California business news

California Wildfires Cause Major Insurance Crisis

News Summary California is facing devastating wildfires, impacting over 12,000 buildings and setting the stage for an unprecedented insurance crisis.…

2 months ago

State Farm’s Vice President Fired Amid Insurance Controversy

News Summary State Farm has made headlines following the firing of its vice president, Haden Kirkpatrick, after controversial comments about…

2 months ago

Brown-Forman and Reyes Beverage Group Announce Partnership

News Summary Brown-Forman Corporation and Reyes Beverage Group are teaming up in a new distribution partnership set to launch on…

2 months ago

Blue Shield of California Appoints New Interim CEO

News Summary Blue Shield of California has appointed Mike Stuart as the new Interim President and CEO following the departure…

2 months ago

California Insurance Commissioner Evaluates State Farm’s Rate Hike

News Summary Amid increasing wildfire incidents in California, Insurance Commissioner Ricardo Lara is scrutinizing State Farm's request for a 22%…

2 months ago

Southern California Businesses Feeling the Pinch from New Tariffs

News Summary President Trump's recent tariff implementations are hitting Southern California businesses hard, particularly those in Latino communities. A 10%…

2 months ago

California Shuts Down 42 Cryptocurrency Scam Websites

News Summary In 2024, California's Department of Justice has taken a strong stance against online fraud by shutting down 42…

2 months ago

Customs Broker Pleads Guilty to $5 Million Fraud and Tax Evasion

News Summary Frank Seung Noah, a customs broker from California, has pleaded guilty to serious charges including wire fraud and…

2 months ago