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In California, the Employment Development Department (EDD) is a department of the state government that administers Unemployment Insurance (UI), Disability Insurance (DI), and Paid Family Leave (PFL) programs. The department also provides employment service programs and collects the state's labor market information and employment data.
In 2002, California enacted the Paid Family Leave (PFL) insurance program, also known as the Family Temporary Disability Insurance (FTDI) program, which extends unemployment disability compensation to cover individuals who take time off work to care for a seriously ill family member or bond with a new child.
If the FAIR Plan does not have the money to pay out all claims, it collects money from insurance companies that operate in California. [ 5 ] According to data from 2020, the FAIR Plan covers 2.5% of the statewide market share, but 20.4% of the market share in ZIP codes at high risk from wildfires. [ 6 ]
The state’s unemployment agency potentially overpaid an estimated $55 billion in recent years to people who may not have been eligible for jobless benefits, a California state audit has found.
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In July 2020, Hippo raised $150 million in series E funding. [17] In November 2020, Hippo raised $350 million from an investment by Mitsui Sumitomo Insurance Company, a subsidiary of MS&AD Insurance Group. [18] Hippo acquired Sheltr, a San Francisco-based tech-enabled services startup designed to provide home wellness checkups, in November 2019 ...
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