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The California regulation will allow insurers to charge homeowners higher premiums to protect themselves from catastrophic wildfires.
Renters insurance is getting harder to come by and more expensive in California as insurers pull back from the state’s troubled homeowners market, which has been hard hit by wildfires.
Wells Fargo, Chase and Bank of America were sued by the Consumer Financial Protection Bureau over alleged widespread fraud on the Zelle app, used by millions.
California Insurance Commissioner Ricardo Lara has approved regulations that next year will let insurers use complex computer programs that predict future risk in setting rates.
California’s Department of Insurance released rules meant to encourage insurers to write more policies in high-fire-risk areas by using computer modeling.
Farmers Insurance is upping the number of home policies it writes each month and resuming coverage for condos, renters and other dwellings, saying the California insurance market has improved.
Shares of ServiceTitan, a Glendale business management software firm, rose 42% in the company’s initial public offering Thursday on the Nasdaq.
Wells Fargo’s decision to move its headquarters in San Francisco is the latest sign of how the banking industry is becoming less prominent in California.
ServiceTitan, a Glendale tech firm that makes business management software for plumbers, painters and other contractors, announced Tuesday that it wants to raise up to $502 million in its initial public offering on the Nasdaq.
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ServiceTitan, a Glendale tech company that makes software for plumbers, painters and other tradespeople, has filed for an initial public offering but has not disclosed how much money it plans to raise.
