PG&E to Pay $45M for Second-Largest California Wildfire October 12, 2023 By Mark Chediak PG&E Corp. will pay a $45 million penalty for its role in starting the second-largest wildfire in California history under...
Hawaii Electric’s Insurance is Fraction of Potential Fire Claims October 4, 2023 By Mark Chediak Nearly two months after the deadly Maui wildfires, Hawaiian Electric Co. revealed the limited scope of insurance coverage it holds...
Maui Fire Lays Bare Utility Missteps Mirrored Across the Country August 21, 2023 By Mark Chediak When flames ripped through the drought-parched town of Paradise in 2018, destroying homes and killing 85 in California’s deadliest-ever wildfire,...
Baseball-Size Hail Makes Insuring Solar and Wind Farms Pricier August 2, 2023 By Mark Chediak The Scottsbluff solar farm in western Nebraska was built to withstand most hailstones. But the icy pellets that rained down...
PG&E: Power Shutoff Protocol May Avert Dixie-Like Fires in California September 20, 2021 By Mark Chediak PG&E Corp. told a judge it has put into place new safety measures that would have resulted in power being...
PG&E Judge Wants to Know Why Power Wasn’t Cut on Line Linked to Wildfire September 14, 2021 By Mark Chediak A federal judge wants PG&E Corp. to explain why it didn’t turn off power sooner to a utility line suspected...
How Everybody Ends Up Paying for Climate Crisis March 15, 2021 By David R. Baker and Mark Chediak Fallout from last month’s deadly deep freeze in Texas has quietly spread to people living hundreds of miles away. Minnesota...
Monitor: PG&E in California Prioritized Targets Over Reducing Wildfire Risk October 22, 2020 By Joel Rosenblat and Mark Chediak PG&E Corp. prioritized meeting inspection targets over meaningful reduction of wildfire risk, according to a monitor overseeing the utility’s program...
Anbang, Andy Bang, $1 Trillion in Claims. Ritz-Carlton Mystery Gets Its Day in Court. August 24, 2020 By Jef Feeley and Mark Chediak When a 26-year-old Uber driver walked into a California deeds office two years ago, it was the real-estate equivalent of...
Hedge Fund Collects $3 Billion in Bet on Wildfire Insurance Claims August 24, 2020 By Michael McDonald and Mark Chediak Baupost Group, the hedge fund run by Seth Klarman, received more than $3 billion in July from its bet on...