Gas prices, wildfire, insurance, climate – what each candidate said last night [Los Angeles Times (CA)]
Pacific Gas & Electric Co. (PCG)
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Source: Los Angeles Times
Here are some of the candidates' defining statements, starting left of the stage: The Democratic State Superintendent of Public Instruction addressed the state's wildfire insurance crisis, where private insurers have been dropping policies as climate changes fuels more frequent catastrophic fire. The state has allowed insurers to raise rates in return for writing more policies, but so far its backup FAIR Plan, meant to provide coverage when other companies will not, continues to grow. Thurmond said he would withhold tax credits, subsidies and benefits from non-cooperative insurers, although moderators and other candidates raised questions about the legality of this strategy. “The governor can certainly work with the Insurance Commissioner to say there should be no rate increase unless the insurance industry is actually writing policies. They have failed California in our greatest need. They've taken the money for premiums and then when people needed to have support to rebuild t
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- 4/28/26 - Form 144
- PCG's page on the SEC website