North Korea fires suspected ballistic missile into sea

A U.S.-led diplomatic effort aimed at convincing North Korea to abandon its nuclear weapons in return for economic and political benefits remain stalled after 2½ years. A main sticking point is a dispute over U.S.-led sanctions imposed on North Korea over its nuclear and missile tests.

It’s official: Rep. Karen Bass is running for mayor of LA

The much-anticipated news that Bass, who represents a congressional district that spans South and West Los Angeles, will join the race comes about eight months before the June 2022 election as one of the election’s highest-profile figures.

It’s official: Rep. Karen Bass is running for mayor of LA

The much-anticipated news that Bass, who represents a congressional district that spans South and West Los Angeles, will join the race comes about eight months before the June 2022 election as one of the election’s highest-profile figures.

Wildfire insurance moratorium expires, allowing insurers to drop homeowners

California no longer requires insurance companies to cover homeowners in wildfire-prone areas, leaving hundreds of thousands of properties at risk. Nearly 350,000 households in Los Angeles’ vulnerable foothills areas are no longer protected by the moratorium, which expired Saturday, according to the Los Angeles Times. In 2019, the state prohibited insurers from dropping policyholders or declining to renew policies in wildfire-prone areas within a year of an emergency declaration there. Around 2.4 million homes statewide … [more]

The post Wildfire insurance moratorium expires, allowing insurers to drop homeowners appeared first on The Real Deal Los Angeles.

Phase out of flood insurance subsidies could upend coastal real estate markets

It’s no secret that Americans are willing to pay a premium for property on the beach. They could soon be paying hefty insurance premiums to live there as well. https://therealdeal.com/issues_articles/on-the-waterfront/ Starting Oct. 1, the federal government plans to start gradually reducing subsidies for its flood insurance programs, pushing up rates for homeowners, according to the New York Times. For the first time, the government will also take into account a home’s size, which means the … [more]

The post Phase out of flood insurance subsidies could upend coastal real estate markets appeared first on The Real Deal Los Angeles.

Panel OKs Dems’ $3.5T bill, crunch time for Biden agenda

Democrats pushed a $3.5 trillion, 10-year bill strengthening social safety net and climate programs through the House Budget Committee on Saturday.

Panel OKs Dems’ $3.5T bill, crunch time for Biden agenda

Democrats pushed a $3.5 trillion, 10-year bill strengthening social safety net and climate programs through the House Budget Committee on Saturday.