wildfires and insurance News
California Utility’s $13.5B Settlement With Fire Victims Sends Stock Soaring
PG&E Corp. surged to a two-month high after reaching a $13.5 billion settlement with the victims of wildfires ignited by its power lines -- a major step toward resolving the biggest utility ...
Opinion: ‘Unique’ Wildfire Blackouts Could Hit California for a Decade
California utility PG&E Corp has imposed 10 intentional blackouts this year to reduce risks its power infrastructure could spark wildfires and said they will continue for a decade. PG&E ...
The Story Behind a Quiet California Fire Season That Turned Into Chaos
The 2019 California wildfire season was remarkably, almost happily, quiet. Until it wasn't. October arrived and 80,000 acres erupted in flames. More than 300,000 people were evacuated and more than 3 ...
Wildfire Fallout: State of Emergency and Historic Evacuation of California’s Wine Country
Fires burning out of control in northern California prompted an historic evacuation in the state's famed wine country, razed homes, shuttered freeways and prompted the governor to declare a state of ...
Deadly Los Angeles Wildfire Started Near Electrical Utility Transmission Tower
A deadly wind-driven wildfire that raged across the northern edge of Los Angeles last week started near the base of high-voltage transmission tower owned by electric utility Southern California ...
Wildfire Victims Win Right to File Reorg Plan for Bankrupt California Utility
The judge overseeing the bankruptcy of PG&E Corp on Wednesday issued an order opening the door to a group of noteholders and wildfire victims to file their own reorganization plan for the ...
California Utility Slices Power for 800,000 as Wildfire Risks Rise
Hundreds of thousands of California homes and businesses started to lose electric power early Wednesday as part of an unprecedented effort by Pacific Gas and Electric Co. to prevent wildfires, the ...
SCOTUS Rejects Utility’s Bid to Recover 2007 California Wildfire Payouts
The U.S. Supreme Court on Monday declined to hear a bid by Sempra Energy's San Diego Gas & Electric Co to recover $379 million from customers related to damages it was forced to pay out in ...