months after a fire at a department training range.
April 21, 2024
The tram had an issue with its brakes, and the last car struck a rail when it was traveling down a hill of a parking structure, the Los Angeles County Sheriff’s Department said.
April 21, 2024
An increasing number of insurance companies have made the decision to stop insuring homes in wildfire-prone California.
April 19, 2024
An incident at a Brentwood dog park has turned into a court battle. Was philanthropist Gary Michelson the victim of of extortion? Or did the billionaire, attached to his pet and worried over his public image, use his wealth and legal savvy to evade responsibility for an aggressive dog?
April 16, 2024
The deep-discount retailer started in L.A. in 1982 and grew to 371 stores. Now all are closing, with rising crime, competition, inflation and the pandemic contributing to the company’s fall.
April 10, 2024
El minorista de grandes descuentos de la Ciudad de Commerce, durante años una de las pocas tiendas verdaderamente “de un dólar”, cierra su negocio después de más de cuatro décadas.
April 6, 2024
The City of Commerce deep-discount retailer, for years one of the few true “dollar” stores, calls it quits after more than four decades.
April 5, 2024
L.A. billionaire Don Hankey made a fortune in subprime auto loans and hard-money lending before coming to the rescue of Donald Trump and financing his appeal bond in the former president’s New York civil fraud case.
April 3, 2024
Major insurers have pulled back from California’s homeowners market, citing wildfires, inflation and other challenges. But there are steps at-risk homeowners can take now to secure coverage and at lower prices.
March 29, 2024