Posts Tagged: rates
Opinion
OPINION: Every year during the end-of-session debates in the Legislature, bills that had previously stalled suddenly get new life. Sometimes, it’s the result of a grand bargain struck to advance long-held policy objectives. Other times, it’s the result of public pressure created by an emerging crisis.
Opinion
OPINION: As currently amended —after months of compromise and negotiations— this bill would create a new Insurance Market Action Plan, or IMAP, designed to increase home insurance availability with better coverage and lower rates, and reduce the risk of catastrophic wildfire damage through home hardening and community mitigation. For many homeowners in high-risk areas, the FAIR Plan is currently the only option for fire insurance.
News
Should customers be able to lease dogs and cats in the same way they rent cars, apartments or furniture? California legislators think not. Both houses overwhelmingly approved Assembly Bill 1491, which would outlaw the practice beginning Jan. 1. The bill is now awaiting final action from Gov. Jerry Brown.
News
New York state pension systems are better funded than California state pension systems, currently take a smaller bite out of state and local government budgets, and still provide pension benefits well above the national average. How do they do it?
Opinion
OPINION: Proposition 57’s 50 percent good time credit should be applied retroactively to all incarcerated people, including lifers who committed violent crimes. Contrary to popular fears, releasing reformed lifers may be the best thing we can do to reduce violent crime.
News
FairWarning: November’s presidential contest was bizarre in many ways, but there is one peculiarity that pundits haven’t pounced on: The states with the worst rates of traffic deaths in the country went solidly for Donald Trump while Hillary Clinton swept states with the lowest fatality rates. California was 10th from the bottom in its traffic fatality rate — about 8.11 deaths per 100,000 people. The highest was Wyoming, with 24.74 fatalities per 100,000.
News
Calpensions: A key committee yesterday approved a drop in the often-criticized CalPERS investment earnings forecast, gradually raising record rates already being paid by state and local governments, if approved as expected by the full board today.
News
Calpensions: The state’s two largest public pension systems never recovered from huge investment losses during the deep recession and stock market crash in 2008. CalPERS lost about $100 billion and CalSTRS about $68 billion. Now after a lengthy bull market, most experts are predicting a decade of weak investment returns, well below the annual average.
News
Capitol Weekly Interview: Kathy Kneer is the president and CEO of California Planned Parenthood. CW’s Alex Matthews caught up with Kathy recently for a detailed discussion that included health care, family planning, meeting the needs of low-income Californians and the challenges of the Affordable Care Act.
News
Calpensions: Twice in recent decades CalPERS fell below 100 percent of the funding needed for promised pensions, and twice CalPERS climbed back. But since a $100 billion investment loss in 2008, the CalPERS funding level has not recovered.