Some 1,000 lawsuits have been filed since late 2017 demanding Pacific Gas & Electric Corporation pay for damages caused by wildfires. The lawsuits represent thousands of people, companies, cities and counties affected by fires.
They range from a rancher’s $3,000 small claims complaint to insurance companies’ demands for billions of dollars to reimburse their payouts to policyholders. Cities and counties are suing PG&E for destroyed schools, parks and other public property in addition to the cost of responding to the fires.
PG&E lawyers have filed denials of responsibility in the courts. But when the corporation filed for bankruptcy protection in early February, it said these and other lawsuits could ultimately cost it $30 billion.
PG&E’s chief executive says bankruptcy will help settle the litigation in an orderly and fair manner.
Was this article valuable?
Here are more articles you may enjoy.
Pritzker Signs Bills Giving Insurance Department Power to Overturn Rate Changes
2,900 Required Condo Inspections Were Never Completed, Florida Report Finds
Chipwich Maker Withdraws Lawsuit Against Insurance Agency
AXA XL to Acquire Corporate Intelligence and Cybersecurity Consultancy, S-RM 


