The Los Angeles Department of Water and Power is returning to the municipal bond market with a $1 billion offering, roughly three months after shelving a sale in the immediate wake of historic wildfires that began burning in Southern California …
The ashes of Hatim Naim’s burned home lie just a few dozen miles west of the Los Angeles areas destroyed by January’s Palisades and Eaton fires. But because the Mountain Fire, which destroyed 182 houses and other structures in Ventura …
The car tires, propane tanks, gas generators and rusty appliances heaped on the side of a dirt road waiting to be hauled away filled Desiree Graham with relief. “That means all that stuff is not in people’s yards,” she said …
Parametric hurricane coverage provider Vortex Weather has expanded its supplemental hurricane insurance solutions to Hawaii. Vortex’s parametric hurricane coverage provides automatic payouts based on National Hurricane Center data. The company promises swift claims process, with no proof of loss required. …
Twenty-five victims of the Palisades Fire victims filed an inverse condemnation lawsuit in the Los Angeles Superior Court against the City of Los Angeles and the Los Angeles Department of Water and Power, alleging the entities failed to maintain an …
Thieves have targeted freight trains running through the deserts of California and Arizona in a string of audacious heists resulting in the theft of more than $2 million worth of new Nike sneakers, including many that haven’t hit the retail …
California Gov. Gavin Newsom has asked Congress to approve nearly $40 billion in aid to help the Los Angeles area recover from January’s devastating wildfires, which he said could become the costliest natural disaster in U.S. history. Newsom sent a …
AM Best revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) for the members of Mercury Casualty Group. Concurrently, AM Best revised …
On a recent Sunday, Tracy Quinn drove down the Pacific Coast Highway to assess damage wrought upon the coastline by the Palisades Fire. The water line was darkened by ash. Burnt remnants of washing machines and dryers and metal appliances …
California Insurance Commissioner Ricardo Lara did not approve an emergency, interim 22% rate request from State Farm, instead calling a meeting with the carrier to get some answers about the carrier’s financial situation and more. State Farm General earlier this …
