Insurance Protections Expanded in California Wildfire Areas December 20, 2019 More than a million California homes are now protected under a new state order that temporarily bans insurance companies from...
California Department of Insurance Issues Revised Plan of Operation for FAIR Plan December 19, 2019 Editor’s note: This story has been updated with comments from a FAIR Plan official. The battle between the California Department...
2018 California Wildfires – An Actuarial Review December 19, 2019 By Howard Kunst This post is part of a series sponsored by CoreLogic. 2018 was another catastrophic year for wildfires across the United...
California and PG&E Reach $1.7B Deal on Wildfire Penalties December 17, 2019 By David R. Baker California utility regulators have reached a settlement with PG&E Corp. over violations tied to catastrophic wildfires ignited by the company’s...
PG&E Takes California Governor out of $13.5B Wildfire Deal December 17, 2019 By Mark Chediak Bankrupt utility giant PG&E Corp. has removed a requirement that California Gov. Gavin Newsom sign off on its settlement with...
As California Thins Forests to Limit Wildfire Risk, Some Resist December 16, 2019 By Matthew Brown and Christina Larson Buzzing chainsaws are interrupted by the frequent crash of breaking branches as crews fell towering trees and clear tangled brush...
California Governor Rejects PG&E Bankruptcy Plan as Not Satisfying Wildfire Law December 15, 2019 By Tom Hals and Steve Gorman California Governor Gavin Newsom on Friday rejected a bankruptcy reorganization plan submitted by PG&E Corp, the state’s largest investor-owned utility,...
FAIR Plan Asks Court to Stop California Insurance Commissioner’s Order December 13, 2019 Note: This is been updated with a statement from Lara’s office. The FAIR Plan today filed a petition for a...
Firefighter Overtime Surges 65% in California, Report Shows December 10, 2019 Following an unprecedented series of wildfires across California, overtime costs for firefighters surged by 65% over the past decade, pushing...
PG&E Gains on $13.5B Settlement With California Wildfire Victims December 9, 2019 By Mark Chediak and Scott Deveau PG&E Corp. surged on the strength of a Friday announcement it had secured a $13.5 billion settlement with victims of...