  California Department of Insurance proposes change to companies' rate-setting process – California’s Insurance Commissioner proposed a new rule last week that could lead to more accurate pricing for homeowners insurance policies. It's part of Commissioner Ricardo Lara’s major overhaul of the homeowners insurance market, as ABC10 reported back in September. ABC10 spoke with the commissioner about what the news could mean for the cost and availability of insurance. Gov. Newsom didn't deliver his State of the State address today as planned. Here's why – With lingering uncertainty over the fate of a signature mental health proposal and the scope of the budget deficit, California Gov. Gavin Newsom postponed his annual State of the State address. Though it had not been announced publicly, Newsom planned to deliver the speech to a joint session of the Legislature Monday morning. Instead, his office abruptly said Friday it was coordinating with the Legislature to set a new date for the event. Catholic Diocese of Sacramento announces date for bankruptcy filing amid sexual abuse lawsuits – Catholic Diocese of Sacramento Bishop Jaime Soto said the diocese will petition for Chapter 11 bankruptcy with a filing on April 1. Soto says the bankruptcy will be a lengthy process, but it provides supervision and transparency allowing equitable resolutions for survivors of sexual assault at the hands of clergy. SNAP, the Survivors Network, issued a statement Monday morning after the weekend's news asking Soto to reconsider the bankruptcy filing. Read more HERE.  The San Francisco Giants and longtime public-address announcer Renel Brooks-Moon are parting ways after the sides failed to reach agreement on a contract extension. Learn more here.  Jeff Lynne’s ELO announced its final tour Monday. The 27-date trek makes its stop at Sacramento's Golden 1 Center on Oct. 23 before ending in Los Angeles on Oct. 25. WEATHER FORECAST     |
March 18, 2024
California Department of Insurance proposes change to companies' rate-setting process
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