California bans homeowners insurance cancellations in wildfire-affected areas for one year to aid recovery.
California’s insurance regulator has implemented a one-year moratorium on homeowners insurance policy cancellations in Southern California, specifically for areas impacted by recent wildfires.
This moratorium encompasses homeowners, condo owners, mobile home owners, and renters in designated zip codes affected by the Palisades and Eaton wildfires, safeguarding them from cancellations or non-renewals linked to wildfire risks.
The wildfires have resulted in significant destruction, with more than 10,000 homes and structures lost, and at least 10 fatalities reported. Collectively, over 27,000 acres have been consumed by the fires.
California Insurance Commissioner Ricardo Lara emphasised the importance of this moratorium in providing peace of mind for affected residents during this crisis. He is also working to ensure that wildfire victims receive their entitled benefits promptly.
In addition, the California Department of Insurance has urged insurance companies to halt cancellations or non-renewals that were initiated within 90 days prior to the wildfires, offering a protective pause of six months.
The Commissioner also called on insurers to extend the grace period for premium payments beyond the standard 60 days, considering the challenges faced by those in affected areas.
Residents can check if their zip codes fall under the moratorium via the Department of Insurance website. Additionally, workshops will be held to assist wildfire survivors in understanding insurance policies and claims processes.
Wall Street traders are increasingly confident the Federal Reserve will cut rates next week.
Fresh inflation data has showed prices edging higher but growth slowing, and with jobs, markets, and political pressure all in focus, the Fed’s decision could be pivotal for the economy.
In Short:
– Federal authorities are investigating the shooting of Charlie Kirk, who was killed at Utah Valley University.
– A manhunt for the actual shooter is underway; two men have been questioned and released without charges.
Federal authorities are investigating the shooting of conservative influencer Charlie Kirk, who was killed while speaking at Utah Valley University.
The incident occurred around 12:20 PM when Kirk was shot in the neck, leading to a chaotic scene as attendees fled. Kirk, a father of two, died shortly after being taken to a local hospital.Investigators believe the shooter fired from a building approximately 200 yards away.
During the aftermath, two men, one of whom claimed to have fired the shot, were taken into custody but later released without charges. A manhunt is ongoing for the actual shooter.
Utah Governor Spencer Cox stated that those responsible will be held accountable, outlining the state’s commitment to justice.
President Donald Trump condemned the political climate surrounding Kirk’s death, blaming extreme rhetoric and violence.
In a statement, he remembered Kirk as a patriot who advocated for open debate. Following the incident, vigils were held nationwide, and classes at the university have been cancelled.
Ongoing Investigation
As investigations continue, American flags will fly at half-staff until Sunday in honour of Kirk.
“I want to be very clear that this is a political assassination,” Utah Governor Spencer Cox, a Republican, told a news conference.
“And I just want to remind people that we still have the death penalty here in the state of Utah.
The Utah Department of Public Safety said that its State Crime Lab was “working with multiple active crime scenes”.
“These were identified based on where the victim was shot, as well as the locations where the suspect and victim travelled,” a department statement said.
“The shooting is believed to be a targeted attack. The shooter is believed to have fired from the roof of a building down to the location of the public event in the student courtyard.”
Eyewitness account
Attendee Tiana Lao said the shooting came as a shock in what otherwise felt like an= normal event.
“We didn’t realise it was real at first and then everyone began rushing out, shouting to get down in panic and distress,” she told ABC News.
“People were excited. There were some opponents like there usually are at these events … but they were peaceful, so this was a total shock.”
Conservative activist Charlie Kirk assassinated at Utah university, leaving a significant void in U.S. conservative politics. #BreakingNews
Conservative activist Charlie Kirk has been assassinated while speaking at a Utah university, sparking shock and grief across America.
Known as the founder of Turning Point USA, Kirk became a leading voice in the MAGA movement, shaping conservative youth politics and energising Donald Trump’s base.
His sudden death leaves a major void in the U.S. conservative landscape.