Gov. Newsom signs insurance bill providing quicker payments for wildfire losses

Wildfire victims who lose their home and possessions will be able to recoup money for their expenses faster, thanks to legislation that makes property insurance benefits easier to collect.

Gov. Gavin Newsom signed Senate Bill 872 into law Thursday, providing a suite of insurance protections and streamlined claims processing to better respond to the recovery challenges residents face right after a disaster.

The law won’t take effect until next year. It got Newsom’s endorsement as Sonoma and Napa counties and numerous California communities confront property losses during two months of widespread fires that have burned 4 million acres statewide this year.

Sen. Bill Dodd, D-Napa, who co-authored the legislation, viewed it as part of the growing movement to address home insurance hurdles for disaster survivors after consecutive years of destructive wildfires in the North Bay, he said.

“None of these bills are a silver bullet, but all of them put

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On The Money: Economy adds 661K jobs in final report before Election Day | House approves $2.2T COVID-19 relief bill as White House talks stall

Happy Friday and welcome back to On The Money. I’m Sylvan Lane, and here’s your nightly guide to everything affecting your bills, bank account and bottom line.



a person standing in front of a blue bench: On The Money: Economy adds 661K jobs in final report before Election Day | House approves $2.2T COVID-19 relief bill as White House talks stall | Stand-alone bill to provide relief for airlines blocked on House floor


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On The Money: Economy adds 661K jobs in final report before Election Day | House approves $2.2T COVID-19 relief bill as White House talks stall | Stand-alone bill to provide relief for airlines blocked on House floor

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THE BIG DEAL-Economy adds 661K jobs in final jobs report before Election Day: The U.S. gained 661,000 jobs in September, the Labor Department reported Friday in the final jobs report

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Financial Services remain a target for cyberattacks

In 2019 Accenture issued a major cybersecurity report titled ‘The Future Cyber Threats: Extreme but Plausible Threat Scenarios in Financial Services’. Now the company revisit the territory to see if the same cyber-risks remain or whether the landscape has altered, for better or for worse, under the coronavirus pandemic.

Accenture’s 2020 report details the top extreme but plausible future cyber threats along with relevant recommendations for financial services firms. The analysts see credential and identity theft continue to accelerate while new vulnerabilities and cybercriminal behavior increase data theft and data manipulation.

In addition, the report considers emerging technologies, such as deepfakes and 5G, and how these are advancing cyberthreats. The review further considers how destructive and disruptive malware attacks are spurring multiparty and cross-sector targeting and report on how misinformation is affecting trust in retail and state-owned banks.

For 2020’s review, one new area has joined our list of key

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