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wildfires

State Farm asks state officials for more insurance rate increases after LA fires

By Levi Sumagaysay | CalMatters | February 4, 2025
State Farm, the largest insurer for California homeowners, says the recent fires in LA have imperiled its finances. 
California

LA fires could drastically drive up insurance premiums — and test California’s new market rules

By Levi Sumagaysay | CalMatters | January 9, 2025
A preliminary estimate of the economic toll from this set of fires is $52 billion to $57 billion — and they are continuing to burn.
wildfires

Californians: Your rent may go up because of rising insurance rates

By Levi Sumagaysay | CalMatters | August 13, 2024
Small businesses that rent their space will be affected by their landlords’ rising premiums, too.
Technology

Uber, Lyft, DoorDash workers remain contractors due to California Supreme Court ruling

By Levi Sumagaysay | CalMatters | July 25, 2024
Gig companies backed Prop. 22 in 2020 to win themselves an exclusion from AB 5, which would have upended their business models by requiring them to consider their drivers and delivery workers as employees.
California

California’s ‘weak’ job market propped up by public money as private sector sheds jobs

By Levi Sumagaysay | CalMatters | July 9, 2024
With a 5.2% unemployment rate, the highest in the nation for the past four months, California is also losing high-wage jobs that help fund the state budget.
California

Californians are protecting themselves from wildfire. Why is there still an insurance crisis?

By Levi Sumagaysay | CalMatters | May 1, 2024
Lawmakers want mitigation measures to be tracked, updated and accounted for to help insurance availability and affordability.
Housing

California insurance market ‘in chaos,’ says former insurance chief. Can the new chief fix it?

By Levi Sumagaysay | CalMatters | March 25, 2024
Commissioner Ricardo Lara's efforts include new regulations favored by the industry.
Bay Area

Californians face higher costs for goods and services than before the pandemic despite inflation slowing

By Levi Sumagaysay | CalMatters | March 6, 2024
The consumer price index shows services are mostly responsible for persistent inflation.
Bay Area

Tech is growing as a source of California tax revenue — that’s the good news and the bad news

By Levi Sumagaysay | CalMatters | January 12, 2024
Top tech companies’ stocks helped boost state revenue last year, making the health of the tech industry more important to California than ever.
Bay Area

California new laws for 2024: Consumer protection beefed up

By Levi Sumagaysay | CalMatters | December 28, 2023
A new law, sponsored by Attorney General Rob Bonta, will create a fund designed to fully compensate victims of false advertising or unfair competition.
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