Allstate, State Farm, USAA Sue California Utility Over Wildfires January 8, 2019 By Jonathan J. Cooper Several insurance companies have filed lawsuits blaming Pacific Gas & Electric Co. for a deadly California wildfire that destroyed 14,000...
Prosecutors Say California Fires May Mean PG&E Violated Criminal Sentence January 2, 2019 By Sudhin Thanawala A California utility’s role in igniting wildfires last year could allow a judge to find that it violated terms of...
California Regulators May Break up PG&E Over Safety Concerns December 27, 2018 California regulators said they are considering splitting up Pacific Gas & Electric Co. or making other drastic changes amid concerns...
California Regulators Say Utility Falsified Pipeline Safety Records December 17, 2018 Regulators have accused one of California’s largest utilities of falsifying safety documents for natural gas pipelines for years following its...
Utilities to Cover Power Lines, Expand Weather Monitoring in High Risk Areas December 12, 2018 By Kathleen Ronayne California utilities plan to insulate power lines, increase inspections and build new weather stations in areas at high risk for...
California Regulator Requiring PG&E to Implement Safety Recommendations November 29, 2018 By Ankit Ajmera California’s top utilities regulator on Thursday ordered the embattled power utility Pacific Gas and Electric Co. to implement safety recommendations...
Fitch Warns of Negative Credit Effects on Reinsurance from California Wildfires November 28, 2018 The “downside credit risks” from the California wildfires are the most pronounced for investor-owned utilities, which could face large liabilities...
PG&E Decided Not to Cut Power as Winds Raged Before California Wildfire November 28, 2018 By David R. Baker and Mark Chediak In the days before California’s deadliest wildfire erupted near a PG&E Corp. power line during a windstorm, the company kept...
Bill to Give PG&E Relief from California Wildfire Burden Nears, But Long-Term Fix Elusive November 27, 2018 By David R. Baker and Romy Varghese PG&E Corp., suspected of starting California’s deadliest wildfire, may soon get help from state lawmakers – just not the help...
A.M. Best Assesses Wildfires’ Effect on Home Insurance Market, Insurers’ PG&E Exposure November 20, 2018 Roughly one-in-10 insurers have exposures to PG&E bonds, which could potentially used to payout on losses from the California wildfires,...