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State Sen. Ben Allen, who represents the Pacific Palisades fire zone, won the Democratic Party’s endorsement for insurance commissioner over former San Francisco Supervisor Jane Kim, who won the backing of the California Federation of Labor Unions.
Federal authorities are investigating billions in related-party loans made by two insurers owned by Mark Walter reportedly to entities associated with him or his holding company.
SpaceX announced its first earnings since its June IPO, cutting its losses and growing its revenue more than expected.
An appeals court has upheld a California regulation allowing insurers to charge unmarried drivers more for auto insurance.
The companies backed by the owner of the Dodgers may have failed to disclose loans properly.
A proposed state law would allow insurers to track the habits of California drivers to get the cheapest insurance.
Mahender Makhijani, who was ordered to pay $1.34 billion in a Laguna Beach real estate arbitration, pleaded not guilty Monday to federal bank fraud charges in a separate criminal case.
A California judge turned down a petition to halt surcharges home insurers have been levying policyholders statewide for costs related to the January 2025 wildfires in L.A. County.
Rocket Lab, a Long Beach launch company, is acquiring satellite communications provider Iridium for $8 billion in cash and stock, in a deal announced Monday.
With SpaceX’s historic initial public offering minting a small army of new millionaires overnight, the Southern California housing market market is bracing for a big wave of buyers looking to upgrade their residence or buy a second home.
