As rising costs of rebuilding after several years of wildfires are wiping out profits for California home insurers, State Farm isn’t the first insurer to retreat from the state, and may not be the last.
Californians who don’t file taxes — because they don’t earn enough to owe any — won’t receive the new round of state payments. That includes some seniors and disabled people, as well as some of the lowest-income adults.
New rules proposed by California’s Department of Insurance would require insurers to take homeowners’ efforts to reduce wildfire risk into account when setting premiums. But they would still allow non-renewals.
California legislators are advancing two bills that would require companies to report more data about pay and internal practices. Business groups oppose the bills and say the data could be taken out of context.
Gov. Gavin Newsom signed a law this week that requires large employers in California to offer workers up to 80 hours of COVID-related paid sick leave. But there’s a catch: The bill, which the Legislature passed on Feb. 7, doesn’t apply to small employers with 25 or fewer workers.
Legislators may work on paid leave policies, employee data protections, farmworker elections, while ballot measure proposals could impact businesses and business groups will raise the issue of California’s unemployment insurance fund debt.