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How Better Water Systems Can Help a City Survive The Next Firestorm

Santa Rosa. Paradise. Boulder County. Lahaina. Los Angeles. All are places that have shown that American cities and their water systems weren’t built to withstand wildfire, experts say. Related: California Wildfire Mitigation And Recovery Bill Package Introduced Hydrants trickled. Pumps … Source: Claims Journal

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LA Mayor Removes Fire Chief in Fallout From Palisades Blaze

Los Angeles Mayor Karen Bass removed Fire Chief Kristin Crowley, citing failures in the department’s response to the devastating Palisades wildfire. Bass appointed former LAFD Chief Deputy Ronnie Villanueva, a 41-year LAFD veteran, as interim chief while the city launches … Source: Claims Journal

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Four Big Banks Fined $132M for Sharing UK Bond Market Information

Britain’s competition regulator has fined, HSBC, Morgan Stanley and Royal Bank of Canada a combined 104.5 million pounds ($132.4 million) for exchanging sensitive information about U.K. government bonds. The Competition and Markets Authority (CMA) said on Friday that it had … Source: Claims Journal

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Zurich Insurance Sees $200 Million LA Wildfire Loss

Zurich Insurance Group AG is expecting pretax losses of $200 million from the January California wildfires as the insurer reported a 5% gain in profit for 2024. Group operating profit rose to $7.75 billion in the year, the company said … Source: Claims Journal

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