Santa Ana Winds Return to California Bringing Wildfire Danger September 16, 2019 By Brian K. Sullivan The Santa Ana winds have returned to California, a signal to the state’s residents that the wildfire season has begun...
Report: $221B in Western U.S. Homes at Extreme Risk of Wildfire Damage September 12, 2019 By Don Jergler Nearly 776,000 homes with a reconstruction cost value of more than $221 billion are at extreme risk of wildfire damage,...
Outrage over PG&E’s Plan to Cap California Wildfire Liabilities at $18B September 10, 2019 By Steven Church and Mark Chediak California utility giant PG&E Corp. has issued its long-awaited plan for emerging from the largest utility bankruptcy in U.S. history:...
California Utility Wants Help Paying Wildfire Victims August 23, 2019 By Adam Beam A troubled California utility company is asking the state Legislature to let it borrow money without paying taxes so it...
Wildfires Making Insurance Harder to Find, California Department of Insurance Says August 21, 2019 By Don Jergler Severe wildfire seasons have made it harder for homeowners to find insurance in high wildfire-risk areas, according to new data...
PG&E Will Face Jury Over Billions in Damages from Massive California Wildfire August 20, 2019 By Mark Chediak Victims of the second-most destructive fire in California history will get a chance to try and persuade a jury that...
IICF Awards $50K Grant to California Fire Foundation for Victims August 19, 2019 The Insurance Industry Charitable Foundation’s Western Division presented a $50,000 grant to the California Fire Foundation’s Supplying Aid to Victims...
PG&E Shares Dive on Risk of up to $18B in Wildfire Lawsuit Costs August 19, 2019 By Joe Ryan PG&E Corp. shares plunged Monday after a judge ruled that a jury can determine whether it should pay as much...
Court Says PG&E Has Sole Right to Submit Bankruptcy Plan August 19, 2019 By Nivedita Balu A federal judge has allowed PG&E Corp. to retain the sole rights to propose a plan to exit bankruptcy, as...
Report: Re/Insurers Are Reconsidering Risk Appetite for California Wildfires August 19, 2019 By Stephanie K. Jones S&P Global Ratings says 2020 reinsurance pricing in the aftermath of California wildfires will likely rise as re/insurers are finding...