California Insurance & Big Bank Earnings

Southern California’s devastating wildfires couldn’t have hit at a worse time. The regional insurance market has been in a dysfunctional state of flux, as some insurers have fled the risky market, others have hiked premiums to account for the risk, and many homeowners have opted to go un- or under-insured as a result. Jackie surveys the damages and what they’ll mean for insurers and residents. … She also recaps takeaways from the big banks’ strong Q4 earnings reports yesterday—an auspicious start to what should be a great earnings season.