Latest in As wildfire damage climbs to $40 billion, homeowners face higher insurance costs
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California Wildfires Lay Bare an Insurance Crisis
Even before the latest blazes, California officials warned that an emergency state insurance fund was in trouble, while private insurers dropped coverage.The New York Times - Jan. 10 -
Death Toll Climbs in L.A. Fires, and TikTok’s Last Chance
Plus, goodbye to a hairy “Shrek” icon.The New York Times - Jan. 10 -
L.A. wildfires to cost insurers more than $20 billion. Three companies are likely to foot most of the bill.
Allstate, Chubb and Travelers are likely to be the publicly traded insurance carriers most affected, as they are the most exposed to the California homeowners’ market.MarketWatch - Jan. 10 -
WATCH: Insurance expert on how to prepare for insurance claims amid California fires
ABC News’ Linsey Davis speaks with insurance broker Karl Susman about the difficulty of insuring homes and making fire claims in California as residents begin to survey the damage left by the fire.ABC News - Jan. 9 -
LA wildfire damages set to cost record $135bn
Some of the most expensive properties in the US have been wiped out by the fires.BBC News - Jan. 10 -
L.A. wildfires have caused more than $135 billion in economic losses — and counting
Fires across Southern California are already one of the most damaging in the states history.MarketWatch - Jan. 10 -
Thousands of L.A. homeowners do not have insurance amid fires
Thousands of Los Angeles homeowners do not have home insurance. Several private insurers in California have either raised prices or completely removed their coverage in at-risk areas. Business ...CBS News - Jan. 9 -
California wildfire before and after images show damage, but look out for fake pictures online
The Palisades Fire in Los Angeles has burned more than 17,000 acres, or roughly 20 times the size of Central Park as of Thursday. CBS News confirmed executive editor Rhona Tarrant joins "The Daily ...CBS News - Jan. 9 -
Los Angeles officials face questions, criticism as out-of-control wildfires continue to rage
Authorities estimate that as of Thursday, more than 5,000 structures have been destroyed by the wildfires that have torched more than 30,000 acres across Los Angeles. Many questions remain about ...CBS News - Jan. 9 -
Fox Must Face Smartmatic’s $2.7 Billion Defamation Lawsuit, Court Rules
The complaint, which arose out of Fox News’s promotion of vote-rigging conspiracy theories after the 2020 U.S. presidential election, is on track to proceed to trial.The New York Times - Jan. 9 -
Los Angeles mayor faces backlash over wildfires
Los Angeles Mayor Karen Bass repeatedly dodged questions about her leadership and alleged lack of initial presence during the ongoing wildfires affecting the area.ABC News - Jan. 9 -
Before the Palisades Fire, many of those homeowners had lost insurance
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.CBS News - Jan. 9 -
30-Year Mortgage Rate Climbs to 6.93%, the Highest Since July
Borrowing costs have been rising for months, tracking yields on government bonds. The move threatens to push more buyers and sellers to the sidelines.The New York Times - Jan. 9 -
Insurers brace for losses of up to $20bn from California wildfires
JPMorgan analysts double estimates as blazes continue to rageFinancial Times - Jan. 9 -
California wildfire victims face uncertain future: "It looks like a war zone"
While many who evacuated from the fires in California don't know if their homes survived, others found a way back — only to see that there was nothing left. For those who found their house was ...CBS News - Jan. 9 -
Consider flipping your 60/40 portfolio to 40/60 as bonds become more attractive than stocks
It’s no longer the glory days for the classic 60/40 investment strategy.MarketWatch - Jan. 9 -
Dockworkers reach tentative deal to avert damaging strike
Dockworkers and longshoremen struck a tentative deal Wednesday night to avoid a damaging strike ahead of a looming January deadline. “This is a win-win agreement that creates ILA jobs, supports ...The Hill - Jan. 9 -
Albertsons leans on technology and cost cuts to go it alone — but faces this near-term hurdle
With no Kroger merger to rely on, grocery chain Albertsons said it would lean into an array of initiatives to drive growth.MarketWatch - Jan. 8 -
LA wildfire causes 'significant damage' at school made famous by Hollywood
A high school that appeared in films such as Carrie is said to have been impacted by blazes, according to an official.BBC News - Jan. 8 -
Bank of England to relax rules for banks and insurers
PRA’s Sam Woods says burden can be eased without ‘race to the bottom’ on financial regulationFinancial Times - Jan. 8 -
Heads say they face tough choices on school spending as costs rise
A new report says schools in England may have to make cuts to meet pupils' needs and cover pay rises.BBC News - Jan. 8 -
Navy faces steep shipbuilding costs
Welcome to The Hill's Defense & NatSec newsletter {beacon} Defense &National Security Defense &National Security The Big Story Navy's plan to build more ships faces steep costs The Congressional ...The Hill - Jan. 7 -
Your Customers Are Costing You Dearly
The customer is not always right. And some of them are more expensive than they’re worth.Inc. - Jan. 7 -
Tibet earthquake: scores dead and hundreds of homes damaged
Quake damaged buildings in Shigatse and could be felt hundreds of kilometres away in Nepal and the Indian state of Bihar. A strong earthquake has struck near Shigatse, one of Tibet’s holiest ...The Guardian - Jan. 7 -
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What are my rights if my home is flooded or damaged?
Your rights explained as residents and businesses count the cost of storm damage.BBC News - Jan. 6 -
5 ways seniors can lower their long-term care insurance costs in 2025
With these strategies, you can save on long-term care insurance costs while maintaining the coverage you need.CBS News - Jan. 3 -
NBA Power Rankings: Knicks surging ahead of showdown vs. Thunder, Lakers climbing as LeBron turns 40
Elsewhere, the Cavs might be the best No. 2 team in the history of Power RankingsCBS Sports - Jan. 3 -
Ken Griffin's flagship hedge fund at Citadel climbs 15.1% in 2024
The billionaire investor's handful of hedge funds all posted double-digit returns in 2024, led by its tactical trading strategy.CNBC - Jan. 2 -
GTA 6 Could Sell 40 Million Copies And Make $3 Billion In First Year Alone
According to a research company, Grand Theft Auto VI could bring in more than $3 billion in total revenues during the first 12 months after launch. A report from Financial Times cites data from ...GameSpot - Jan. 2 -
5 New Year’s resolutions for higher education
Just over half of Americans believe higher education has a positive effect on the country, and majorities of both parties think higher education is unaffordable and headed in the wrong direction.The Hill - Jan. 2 -
2025: The Year Commercial Space Reaches Even Higher?
Space is open for business, and with a entrepreneur astronaut tapped to lead NASA, the promise of startups and small private space companies may be a hallmark of 2025. And, of course, giant rockets.Inc. - Jan. 2 -
Arsenal climb to second after Gabriel Martinelli rounds off win at Brentford
Mikel Arteta wanted to send a warning to Liverpool that Arsenal can push them all the way for the Premier League title and this was evidence that they mean business. Facing a Brentford side ...The Guardian - Jan. 1 -
Exclusive Nectar Coupon Code: 40% Off
Get 40% off mattresses, pillows, bed frames, and more with our exclusive Nectar promo code today.Wired - Jan. 1
