California Weighs Catastrophic Wildfire Fund as Way to Protect Utilities April 5, 2019 By Jim Sams Creation of a catastrophic wildfire risk pool is emerging as the most likely option as California lawmakers seek to protect...
PG&E: Judge’s Aggressive Fire Prevention Plan Would Cost $150B January 24, 2019 By Joel Rosenblatt and Mark Chediak PG&E Corp. estimates it would cost as much as $150 billion this year alone to comply with a federal judge’s...
Hedge Fund Baupost Reported to Hold $1 Billion in PG&E Insurance Claims January 14, 2019 By Miles Weiss, Allison McNeely and Katherine Doherty Seth Klarman’s Baupost Group has been the poster child of the hedge fund industry’s ill-timed stock-market bets on the troubled...