Natural disasters are forcing insurance companies to face unprecedented claims, raising concerns about their financial stability. Experts warn that escalating losses could push some insurers to the brink of collapse.
Browsing: Business
California’s FAIR Plan, the insurer of last resort for wildfire-prone homes, faces possible bailout after devastating L.A. fires. Claims surge raises concerns over the program’s financial stability, officials say.
Kikkoman U.S.A. unveiled its sustainable business strategies at JAPAN HOUSE Los Angeles, highlighting eco-friendly practices and innovation that drive long-term growth and environmental stewardship.
A UK native shares her eye-opening experience moving to Los Angeles for love. She describes facing unprecedented culture shock navigating the stark contrasts in lifestyle, pace, and social norms between the UK and LA.
Special Report: Donations in Los Angeles are lagging behind inflation, impacting local nonprofits’ ability to meet rising costs. The Los Angeles Business Journal highlights growing financial challenges for charitable organizations.
California is at the heart of the nation’s egg supply crisis due to strict regulations, disease outbreaks, and rising demand. The state’s challenges are driving price hikes and supply disruptions nationwide.
Former President Trump has ordered a 100% tariff on foreign-made movies, aiming to protect the “dying” Hollywood industry. The move sparks debate on trade and cultural impacts, Reuters reports.
Several major U.S. companies are scaling back diversity initiatives amid economic pressures and shifting political climates, raising concerns about the future of workplace inclusion efforts. The Los Angeles Times explores why.
Traffic at the Port of Los Angeles is projected to plunge as new tariffs disrupt trade flows, prompting reduced shipments and delays. The shift signals potential challenges for the nation’s busiest port and global supply chains.
Small business struggles signal broader economic risks as a potential warning for Trump’s campaign. Declining confidence among entrepreneurs highlights challenges ahead in the 2024 election landscape, Politico reports.
Economic losses from the recent L.A. wildfires may exceed $50 billion, potentially ranking them among the costliest natural disasters in U.S. history, officials report. Recovery efforts face significant financial challenges.
Los Angeles wildfires have prompted air quality warnings as smoke spreads across the region. Officials urge residents to limit outdoor activities due to health risks from hazardous air pollution.
Displaced Los Angeles homeowners are reporting price gouging by contractors and suppliers in the wake of recent wildfires. Authorities urge vigilance as families struggle to rebuild amid soaring costs.
US insurers faced sharp declines as wildfire loss estimates in Los Angeles surged to $20 billion, marking one of the costliest natural disasters in recent history, Reuters reports.
Los Angeles Mayor Karen Bass addressed criticism over the city’s handling of recent wildfires, emphasizing coordinated response efforts and resource allocation to protect residents and contain the blazes, ABC News reports.
L.A.-based Farmers Insurance leads a recent survey of major California home insurers with the lowest claim denial rates. The findings highlight Farmers’ commitment to customer service amid rising industry scrutiny.
Discover four luxury retreats just beyond Los Angeles perfect for business travelers seeking relaxation. From serene coastal resorts to secluded desert spas, these escapes blend comfort with convenience.
Fly Lufthansa Business Class to Munich from Boston, Denver, and Los Angeles for only 88,000 miles! This exclusive offer highlights incredible value, allowing travelers to enjoy premium comfort, exceptional service, and luxurious amenities at a significantly reduced mileage cost. Perfect for both business and leisure travelers seeking a seamless transatlantic experience with Lufthansa’s renowned quality—book now to secure this limited-time deal and elevate your journey to Munich in style.