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How the insurance crisis overtook California
Insurance Commissioner Lara’s 2023 regulatory overhaul promised to ease California’s insurance crisis
but instead delivered major concessions to the industry.
Under Lara’s watch, the state’s insurer of last resort exploded
from 123,657 policies in 2019 to over 645,000,
leaving January wildfire victims underinsured.
Six of nine insurers filing under new rules
add zero new policies in high-risk zones
-…

@Techmeme@techhub.social
2025-10-29 11:16:46

Big Tech's EU lobbying hit €151M in 2025, up from €113M in 2023 and €97M in 2021; between January and June 2025, Big Tech had 146 meetings with EU officials (Corporate Europe Observatory)
corporateeurope.org/en/2025/10

@crell@phpc.social
2025-12-16 18:07:21

"Please listen carefully, as our menu items have changed, effective January 27th, 2023."
... I think you can remove that clause.

@paulbusch@mstdn.ca
2025-12-19 13:37:20

Good Morning #Canada
The month of December will typical put a dent in your paycheck, or January if you're using your credit cards, so it's tough to save any money. Canadians rank 21st worldwide with regards to how much of our salary we put into a savings account. According to World Population Review, we put away approximately 7% of our paycheck for a #RainyDay, far behind South Korea at 35%. I'm retired and therefore not a saver at this point, but even during my most successful earnings period I can't imagine I would have been able to put away a third of my salary.
I suspect the savings percentage is driven by a small group of high wage earners as individual Canadian debt has increased. According to Equifax, total consumer debt in Canada reached $2.56 trillion at the end of 2024, a 4.6 per cent increase over 2023.
#CanadaIsAwesome
equifax.ca/business/blog/all-n

@Techmeme@techhub.social
2025-12-16 03:01:20

OpenAI's chief communications officer Hannah Wong will leave in January; Wong joined in 2021 and led PR during Sam Altman's brief ouster and return in 2023 (Maxwell Zeff/Wired)
wired.com/story/openai-chief-c