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You are at:Home » California wildfire insurance chaos, dumping DEI and IRS tax season
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California wildfire insurance chaos, dumping DEI and IRS tax season

Press RoomBy Press RoomJanuary 11, 2025No Comments2 Mins Read
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California wildfire insurance chaos, dumping DEI and IRS tax season
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Stocks tumbled after a stronger-than-expected jobs report, raising new headwinds for the Federal Reserve

-President-elect Trump lashed out at President Biden after an aggressive move on energy drilling 

-More Fortune 500 companies are ditching DEI policies 

-California wildfires exposed massive lapses in insurance and preparedness for national disasters

-Inside California’s broken insurance regulation 

-The IRS outlines key dates for the 2025 tax season 

STOCKS SINK: U.S. stocks ended sharply lower Friday with the Dow Jones Industrial Average falling close to 700 points…more on the markets here. Bitcoin also trended sharply lower…LIVE cryptocurrency prices here. 

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 41938.45 -696.75 -1.63%
SP500 S&P 500 5827.04 -91.21 -1.54%
I:COMP NASDAQ COMPOSITE INDEX 19161.627517 -317.25 -1.63%

Investors didn’t like the stronger-than-expected December jobs report. Here’s why…continue reading here.

VIDEO: Why the jobs report is problematic for the Fed. 

NOT SO FAST: President-elect Trump is promising to cancel President Biden’s fresh ban on drilling…continue reading here.

VIDEO: Trump talks about American energy independence. 

DITCHING DEI: Facebook parent Meta is dialing back corporate policies promoting DEI, or diversity, equality and inclusion …continue reading here. Shortly thereafter, Amazon did something similar…continue reading here.

VIDEO: Big U.S. companies are rapidly reversing DEI. 

CALIFORNIA WILDFIRE CRISIS

CALIFORNIA CRISIS: Thousands of residents lost everything in this week’s wildfires in and around the Palisades, and many are not insured. As it turns out, the state may be to blame for insurers dropping coverage…continue reading here.

VIDEO: Investor Kevin O’Leary slams California Gov. Newsom as wildfires rage.

DITCHING CALI: These insurers kissed California goodbye…continue reading here.

COSTLIEST CALI FIRE EVER: The California wildfires in January 2025 may go down as the most expensive in history…continue reading here.

INSURANCE STOCKS SINK

Ticker Security Last Change Change %
ALL THE ALLSTATE CORP. 181.02 -10.79 -5.63%
CB CHUBB LTD. 257.70 -8.95 -3.36%
TRV THE TRAVELERS COS. INC. 232.43 -10.34 -4.26%
AIG AMERICAN INTERNATIONAL GROUP INC. 70.50 -0.92 -1.29%
MCY MERCURY GENERAL CORP. 48.64 -12.05 -19.86%

TAX TIPS: WHAT TO KNOW

TAX SEASON 2025: The IRS announced key dates for the upcoming tax season…continue reading here.

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DON’T MISS IT: The FOX Business Rundown Podcast – more podcasts here.

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Previous ArticleCalifornia pastor gives people hope amid wildfires: 'We believe in a God of Resurrection'
Next Article Wildfire disaster proves why 'competence,' not party, matters in electing leaders: L.A. Times owner

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Highlights
Trump administration lawsuit cracks down on California’s egg production regulations Business

Trump administration lawsuit cracks down on California’s egg production regulations

By Press RoomJuly 10, 20250

The Trump administration filed a lawsuit against California Gov. Gavin Newsom and other state officials…

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Popular Posts
Carville pans Democrats for continuing to alienate men with ‘future is female’ talk

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