A wild week on Wall Street included a selloff of insurance stocks as wildfires raged in California, tough talk from President-elect Trump and companies rapidly ditching DEI policies.

California’s insurance commissioner issued a one-year moratorium on policy nonrenewals and cancellations in areas affected by devastating wildfires in and around Los Angeles. “I am using my moratorium powers to prevent insurance companies from canceling or non-renewing policies in wildfire-impacted areas,

For the owners of the 1,000-plus structures destroyed by the fires, consumer advocates say there are ways to help get their insurance claims treated fairly and paid in full. “Understand the reality of a large-dollar insurance claim,

The president-elect's criticism of Newsom has sparked a political battle over the fires that have killed at least five people and are far from contained.