California Insurance Commissioner Ricardo Lara on Friday announced what he’s calling “first of its kind” catastrophe modeling and ratemaking regulation that will allow carriers to use the models as a factor in setting and getting rates. The regulation is a part of his so-called Sustainable Insurance Strategy to increase coverage in wildfire-distressed areas of the … Read more
The U.S. Supreme Court agreed on Friday to hear a bid by fuel producers to challenge California’s standards for vehicle emissions and electric cars under a federal air pollution law in a major case testing the Democratic-governed state’s power to fight greenhouse gases. The justices took up an appeal by a Valero Energy subsidiary and … Read more
A California man has been charged with shipping weapons and ammunition to North Korea and told investigators they were to be used for a surprise attack on South Korea, authorities said Tuesday, December 3. Shenghua Wen came to the US from China on a student visa more than a decade ago after meeting with North … Read more
Meteorologists are forecasting a stormy pattern that could impact millions of people across U.S. this week with the threat of flooding, travel disruptions and the potential for the first accumulating snowfall of the season in some places. Flooding rainfall and mountain snow are expected along parts of the West coast this week, with the worst … Read more
California offers a unique collection of residential hazards despite its wealth of options and natural beauty: earthquakes, floods, and wildfires. Homeowner’s insurance is absolutely essential for Californians who want to safeguard their financial resources and residences. This guide to the best homeowners insurance in California for 2024 will assist you in making informed decisions for … Read more
