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January wildfire victims urged Gov. Gavin Newsom to seek Insurance Commissioner Ricardo Lara’s resignation, saying he has let insurers run roughshod over them.
Elon Musk’s SpaceX defended its progress developing a Moon lander in a blog post Thursday, following NASA’s decision to reopen the program to other companies.
Residential policyholders across California could be paying several hundred million dollars to help cover the costs of claims arising out of the January firestorms in Los Angeles County.
The Consumer Financial Protection Bureau has terminated a consent order prohibiting Citibank from discriminating against Armenian American customers three years before it was to expire.
Beyond Meat, the El Segundo pioneer of plant-based hamburger patties, saw its stock collapse this week after it finalized a deal to reduce its debt.
Fire survivors to get up to $350,000 for personal property without itemized list under new state law
Fire victims whose homes burn down in a catastrophe can get as much as $350,000, or 60% of their personal property coverage, up front under a new law signed by Gov. Gavin Newsom.
Insurance Commissioner Ricardo Lara has proposed stricter funding rules for consumer groups that challenge insurer rate hikes under California’s landmark Proposition 103.
Gov. Gavin Newsom signed bills to shore up the finances and beef up oversight of California’s FAIR Plan, which offers insurance of last resort to homeowners.
The California FAIR Plan Assn., which covers homeowners denied insurance, is seeking a 35.8% rate increase, though some policyholders could pay more or less depending on fire risk.
The Thursday evening explosion and fire at the Chevron oil refinery in El Segundo is expected to spike the prices at the pump in the L.A. area for at least some time.
