News

California enacts insurance moratorium for wildfire victims

California bans homeowners insurance cancellations in wildfire-affected areas for one year to aid recovery.

Published

5 months ago

January 11, 2025

ticker NEWS

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.

News

Trump calls for Iran’s surrender

Israel and Iran escalate conflicts with missile strikes, prompting Netanyahu’s airstrikes and Trump’s call for Iran’s surrender.

Published

1 day ago

June 20, 2025

ticker NEWS

Israel and Iran escalate conflicts with missile strikes, prompting Netanyahu’s airstrikes and Trump’s call for Iran’s surrender.

Missile strikes between Israel and Iran are intensifying, with both nations targeting nuclear and military sites.

After a missile hit an Israeli hospital, Prime Minister Netanyahu retaliated, launching 20 fighter jets into Western Iran.

Meanwhile, President Trump has demanded Iran’s unconditional surrender and hinted at possible U.S. military involvement.

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#IsraelIran #MiddleEastConflict #Trump #nucleartensions #TickerNews #militaryescalation

News

Israel strikes Iran’s nuclear sites after hospital hit

Israel’s airstrikes on Iranian nuclear sites escalate tensions after a missile attack on an Israeli hospital, prompting Iranian retaliation and casualties on both sides.

Published

1 day ago

June 20, 2025

ticker NEWS

Israel’s airstrikes on Iranian nuclear sites escalate tensions after a missile attack on an Israeli hospital, prompting Iranian retaliation and casualties on both sides.

Israel has launched preemptive airstrikes on Iranian nuclear sites after a missile attack struck an Israeli hospital, marking a dramatic escalation in regional tensions.

Iran has retaliated with counterstrikes, as both nations report casualties. Israel claims the campaign is necessary to stop Iran from obtaining nuclear weapons—an accusation Tehran denies.

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#IsraelIran #MiddleEastCrisis #Trump #Airstrikes #NuclearTensions #BreakingNews #tickernews

Money

Fed signals slower cuts amid rising risks

U.S. Federal Reserve revises economic forecasts downward, expecting growth slowdown and higher unemployment, but still plans rate cuts in 2024 and 2025.

Published

2 days ago

June 19, 2025

ticker NEWS

U.S. Federal Reserve revises economic forecasts downward, expecting growth slowdown and higher unemployment, but still plans rate cuts in 2024 and 2025.

At its latest meeting, the U.S. Federal Reserve revised its economic forecasts downward, with growth trimmed, inflation nudged up, and unemployment expectations now higher.

Despite this gloomier outlook, the Fed still sees two rate cuts in 2025, but just one in 2024 and one in 2026, a major dial-back from earlier projections.

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#FederalReserve #InterestRates #JeromePowell #Inflation #USEconomy #FedMeeting #tickernews