Connect with us

California

Newsom’s latest insurance move could help Californians avoid cancelled policies — but they’ll have to pay

Published

on

Newsom’s latest insurance move could help Californians avoid cancelled policies — but they’ll have to pay


As some Californians continue scrambling for ways to affordably insure their homes, Gov. Gavin Newsom on Friday announced a push to expedite how quickly insurance companies can increase rates.

Speedier approvals for rate hikes is one of the key reforms insurers say is necessary for them to stay afloat amid a growing number of costly claims in the Golden State, especially tied to recent wildfires and other mounting costs of climate change.

Newsom said he is drafting a “trailer bill” that could cut the current approval process down to 60 days — legislation he hopes will quell an exodus of insurers bailing their business out of California and soothe residents’ financial anxieties around canceled policies.

The current process allows the Department of Insurance up to 84 days to approve filings for insurance rate increases, but that timeline can take substantially longer if a public hearing is requested by consumer advocates or other groups.

Advertisement

“We need to stabilize this market,” Newsom said during a Friday press conference about his revised budget proposal. “We need to send the right signals, we need to move.”

While this change may temporarily usher in more expensive bills for consumers, proponents argue the changes will make home insurance more available. In turn, more options may also allow residents to avoid taking their chances with California’s “FAIR Plan,” the state’s “insurer of last resort,” which offers exorbitant premiums compared to regular insurance, and is also inching towards insolvency.

Denni Ritter, the American Property Casualty Insurance Association’s department vice president for state government relations, praised the news about expedited approvals Friday afternoon.

“Expediting the rate review process is a vital component to addressing California’s insurance crisis,” Ritter said in a statement. “We look forward to working with the Administration, Legislature and Department of Insurance on this crucial reform and other reforms necessary to fix our broken regulatory system and increase the availability of insurance for California homeowners, drivers, and businesses.”

The governor said he opted to work with state lawmakers on this “trailer bill,” rather than pursue an executive order to move the process along.

Advertisement

California’s Insurance Commissioner, Ricardo Lara, started working with Newsom last fall to modernize and overhaul three decades of state’s regulations, including efforts to allow insurance companies to use catastrophe models to set rates, as well as bill consumers for the costs of reinsurance, which is insurance for insurers.

Lara said that ongoing work, however, isn’t expected to materialize until December.

That timeline isn’t fast enough in the governor’s eyes. If Newsom’s bill is passed within the state’s budget for 2024-25, it may take effect as early as July 1.

“(Lara’s) team is working their tails off, I know how concerned the legislature is on this,” Newsom said. “But December? I don’t think we have that much time.”

Rather than push back on Newsom’s announcement of his new bill, Lara thanked the governor’s support of his own effort, which has been dubbed the Sustainable Insurance Strategy.

Advertisement

“Newsom is right: time is of the essence,” Lara posted to X, formerly Twitter, on Friday. “Our partnership with the Governor and Legislature are essential to stabilizing our market. We’ve taken significant steps forward, but there is more to do.”



Source link

California

PROFILE – California man held after White House Correspondents’ Dinner shooting

Published

on

PROFILE – California man held after White House Correspondents’ Dinner shooting


ANKARA

A 31-year-old suspect identified as Cole Thomas Allen is in custody following a shooting incident at the White House Correspondents’ Dinner in Washington, DC, with authorities continuing to investigate his background and possible motives, media reports said late Saturday.

Citing official statements and eyewitness accounts, the reports identified Allen as being from California, later confirmed by US President Donald Trump, who called the suspect “a very sick person,” and said he was thought to have acted alone.

Trump, along with the first lady and several top Cabinet members, was escorted out of the Washington Hilton ballroom, where the event was taking place, by Secret Service. Shortly afterward, he said the suspect had been “apprehended” and shared photos of him on the ground shirtless, along with blurry security footage of what appeared to be a figure darting past security agents.

Advertisement

Officials said the suspect was armed with multiple weapons, including a shotgun, a handgun and several knives. Metropolitan Police interim chief Jeff Carroll said he was also a guest at the hotel hosting the dinner.

Also speaking after the incident, Washington Mayor Muriel Bowser said the suspect reportedly “rushed a Secret Service checkpoint” in a lobby before being stopped by agents.

An officer was shot during the incident but survived thanks to a bulletproof vest he was wearing.

“He was shot from very close distance with a very powerful gun, and the vest did the job,” Trump said, adding the officer was “in great shape.”

Witness accounts provided additional details about the suspect’s actions before the shooting.

Advertisement

A volunteer at the event, Helen Mabus, told the New York Post that the suspect appeared to assemble a “long” weapon in a lightly monitored area near a terrace-level entrance.

“He grabbed it out of a bag or something … it was long and didn’t look like a typical gun,” the daily quoted her as saying.

Mabus said the suspect was partially out of view of security while handling the weapon in a “makeshift room” used for storing bar carts.

“He put it together and … ran towards the stairs to go down to the ballroom,” she recounted.

Mabus said the suspect then began firing in multiple directions, estimating she heard at least 10 shots. “It just seemed like he was shooting all over the place,” she said, describing panic among guests.

Advertisement

Authorities said the suspect was later apprehended and transported to a hospital for evaluation.

Jeanine Pirro, US attorney for the District of Columbia, said the suspect would face two charges and is expected to be arraigned in federal court on Monday. Acting Attorney General Todd Blanche said additional charges may follow, noting that the investigation was ongoing.

FBI Director Kash Patel, who was also at the dinner, said the bureau had begun examining the suspect’s background and would “analyze all evidence immediately.”

While officials have said no clear motive was immediately clear, CBS News reported that

Allen admitted to security forces after his arrest that he intended to shoot Trump administration officials.

Advertisement

Citing two sources, the broadcaster said Allen did not specify that he was targeting Trump, only saying he was after “administration officials.”

The suspect is reported to have earned a Bachelor of Science in Computer Science from California State University, and a Cole Allen appears among computer science graduates in the May 2025 commencement program of California State University, Dominguez Hills.

According to law enforcement sources cited by CBS News, Allen worked as a teacher with C2 Education in Torrance, a private tutoring service, and was named “Teacher of the Month” in December 2024, according to a Facebook post. It is unclear whether he was still employed there at the time of the incident.

White House Correspondents’ Dinner shooting

The incident occurred during the annual White House Correspondents’ Dinner at the Washington Hilton Hotel, where President Trump, first lady Melania Trump and other high-level figures were present.

Advertisement

Witnesses reported hearing loud “pop, pop, pop” sounds, prompting guests to take cover under tables as security forces responded.

The Trump couple, Vice President JD Vance and Cabinet members were evacuated from the head table, while other guests remained inside the ballroom.

Secret Service agents and law enforcement quickly intervened, securing the scene and taking the suspect into custody as the event was halted.



Source link

Advertisement
Continue Reading

California

Budget Rent a Car heiress assaulted and strangled during a California home invasion

Published

on

Budget Rent a Car heiress assaulted and strangled during a California home invasion


Margaux Mirkin, the 70-year-old heiress whose father founded Budget Rent a Car, was the apparent victim of a home invasion on Thursday in which she was assaulted and strangled, according to police.

Officers arrived at her Hollywood Hills home in Los Angeles and learned that the attackers had left the woman inside the residence after allegedly smashing her jaw and choking her.

Property records obtained by NBC4 confirmed Mirkin owns the residence.

Although the full extent of the theft remains unclear, police said the suspects stole cash and jewelry from the home. Neighbors said some of the jewelry belonged to the woman’s late husband, who died in a house fire two years ago.

After the incident, Kristen Stavola, executive director of We Are Laurel Canyon, spoke to NBC4.

“She’s pretty shaken up, as anyone would be after being assaulted in your home and watching your valuables get stolen and driven away,” Stavola said.

Advertisement

An individual who did not want to be identified said the street is “dark” and a “dead-end street.”

“Not many people are on it, so of course it’s like the perfect street for a break-in,” the neighbor said.

NBC4 reported that the robbers dropped a bag containing a large amount of jewelry while leaving the home. When a neighbor saw them and shined a flashlight in their direction, they took off.

The police department’s robbery-homicide division is now managing the investigation.



Source link

Advertisement
Continue Reading

California

The state benefiting most from California’s stunning exodus

Published

on

The state benefiting most from California’s stunning exodus


Nevada — known for its vast deserts and audacious gamblers — is luring Californians away from the Golden State at a higher rate than any other.

The Silver State leeched a net 81 Californians per 10,000 residents each year from California between 2016 and 2025, as California undergoes a mass exodus of residents leaving, according to a report.

The report, titled “Priced Out: RELOCATION AMIDST CALIFORNIA’S AFFORDABILITY CRISIS,” was released on March 31 by the nonpartisan California Policy Lab.

Californians move to Nevada at a higher rate than even Texas, the report notes.

Advertisement
A large white Atlas moving truck parked on a residential street in a California suburb. Simone – stock.adobe.com
Aerial view of suburban Las Vegas neighborhood with houses and streets. Wirestock – stock.adobe.com
Panoramic aerial view of Las Vegas, USA, with the city and mountains in the background. Alexander – stock.adobe.com

“Nevada is the standout,” the report says. “News reports often mention Texas, but that is misleading. The most accurate measure of popularity adjusts for state population and shows a clear pattern: proximity reigns. Californians most often leave for nearby states, and California also welcomes new residents from neighboring states most frequently.”

Nevada is a much cheaper state for U.S. residents to live in than California. It has no state income tax, unlike California, and housing prices, along with gas prices, are also lower. California’s average regular gas price was $5.88 on Friday while Nevada’s was $4.99, an 89-cent difference.

 Evan White, a co-author of the study, says the Californians are leaving for more affordable states.

“The price tag has gone up on the California Dream, and many families are leaving the state for more affordable places,” White, the Executive Director of the California Policy Lab at UC Berkeley, said. “The difference these moves make is stark.  Their destination neighborhoods are half as expensive and they end up much more likely to own a home within just a few years.”

The report shows that out-of-state movers pay an average of $672 less per month on housing costs, and home prices are 48% lower. Former California residents are about 48% more likely to own a home in their new state.

Advertisement
Entire view of a residential area from Double Peak Park in San Marcos, California Jason – stock.adobe.com

Higher-income Californians are also leaving at increasingly higher rates, the report said. The share of higher-income Californians leaving has increased from 34% to 40% since the pandemic.

“Our report shows that people who leave California are increasingly leaving from higher-income neighborhoods,” co-author Dr. Brett Fischer, Researcher at the California Policy Lab, said. “These movers are, on average, in a weaker financial position than their neighbors, and may be moving to attain the quality of life they see their neighbors enjoying but they cannot afford.”

From 2010 to 2024, nearly 10 million people left California. The state is considered one of the most expensive states in the nation.

Idaho, Oregon, and Arizona are the next largest net recipients of Californians on a per-capita basis, the report says.

Advertisement



Source link

Continue Reading
Advertisement

Trending