AGP Executive Report
Last update: an hour agoWildfire-and-heat outlook: California is heading into summer with NOAA forecasting above-average temperatures across much of the U.S., including most of California, raising wildfire risk while monsoon-influenced moisture could also bring sudden flash-flood potential in parts of the Southwest. Boyle Heights warehouse fire: The Lineage Logistics cold-storage blaze in Los Angeles flared again, with firefighters limited to exterior operations as smoke worsened and crews continued water drops from the air. Insurance pressure from fire risk: With wildfire risk climbing year-round, California’s FAIR Plan is planning an average 30% rate hike this fall as policies surge and more residents get pushed into the state’s insurer of last resort. Water affordability fight: A California bill aimed at boosting transparency for mutual water companies is drawing pushback from the industry, which warns the provisions could affect privacy and safety for volunteer boards and customers. El Niño watch: Meteorologists say El Niño is now underway, with stronger events often linked to wetter conditions in Southern California and the Southwest.
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