Regulators cracking down on pollution
An aerial view shows burned properties at the Creekside Mobile Home Park after the Cache fire ripped through the area in Clearlake, California on August 19, 2021 as Wildfire continue to burn across the state.Insurance companies can now use the climate crisis as a factor when setting home insurance prices in California. They can also add a California only reinsurance rate to premiums, according to a new plan announced yesterday by Insurance Commissioner Ricardo Lara.
The state’s insurance program, the FAIR plan, has become the first insurer of choice for some homeowners, especially those in fire risk areas, instead of the last resort as it was intended to be, Lara said. The new changes are necessary, Lara said, to address the changes brought on by the climate emergency crisis.
“I want to underscore that Californians will not pay for the cost of hurricanes, fires and floods across the nation and around the world,” Lara said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
48,000 mattresses sold at Costco may have been exposed to mold, regulators saySafety regulators say FXI is recalling Novaform ComfortGrande and DreamAway mattresses sold at Costco because of possible mold exposure during manufacturing.
Read more »
Former N.J. asbestos roofing company site will become warehouse, open spaceThe 44-acre property has been under discussion for redevelopment for nearly 10 years.
Read more »
Google Cloud adds 11 blockchains to data warehouse 'BigQuery'Google Cloud launched its public datasets for Bitcoin and Ethereum in 2018, and has now expanded to 19 networks total.
Read more »
EU antitrust regulators set Oct. 23 deadline for Arcelik, Whirlpool deal By ReutersEU antitrust regulators set Oct. 23 deadline for Arcelik, Whirlpool deal
Read more »
Regulators must investigate accuracy of unsafe mine cable warningsConcern has again been expressed about incidents. in particularly underground coal mining situations, where trailing cables and couplers are reportedly failing during use. The representatives of associations aware of the problem point out that there is a lack of enforcement by regulators within the Department of Mineral Resources and Energy in the case of underground mines and the Department of Labour in the case of surface operations. It is said that some of the cables that do not comply with South African National Standards have branding on them that gives the impression that they are compliant. There are fears that faulty connections could be life threatening and that genuine compliance needs to be enforced by those responsible for South Africa’s equipment safe standards.
Read more »