Insurance Commissioner Ricardo Lara announced Thursday that he struck a deal with the insurance industry to encourage new coverage in the state. Insurers, Lara said, agreed to return to the high-risk fire zones in the hills and canyons of California in exchange for a number of concessions that will make it easier, in theory, for them to get higher rate increases through the state regulator more quickly.
Sam Dean
Posted inPolitics & Policy
With no insurance deal in Sacramento, when will California’s homeowners get relief?
The deadline for a deal to address the home insurance market came and went in the California Legislature, but the problem persists.
Posted inLatest News
State Farm’s California freeze: Looming insurance apocalypse or political ploy?
California’s biggest seller of homeowners insurance says regulations and wildfires make new policies a financial loser. But there are reasons to question that explanation.
Posted inBusiness & Technology
California’s strawberry fields might not be forever. Could robots help?
Climate change, new regulations, drought: It’s getting harder to grow strawberries in California. One robotics startup is betting on a revolutionary change.
Posted inBusiness & Technology
Elon Musk reaches $44 billion deal to buy Twitter
The social media company approved a $44 billion bid by billionaire and avid Twitter user Elon Musk after weeks of back and forth.
Posted inBusiness & Technology, Events
The real story behind a tech founder’s ‘tweetstorm that saves Christmas’
Flexport CEO Ryan Petersen knows logistics. After touring the Port of L.A., he came up with some solutions to the container ship backlog.
Posted inEnvironment
The scary new climate report means fossil fuel use needs to start falling, fast
There’s a giant gap between what many companies have pledged and what’s actually needed.
Posted inLatest News
Antivirus pioneer John McAfee found dead in prison after extradition ruling
After a decade living on the run and at odds with police and governments, antivirus software pioneer John McAfee was found dead in a jail cell near Barcelona. He was 75.