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Damage claims from the Eaton wildfire could wipe out the $21 billion fund created to protect utilities and their customers when an investor-owned utility's equipment is deemed responsible.
July 25
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An academic paper presented at the Brookings Institute's annual conference found that future wildfire risks are already having economically significant impacts on financial markets, municipal borrowing costs and vulnerable communities.
July 23
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The governor aims to secure federal funding with latest executive order in aftermath of Los Angeles fires.
March 3
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In total, municipal bond insurers wrapped $41.09 billion of debt in 2024, an increase from the $35.38 billion insured in 2023, according to LSEG data.
February 24
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State Farm's "emergency" rate increase request was rejected by California's insurance commissioner.
February 18
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A bill would allow homeowners to receive the interest accrued on insurance payments for lost or damaged property, rather than lenders.
February 11
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The recovery of local governments and utilities from hurricanes Helene and Milton continues but the outlook for next season and beyond is troubling.
January 30
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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. 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.
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The NFMA has floated best disclosure practices for public power agencies that ask for more data on climate and resiliency goals.
December 18
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California's IBank has partnered with an insurer and fire resilience fund to pay for fire resilience programs.
December 6
