Wildfires

Lawsuits claiming the LADWP failed to keep a reservoir filled or maintain water equipment were cited in KBRA's downgrade of its water system's revenue bonds.

KBRA downgraded Los Angeles GO bonds to AA from AA-plus in the city's second downgrade within a week. The city's lease revenue bonds were also cut.

The city of Los Angeles and its Department of Water and Power face Palisades Fire-driven lawsuits from some 776 plaintiffs, according to the offering document.

The Los Angeles Legislative Delegation penned a letter to state budget leaders asking for $1.9 billion in fire recovery aid for the city after meeting with city leaders.

The legislation would create a bond-financed reinsurance program to stabilize the homeowner's insurance market, which has been impacted by wildfires.

S&P Global Ratings analysts said they reviewed their entire rated California public utility portfolio before giving seven negative outlooks.

The governor aims to secure federal funding with latest executive order in aftermath of Los Angeles fires.

The Pasadena Unified School District plans to eliminate 151 full-time employees, including 115 teachers, as it struggles with the fallout from the Eaton Fire.

State Farm's "emergency" rate increase request was rejected by California's insurance commissioner.

A bill would allow homeowners to receive the interest accrued on insurance payments for lost or damaged property, rather than lenders.