State Farm has reached a settlement over emergency insurance rate hikes after last year’s Los Angeles County fires.
Levi Sumagaysay / CalMatters
Posted inPolitics & Policy
California’s next insurance commissioner will have ‘brutal’ balancing act
Ricardo Lara’s successor will have a full plate. California insurance premiums are rising; fire survivors are struggling; the FAIR Plan is still growing.
Posted inPolitics & Policy
U.S. Supreme Court strikes down Trump’s tariffs. Here’s how they’ve affected California
The U.S. Supreme Court ruled Friday that President Donald Trump does not have the authority to impose broad tariffs under the emergency act he has cited. Tariffs have affected California ports, farms, businesses, workers and consumers.
Posted inPolitics & Policy
Fires burn swiftly, but insurance battles linger: New bills propose consumer-friendly regulations
As fire survivors continue to navigate life after disaster, California lawmakers roll out new bills attempting to further regulate insurance companies like State Farm.
Posted inPolitics & Policy
California tax revenue getting a boost from AI boom — but for how long?
As talk of a possible artificial intelligence bubble grows, so does uncertainty around an important source of California tax money.
Posted inBusiness & Technology
Why ‘no tax on tips’ may have limited benefits for California workers
Experts doubt the effectiveness of “no tax on tips,” especially for California workers who are facing cuts in other benefits.
Posted inPolitics & Policy
Ricardo Lara proposes insurance rule that critics call ‘revenge’
California’s insurance commissioner has sparred with Consumer Watchdog, which says a proposed rule Ricardo Lara says will make the rate-review process more efficient is retaliatory.
Posted inPolitics & Policy
America’s economy runs on data. What Trump’s firing of a top data chief means for California
Economists and others worry about politicizing jobs and inflation data after President Donald Trump’s firing of the head of the Bureau of Labor Statistics and his nomination of a partisan replacement.
Posted inPolitics & Policy
Thousands of Californians lost work after L.A. immigration raids. Citizens did, too
A new report from UC Merced shows Latino and white people especially lost work after the Trump administration escalated immigration enforcement in Los Angeles.
Posted inPolitics & Policy
Congress is fighting over this tax deduction. Here’s how it affects Californians
The House wants to raise the SALT deduction cap, which would help wealthy Californians pay less in federal taxes. The Senate wants to keep it where it is.