Economy

In the wake of the Los Angeles fires, State Farm asked for an "emergency" premium increase of 22% on average for California homeowners. Lara today denied the request pending more information.

Lawmakers are pushing potential remedies in the wake of a CalMatters investigation, which discovered that even after California victims of wage theft win their claims, only about one in seven judgments are paid. 

After saying it would run out of funds by March, California’s last-resort fire insurance provider will impose a special charge of $1 billion on insurance companies — which will in turn pass the costs along to homeowners — the first such move in more than three decades. The state Insurance Department today approved a request […]

Regional airports like Palm Springs International Airlines are trying to expand international offerings after traffic declines during the pandemic.

State Farm, which already has rate increase requests pending, asked state officials to approve more insurance price increases.

Customers are picking up the $1.7. billion tab after utility's s equipment was linked to a Southern California wildfire and flooding seven years ago.

Energy demands from big tech, including for AI, has elected officials giving an old power source a second look.

Public utilities can bill directly for hundreds of millions of dollars in shareholder returns despite being in what critics call a lower-risk business.

The state’s attorney general asked the company how it plans to transfer assets out of its charitable nonprofit.

In 2018, Newsom promised to add 500,000 new apprenticeships in the decade after taking office. The state is making progress, but how much depends on the definition of “apprenticeship.”