Governor Gavin Newsom plans to sponsor a bill ensuring homeowners benefit from interest on insurance payouts for destroyed properties in the wake of the Palisades and Eaton fires in Los Angeles. The bill, to be introduced by Assemblymember John Harabedian, aims to provide homeowners with interest earned while insurance funds sit in escrow during rebuilding. Current California law requires lenders to pay interest on escrowed funds for property taxes and insurance but not for insurance payouts, which could amount to $20,000 annually for a $1-million payout for a destroyed home.
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Yellowstone wreck driver was at twice the legal alcohol limit, police say
A recent crash involving a pickup truck and a tour van near Yellowstone National Park resulted in seven fatalities, including the driver, Isaiah Moreno, 25, who had a blood alcohol level of .20%, more than twice the legal limit. The collision occurred when Moreno's vehicle crossed the center line on U.S. Highway 20, leading to both vehicles igniting in flames; six victims were from China, Italy, and California. Survivors were hospitalized, and police emphasized the...
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