Insurance giant State Farm is no longer accepting new applications for business or personal property coverage in California. “We take seriously our responsibility to manage risk,” the company said in a statement posted to its website Friday.
Even with the new spending restraints in the debt limit deal that cut borrowing by $1.5 trillion, the U.S. government’s deficits are still on course to keep climbing to record levels over the next few decades.
A new California law that took effect this year may be the most important political reform the state has enacted in a half century. No wonder special interests and the politicians they help elect are trying to kill it.
California lawmakers advanced more than a dozen bills aiming to address the fentanyl crisis, including some that would impose harsher prison sentences for dealers, ahead of a critical deadline this week.
President Joe Biden has approved a new package of military aid for Ukraine that totals up to $300 million and includes additional munitions for drones and an array of other weapons. It comes as Russia has continued to pummel Ukraine’s capital and unmanned aircraft have targeted Moscow.