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Insurers won’t be forced to offer home coverage after measure dropped

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Insurers won’t be forced to offer home coverage after measure dropped

An initiative that would have required California insurers to offer policies to homeowners who fireproof their houses has been withdrawn after the backer of a competing industry measure similarly did so.

The mutually agreed-upon move means the consumer protections offered by California’s landmark Proposition 103 will remain unchanged. The 1988 measure established an elected insurance commissioner with authority to reject insurer requests for rate hikes.

Consumer Watchdog, the Los Angeles advocacy group that proposed the Insurance Policyholder Bill of Rights, acknowledged it didn’t have the money to pursue the ballot measure, even though it said it deserved to become law.

“There is still a huge need for many of the other protections in the ballot measure, including the right to be guaranteed an insurance policy if homeowners meet state wildfire mitigation standards,” the group stated.

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Three Consumer Watchdog officials, including founder Harvey Rosenfield — also the author of Proposition 103 — submitted the measure for the November 2026 ballot in September after Elizabeth Hammack, a Roseville, Calif., insurance broker, had submitted her measure.

The broker’s initiative — the California Insurance Market Reform and Consumer Protection Act of 2026 — would have allowed insurer premium hikes to take effect before any rate review, though they could be suspended later if the insurance commissioner determines the market is not “reasonably competitive.”

Insurers would have to provide premium credits to policyholders who take steps to reduce fire dangers on their property.

The measure also would have abolished another core element of Proposition 103, by banning payments to “intervenors” such as Consumer Watchdog, which involve themselves in the rate-review process and typically seek to block or reduce increases — a provision that has irked the industry since its inception.

Insurance Commissioner Ricardo Lara in October proposed his own regulations that would tighten reimbursements and other rules governing intervenors. He contends the process slows legitimate rate hikes while enriching intervernors.

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Consumer Watchdog dubbed the decision to withdraw the competing ballot measures an “armistice” and vowed to spend next year building support for a mandate requiring insurers to sell policies in “higher risk areas.”

Hammack, owner of Panorama Insurance Associates, said she met with Consumer Watchdog at the secretary of state’s office in Sacramento on Tuesday to file papers to withdraw the measure, which she thought was given a misleading title and summary for the ballot.

“I wrote this measure to fix what I saw was broken, as an insurance agent and concerned California citizen, and to strengthen oversight, increase transparency, and restore stability to California’s collapsing insurance market,” she said. “Unfortunately, now, California consumers will continue to be burdened by costly outdated regulations.”

The issue over whether insurers should be required to offer policies to homeowners in fire-prone neighborhoods has gained significance over the last several years as many insurers have either dropped customers or stopped writing new policies after a series of catastrophic wildfires.

A plan by Lara to encourage insurers to write such policies by offering them various concessions has so far failed to depopulate the California FAIR Plan, where homeowners can obtain policies when they cannot get them on the regular market.

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The Los Angeles-based insurance pool, operated and financially backed by the state’s licensed home insurers, offers limited policies that typically cost more than those offered by commercial insurers.

The plan’s active policies grew 93% from September 2021 to September 2024, and then grew an additional 39% in the next 12 months. As of September, the plan had about 625,000 active dwelling policies, exposing it to about $647 billion of risk.

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Disney’s Dana Walden sets leadership team; Bergman remains film studios chief

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Disney’s Dana Walden sets leadership team; Bergman remains film studios chief

Walt Disney Co.’s incoming president and chief creative officer, Dana Walden, has unveiled her leadership team, which includes several familiar faces from the company’s film, television and marketing units.

Walden will become Disney’s first female president on Wednesday. She will report to Josh D’Amaro, who will succeed Bob Iger as Disney’s chief executive, after the company’s annual meeting with shareholders and its high-profile leadership handoff.

Walden’s senior team includes her longtime creative partner, Alan Bergman. As chairman of Disney Entertainment, Studios, Bergman will continue to oversee Disney’s film studios, including production, marketing and distribution.

Bergman also will retain oversight of Disney’s streaming programming in concert with Walden.

Disney executives Joe Earley and Adam Smith were named co-presidents of Disney Entertainment’s direct-to-consumer offerings, Disney+ and Hulu. Both executives will be responsible for strategy and financial performance and report to Walden and Bergman.

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Earley and Walden worked together when they were Fox executives; Earley will also serve as head of content strategy.

Smith continues in his role as Disney Entertainment chief product and technology officer. He also will continue to collaborate with ESPN Chairman Jimmy Pitaro on matters related to ESPN and ESPN+.

Debra OConnell will step into a newly formed role as chairman of Disney Entertainment Television.

She will have a broad TV portfolio that includes ABC Entertainment, Disney-branded cable channels, Hulu Originals as well as programming from National Geographic, 20th Television and 20th Television Animation.

OConnell will continue to oversee ABC News and the ABC-owned television stations, including KABC-TV Channel 7 in Los Angeles.

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In a separate memo late Monday, OConnell introduced her team, including Craig Erwich, who now will oversee 20th Television and 20th Television Animation in addition to ABC Entertainment and Hulu Originals.

Several executives report to OConnnell, including Ayo Davis of Disney Branded Television; Courteney Monroe of National Geographic Content;
Almin Karamehmedovic of ABC News; Chad Matthews of ABC stations; ad executives Rita Ferro and Jimmy Zasowski (who also will report to Bergman and Pitaro); and Sean Cocchia, who overseas strategic scheduling and programming.

Disney’s incoming president, Dana Walden, has established her senior leadership team.

(Richard Shotwell / Invision/AP)

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Sean Shoptaw, who serves as executive vice president for games and digital entertainment, and his organization will shift from Disney Experiences and into Walden’s division.

Shoptaw oversees Disney’s games business and its collaboration with Epic Games to develop a Disney universe connected to Fortnite.

John Landgraf remains chairman of FX and will continue to report directly to Walden.

Asad Ayaz, who is chief marketing and brand officer, has an influential remit across Disney’s various business segments. He will report to D’Amaro and Walden.

“The strength of Disney has always been the emotional connection between our stories and the people who love them,” Walden said in a statement. “As fans engage with Disney across more formats and platforms than ever before, we are bringing together the full power of our creative businesses to build an even more connected experience for audiences.”

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Downtown L.A. wants San Francisco’s pop-up secret to get shoppers back

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Downtown L.A. wants San Francisco’s pop-up secret to get shoppers back

As much of downtown L.A. continues to feel dark and deserted, local businesses want the city to steal San Francisco’s secret for firing up foot traffic.

The tech mecca has slowly begun to emerge from one of the country’s deepest declines in downtown retail, in part through a program that peppered the city with subsidized pop-up shops.

The Vacant to Vibrant program turned abandoned spaces into bakeries, bookstores, cafes, chocolateries, galleries and other things.

Local entrepreneurs were given grants and support from the city and charities, as well as months of free rent to set up shop. The idea is to leverage empty storefronts to build buzz and entice more shoppers to city sidewalks.

While San Francisco is still far from its pre-pandemic peaks, backers say the program has brightened struggling retail areas.

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“We’re creating a window on what downtown could look like,” said Simon Bertrang, executive director of SF New Deal, the nonprofit behind Vacant to Vibrant. The hollowing-out created by COVID-19 could be an opportunity to turn downtown San Francisco into a “mixed-use neighborhood with a lot of small businesses and maybe more residential,” he said.

While San Francisco is still far from its pre-pandemic peaks, backers of Vacant to Vibrant say the program has brightened struggling retail areas.

(Justin Sullivan / Getty Images)

Both L.A. and S.F. have grappled with keeping stores and restaurants in their business districts since the pandemic emptied office buildings. While most employees are working from the office again, a significant number are still working from home, and many aren’t coming in every weekday. The diminished presence of workers continues to make it hard on the lunch spots, bars and shops that rely on them to survive.

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Though it is difficult to compare how businesses are doing in each downtown, there are some indicators that San Francisco has been growing more in the last year.

Reservation platform OpenTable said online reservations in the Northern Californian city shot up more than 20% compared with most months last year. Reservation growth in L.A. was capped below 10% for most of the same period.

Downtowns across the country need to find solutions, experts warn, as dark storefronts can lead to a downward spiral, with companies hesitant to lease office space in vacant areas.

Looking down Broadway from its intersection with 7th Street in downtown in Los Angeles.

Looking down Broadway from its intersection with 7th Street in downtown in Los Angeles.

Retailers are already opting out of downtown L.A. due to its slow recovery from the pandemic shutdown, said real estate broker Derrick Moore of CBRE, who helps arrange commercial property leases.

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“A lot of operators are just electing to skip over downtown,” he said. “They’re leasing spaces elsewhere, where they feel they have a greater chance at higher sales.”

Brands have headed to more vibrant, nearby neighborhoods such as Echo Park and Silver Lake because of downtown’s weaker business.

Downtown Los Angeles residents, businesses and other city boosters want to try to prime the pump, using a program like San Francisco’s to help small businesses take over vacant storefronts and turn the lights back on, said Cassy Horton, co-founder of the Downtown Residents Assn.

A pedestrian walks past a building for lease on Broadway in downtown Los Angeles.

A pedestrian walks past a building for lease on Broadway in downtown Los Angeles.

(Etienne Laurent / For The Times)

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Surveys by the group have found that what residents love most about downtown is its walkability, restaurants, bars and coffee shops, she said.

“I love being able to live a lifestyle where I can run all of my core errands within a couple blocks,” Horton said. “I don’t have a car.”

Retail property vacancy downtown could be as high as 40%, Moore said, with some neighborhoods, such as the Historic Core, suffering more than others. Nike recently closed its store on Broadway.

A worker removes a banner on Broadway.

A worker removes a banner on Broadway. Retailers are already opting out of downtown L.A. due to its slow recovery from the pandemic shutdown, a broker said.

(Etienne Laurent / For The Times)

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“Downtown’s commercial vacancy crisis is visible on every block,” a recent report by the residents’ group said.

The report called for a “safe sidewalks” public safety campaign to work in tandem with a plan to bring back retail tenants.

In San Francisco, participating businesses can get their feet wet with a three-month pop-up to test the waters in a high-traffic location with low financial overhead and technical support from SF New Deal and the mayor’s office.

Businesses are offered grants to operate, help with lease negotiations, assistance with obtaining city permits, insurance, marketing support, business mentoring, and three to six months of free rent.

The intention is to transition many of the pop-ups into long-term leases, creating permanent fixtures in the downtown landscape. So far, more than 10 of the 40 small businesses that started as pop-ups have moved on to multiyear leases with their landlords.

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A boarded-up storefront on Broadway.

A boarded-up storefront on Broadway. “Downtown’s commercial vacancy crisis is visible on every block,” a recent report by the Downtown Residents Assn. said.

(Etienne Laurent / For The Times)

Property owners with storefronts they need to fill receive funding to cover the cost of preparing the space for tenants and other property expenses, help with city permits and other support.

San Francisco launched the program in 2023 with $700,000 and contracted with SF New Deal, which focuses on supporting small businesses in the city.

The program is also supported by corporate philanthropy from Wells Fargo, JPMorgan Chase, Visa, Gap and others.

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Among the first stores to open through the program was Devil’s Teeth Baking Co., a popular bakery in the Outer Sunset neighborhood that established an outpost in the moribund Financial District and brought followers with it.

“Suddenly, there are lines out the door on the weekend” of people waiting for breakfast sandwiches, Bertrang said.

The bakery now has a long-term lease, as do other graduates of the program, including Mello flower shop, arts-and-crafts studio Craftivity and Whack Donuts.

A pedestrian walks past shuttered stores on Broadway in Los Angeles.

A pedestrian walks past shuttered stores on Broadway in Los Angeles.

(Etienne Laurent / For The Times)

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San Francisco’s business centers were particularly hard-hit by the pandemic as its technology companies quickly adapted to remote work and kept at it even as the crisis eased, triggering widespread office and retail vacancies.

“San Francisco had the worst return-to-work situation in the nation,” Bertrang said. “It was the most extreme version of what L.A., New York and other cities in our country are dealing with.”

Representatives of nearly 40 organizations in cities across the country have reached out to him for advice on how similar programs might work in their stricken neighborhoods.

Among them was downtown L.A. business advocacy group Central City Assn., which has called for L.A. to subsidize retailers’ rents to help fill vacant storefronts in key corridors. It is working with city officials, looking into a program like Vacant to Vibrant for Los Angeles.

Adding businesses to the streets while improving public safety would help halt the “downward spiral and turn it into more of a virtuous cycle,” said Nella McOsker, president of the association.

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“San Francisco has demonstrated this larger ripple effect of success,” she said. “This is really, really doable in targeted pockets of downtown,” she said.

Nick Griffin of the business improvement district DTLA Alliance said activating storefronts is a worthy goal as long as the city first makes the streets both safe and pleasant for pedestrians.

The city needs to provide clean sidewalks, street lighting and graffiti removal before consumers and businesses return, he said.

“San Francisco was the poster child for the doom loop and has pivoted to downtown recovery,” he said. “ We are building that story right now.”

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Warner Bros. nabs 11 Oscars, tying the record for most wins for a single studio

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Warner Bros. nabs 11 Oscars, tying the record for most wins for a single studio

Warner Bros. tied the record for most wins for a studio in a single night with 11 Academy Awards on Sunday, a milestone that comes as the company faces an uncertain future.

The studio won six Academy Awards for “One Battle After Another” and four awards for “Sinners.”

Notable among the accolades was Michael B. Jordan’s Academy Award for lead actor for his dual roles as twins in “Sinners,” “One Battle After Another’s” win for best picture and Amy Madigan’s win for supporting actress in “Weapons.”

The record of 11 is jointly held by MGM for 1959’s “Ben-Hur,” Paramount for 1997’s “Titanic” and New Line Cinema with “The Lord of the Rings: The Return of the King” in 2003, before it was absorbed into Warner Bros.

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Netflix was second with seven wins. Walt Disney Co., Apple, Universal-owned Focus Features and Neon all won one each.

The awards come at a precarious time for Warner Bros., which is set to be acquired by Paramount Skydance in a mega $111-billion deal for its entire parent company, Warner Bros. Discovery.

The film and TV studios, HBO and HBO Max were originally set to be acquired by Netflix before the streaming company dropped its bid last month after an aggressive pursuit by Paramount.

To buy the company, Paramount is taking on $79 billion in debt, a massive amount that many in Hollywood expect will result in steep layoffs targeting overlapping functions and departments across the two companies.

Paramount executives have already identified $6 billion in cost cuts, though they have said the majority of that will come from “nonlabor sources.” The company also said it does not plan to reduce production capacity, with Paramount Chief Executive David Ellison vowing to produce 30 films a year — 15 from each studio.

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