Laurence Darmiento
@ldarmiento
I cover finance, insurance, aerospace and dealmakers in Southern California. Tips welcome. [email protected]
The L.A. fires have spawned litigation accusing California insurers of colluding to drop homeowners from their rolls. I talked to both sides and some experts to see if the litigation has legs. The verdict? Could be a tall order to prove. latimes.com/business/story…
ICE Secretly Deported Grandpa, 82, Over Lost Green Card thedailybeast.com/ice-secretly-d… via @thedailybeast
California Department of Insurance insiders told me regulators might send 400 insurer complaints filed by Los Angeles fire victims to mediation as the fight over restoring smoke-damaged homes heats up. Here's my exclusive story. latimes.com/business/story…
Commentary: Stephen Miller says Americans will live better lives without immigrants. He's blowing smoke latimes.com/business/story…
Angry homeowners and a state probe. What went wrong with State Farm’s L.A. fire response @ldarmiento latimes.com/business/story…
"In landmark decision, judge rules California FAIR Plan's smoke-damage policy illegal" -- This has been a big problem for L.A. fire victims. Here is my scoop. Huge implications. latimes.com/business/story…
This just in: State regulators launch fprmal inquiry into State Farm's handling of Jan. 7 L.A. fire claims latimes.com/business/story…
"How the federal immigration raids could disrupt California's economy" -- colleague @smasunaga and I took a look at this issue. In two words -- not good. latimes.com/business/story…
The litigation stemming from the Los Angeles firestorms has so far focused on California's insurer of last resort, the FAIR Plan. Now, some fire victims are accusing AAA and USAA of insurance fraud by underinsuring them and leaving them without enough money to rebuild.…
"Insurance commissioner grants State Farm 17% emergency rate hike after L.A. fires" -- That was quick. Lara makes a decision within hours of the release of a judge's recommendation. The political calculus must have been to rip off the bandaid. latimes.com/business/story…
Breaking news! Judge backs State Farm's 17% emergency rate hike for homeowners latimes.com/business/story…
California Insurance Commissioner Ricard Lara signals possible probe into State Farm's handling of L.A. wildfire claims during community meeting. latimes.com/business/story…
Scott Bessent kicks off Milken bash by doubling down on Trump agenda latimes.com/business/story…
"Elon Musk's conflicts of interest: $2.37 billion in potential federal penalties, report says." Here's my write-up on the report by Dem Sen. Richard Blumenthal. latimes.com/business/story…
Great reporting from @ldarmiento and @sandhya__k on skyrocketing enrollment in CA’s FAIR Plan after private insurers dropped policies en masse. What L.A. fire victims are going through to get the relief they paid for from their FAIR policies are unacceptable.
This story authored by me and my amazing colleague and data journalist @sandhya__k looked into the growth of the California Fair Plan, the state's home insurer of last resort -- and how L.A. fire victims are paying the price for that. It's on today's front page.…
When Joe Rogan becomes the voice of reason…https://t.co/rpOrqsAK7O
The fight over who shares in the California Fair Plan's losses suffered in the Palisades and Eaton fires is heating up. Los Angeles' Consumer Watchdog has filed suit seeking to block any statewide policyholder assessments. latimes.com/business/story…