The long awaited climate conference was launched by Democratic Governor Jerry Brown, where he made a strong attack on the Republican party, libertarians, and other groups that refuse to believe that we are in a period of climate change and that this will increase the number of risks to which Californians are exposed. There were approximately 250 leaders for business and energy policy who were present at Brown’s “Extreme Climate Risks and California’s Future” conference, which lasted a day and was held in San Francisco at the California Academy of…
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S&P downgrades Californian insurers while Commissioner Jones insists the companies are financially sound
Rating agency Standard & Poor’s seems to be in the grips of a downgrading frenzy as the agency downgrades the credit ratings of five of California largest insurance companies. The move comes on the heels of the agency’s downgrading of the federal government’s credit rating, which sparked controversy throughout the country and drove many businesses to re-evaluate their place in the commercial market. S&P downgrade of the state’s insurers could have major implications for the industry, but Insurance Commissioner Dave Jones says that there should be no doubt about the…
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