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Battle over California fire insurance policies intensifies

7 days ago   |   By Chron

SACRAMENTO, Calif. - Massive wildfires are making it harder for some California homeowners to get property insurance, pitting the state's insurance commissioner against the industry in an escalating conflict that will likely stretch into 2022's statewide elections.
Private insurance companies often won't sell policies to people who live in wildfire-prone areas because the risk is too great. When this happens, state law requires these companies to pool their money to provide coverage for people who can't buy policies because of where they live.
That pool - the California Fair Access to...
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California FAIR Plan Appeals Order to Provide Homeowners Coverage

7 days ago   |   By A.M. Best

The California FAIR Plan Association is appealing an order from Insurance Commissioner Ricardo Lara to provide a “quasi” homeowners policy, saying it would raise rates across the state and violate ...
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White House, Dems hurriedly reworking $2 trillion Biden plan

White House, Dems hurriedly reworking $2 trillion Biden plan

WASHINGTON - The White House and Democrats are hurriedly reworking key aspects of President Joe Biden's $2 trillion domestic policy plan, trimming the social services and... Read more ...

Bayern Or Borussia Dortmund: What Is The Best Fit For Karim Adeyemi?

Without a doubt, Bayern Munich and Borussia Dortmund were watching when on Wednesday, Red Bull Salzburg's Karim Adeyemi once again put in a great performance. Read more ...

Momentive study: UK Christmas travel and shopping 2021

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Lyft says it recorded more than 4,000 cases of sexual assault over three years

Lyft's first safety report came nearly two years after Uber released a similar set of data for its app. Read more ...

Asian shares mixed after S&P 500 squeaks to new record high

Asian shares mixed after S&P 500 squeaks to new record high

Asian shares were mixed Friday after a late-in-the-day wave of buying pushed the S&P 500 to a fresh record high. Read more ...

California plan to ban community oil drilling far from final

SACRAMENTO, Calif. - Environmental groups were cautiously optimistic about California Gov. Gavin Newsom's proposal to ban new oil and gas wells within 3,200 feet of schools and... Read more ...

Beijing begins offering booster shots ahead of Olympics

BEIJING - China's capital Beijing has begun offering booster shots against COVID-19, four months before the city and surrounding regions are to host the Winter Olympics. Anyone... Read more ...

These 4 Gmail speed boosters let you fly through your inbox

Send your email efficiency into overdrive with these smart and simple time-savers for Gmail. In the life of a Very Busy Person, every saved second can seem like an eternity. Read more ...

Hong Kong-based fintech XanPool raises $27M for its decentralized payment...

Hong Kong-based fintech XanPool raises $27M for its decentralized payment network

XanPool , a payment infrastructure provider that facilitates faster crypto and fiat settlements, announced today it has raised a $27 million Series A led by Valar Ventures. The... Read more ...

U.S. Warns Climate Poses ‘Emerging Threat' to Financial System

A Financial Stability Oversight Council report could lead to more regulatory action and disclosure requirements for banks. Read more ...