Investments

State Farm's "emergency" rate increase request was rejected by California's insurance commissioner.

A bill would allow homeowners to receive the interest accrued on insurance payments for lost or damaged property, rather than lenders.

The recovery of local governments and utilities from hurricanes Helene and Milton continues but the outlook for next season and beyond is troubling.

Bankers are putting pre-established action plans for disaster recovery into motion as wildfires in Los Angeles sweep across the region.

The Federal Open Market Committee cut the fed funds target again in December but signaled fewer cuts in 2025. There was some dissent. The markets are watching to see if the Federal Reserve pauses its easing cycle in January. Join us at noon, Eastern, on Jan. 30 as Brian Rehling, head of global fixed-income strategy at Wells Fargo Investment Institute, recaps and parses the previous day's FOMC meeting and Fed Chair Jerome Powell's press conference.

The NFMA has floated best disclosure practices for public power agencies that ask for more data on climate and resiliency goals.

Accounting researchers suggest that using blockchain, smart contracts and NFTs could simplify tracking for carbon reporting.

California's IBank has partnered with an insurer and fire resilience fund to pay for fire resilience programs.

The agency cited the closeness of the entities to Florida's government.

When communities can't access affordable insurance, it can decrease home values, tank municipal bond ratings, and cripple the tax base — and this will only get worse if left unaddressed.