State Farm General, California’s largest home insurer, estimates it will pay $7.6 billion to settle its Los Angeles fire claims but reinsurance will lower its losses to about $612 million, including its costs for bailing out the state’s Fair Plan.
Jen Psaki will host four nights a week as Rachel Maddow returns to a Monday-only schedule. Joy Reid’s show has been canceled.
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The devastation caused by the twin blazes has raised fresh questions about whether the state — and its top insurance regulator, Ricardo Lara — have done enough to protect homeowners.
California Economy
A Times analysis shows that half the homes destroyed in Pacific Palisades and Altadena were rentals, raising questions about the future of affordable housing in the communities.
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Personal Finance and Guides
The average price of a dozen eggs has nearly doubled since last year and hit a record high of $4.95 in January. Price tags are even heftier in California, where grocery stores are charging $9 or more for a dozen.
Money Talk with Liz Weston
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Buying a home for the first time is one of life’s sweet milestones.