California continues bottom-dwelling economic ranking
by @sbsun
@sbsun— For far too many Californians, the future still will be packing up the U-Haul and heading to a state with cheaper housing and lower taxes.
WV MetroNews—Economic growth in the state ag sector continues. Former mine lands being used.
Los Angeles Times—California exodus of home insurance companies continues. Two more insurers are pulling out of California's troubled homeowners insurance market, straining a marketplace that already has seen the pullback of several other companies that have cited increase costs related to wildfire risks. Tokio Marine America Insurance Co. and Trans Pacific Insurance Co. submitted filings to the California Department of Insurance stating they will not renew 12,556 homeowners policies with a premium value of $11.3 million starting July 1. Also not being renewed are...
www.edinburghnews.scotsman.com—Financial distress in Scotland rises as economic downturn continues to bite. The new research shows that in the period from January to April 2024, there was a 22.6% increase in more advanced or ‘critical’ distress among Scottish businesses compared with the same period the previous year. This type of severe distress affected over 2,060 businesses in Scotland. The level was even greater than the UK-wide figure which saw a 20.1% rise in critical distress since Q1 2023, representing over 40,170 businesses. In the first quarter of 2024, while Scotland saw an 8% fall in...