Levi Sumagaysay
CalMatters ReporterLevi Sumagaysay covers the economy for CalMatters. Previously, she was a senior reporter who covered worker issues, the gig economy, inequality and corporate accountability for MarketWatch. She also was a longtime reporter and tech and business editor at the Mercury News. She is based in the Bay Area.
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Ricardo Lara said he will look at information provided by State Farm before revisiting his previous decision to reject the company’s emergency rate hike. -
The remains of a smoldering home in an Altadena neighborhood affected by the Eaton Fire on Jan. 8, 2025. California's insurer of last resort is facing $1 billion in losses from Southern California wildfires.Jules Hotz/CalMatters -
Some sectors, like agriculture, will be hit directly. Many more could feel the ripple effects. -
Private-sector jobs in California have declined since their post-pandemic peak, while public-sector employment has shown gains, the state’s Legislative Analyst’s Office says. -
Heat waves have killed hundreds of Californians and cost billions of dollars in the past decade, according to a new report from the state insurance department. -
California can’t legally require insurers to write either residential or commercial property policies. But the state expects insurers to comply with the options unveiled today because get something they want in return: catastrophe modeling. -
The consumer price index shows services are mostly responsible for persistent inflation, but prices for food and other goods in California remain high.
