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Bill to Address California Wildfire And Insurance Crises Moving Through Legislature
Apr 30 2025 // A California Assembly committee advanced a bill designed to deal with the state’s wildfire and insurance crises. The California Safe Homes Act, Assembly Bill 888, passed out of the Assembly Insurance Committee on a...
With Wildfire Suits Looming, Edison Beats Estimates on Lower Expenses, Rate Hikes
Apr 30 2025 // Edison International beat Wall Street estimates for first-quarter profit on Tuesday, as the utility benefited from lower operating and interest expenses and higher rates for its services. Lower interest rates reduce...
Arch Capital’s First-Quarter Profit Halves on LA Wildfire Losses
Apr 30 2025 // Arch Capital’s first-quarter profit fell 49.2% as catastrophe losses from the California wildfires weighed on its underwriting performance and investment returns, the insurer said on Tuesday. The results mirror those...
LA Utility Returns to Muni Market for First Time Since Wildfires
Apr 30 2025 // 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...
New Jersey Wildfire 75% Contained; Crews to Remain on Scene Until ‘Significant’ Rain
Apr 29 2025 // The New Jersey Forest Fire Service reported continued progress in fighting the Jones River wildfire, with the fire being 75% contained by noon on Monday, April 28. Officials said crews will remain on the scene for the next...
New Jersey’s Jones Road Wildfire Now 65% Contained
Apr 28 2025 // The New Jersey Forest Fire Service has continued to make progress fighting the Jones River wildfire. The service reported the fire was 65% contained by Sunday morning April 27. However, the service repeated a warning from...
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