Laurence Darmiento

As a center of global trade L.A. could be in for a bumpy ride after Trump tariffs https://t.co/Lss5pPbVcn

"These departments investigating Elon Musk have been cut by DOGE and the Trump administration" -- Here's a round up I did on Musk and his companies and possible conflicts of interest at all corners of the government. https://t.co/If4vSHKp68

Southern California Edison is facing scores of lawsuits over the Eaton fire that ripped through Altadena. Now, the Pasadena school district is suing the utility, which may be at fault for triggering the blaze, for damages after losing multiple school buildings.

California insurance commissioner 'provisionally' grants State Farm General's 22% rate hike -- In other words, Ricardo Lara is pressuring the company to get what he wants: a halt in non-renewals and a $500 million bailout from the parent company. https://t.co/lt26vUwghv

L.A. investigating banking discrimination complaints against Armenians -- In 2023, Citibank paid $25.9 million to settle similar allegations. The civil rights department says it keeps happening at several national banks. https://t.co/hnaZnm074C

I looked into complaints about how California's largest home insurer is handling smoke damage claims arising from the L.A. fires. Policyholders are not happy but it's an industrywide issue. https://t.co/FPq9NQ1Dr9

RT @Sammy_Roth: State Farm insurance executive caught on video saying some pretty disturbing stuff about the California wildfire situation.…

"State Farm executive fired over comments about rate hikes" -- There's a mushrooming controversy about an undercover video published by O'Keefe Media Group and James O'Keefe, the controversial conservative activist who founded Project Veritas. The California Department of

For the second test flight in a row, the Starship upper stage has been lost in space -- though the booster nailed and was caught by the chopsticks arms of the launch tower.

SpaceX @SpaceX

Starship’s Raptor engines ignite during hot-staging separation. Super Heavy is boosting back towards the launch site https://t.co/9oK3m4xJaq

"Consumer agency drops Zelle lawsuit against big banks in latest legal pullback" --- I took a look at the various actions the Trump administration has taken to rein in the nation's leading consumer watchdog. https://t.co/2gZIGoOt4Z

State Farm is seeking an emergency rate hike for its California subsidiary partially due to the LA fires. The insurer reported today that its net worth rose to $145.2 billion at year's end, up from $134.8 billion in 2023. Results like that aren't going to help get that hike.

"State Farm General says it will pay $7.6 billion for L.A. fires but reinsurance will slash losses" -- The parent in Illinois will pick up most of the losses as the primary reinsurer but S&P now has the California subsidiary on a ratings watch. https://t.co/jpFo38gJi5

Farmers announces initial $600-million loss for Los Angeles fires -- another insurer announces its losses. Pretty good result for California's second -largest home insurer, which had pulled back from the market. https://t.co/cVJptfFDrz