More than a million California homes are now protected under a new state order that temporarily bans insurance companies from dropping customers in areas affected by recent wildfires, officials announced this week. Insurance Commissioner Ricardo Lara issued a moratorium earlier …
Editor’s note: This story has been updated with comments from a FAIR Plan official. The battle between the California Department of Insurance and the FAIR Plan will continue to rage on in the wake of two severe wildfire seasons. The …
This post is part of a series sponsored by CoreLogic. 2018 was another catastrophic year for wildfires across the United States. Nearly 9 million acres burned, and many lives, homes and businesses were lost. California alone had over 1.8 million …
California utility regulators have reached a settlement with PG&E Corp. over violations tied to catastrophic wildfires ignited by the company’s power lines in 2017 and 2018. The proposed settlement would prevent PG&E from recovering $1.625 billion in wildfire-related costs from …
Bankrupt utility giant PG&E Corp. has removed a requirement that California Gov. Gavin Newsom sign off on its settlement with wildfire victims, trying to buy more time for its restructuring plan. PG&E reached an agreement Monday with representatives of the …
Buzzing chainsaws are interrupted by the frequent crash of breaking branches as crews fell towering trees and clear tangled brush in the densely forested Santa Cruz Mountains south of San Francisco. Their goal: To protect communities such as Redwood Estates, …
California Governor Gavin Newsom on Friday rejected a bankruptcy reorganization plan submitted by PG&E Corp, the state’s largest investor-owned utility, saying its proposal fails to meet the requirements of a recently enacted wildfire law. The decision by Newsom, sent to …
Note: This is been updated with a statement from Lara’s office. The FAIR Plan today filed a petition for a writ of mandate seeking to have a court annul, vacate, or withdraw an order issued last month by the California …
Following an unprecedented series of wildfires across California, overtime costs for firefighters surged by 65% over the past decade, pushing annual wages to nearly $5 billion, according to a newspaper analysis published Sunday. With overtime, firefighters are among the best-paid …
PG&E Corp. surged on the strength of a Friday announcement it had secured a $13.5 billion settlement with victims of wildfires ignited by its power lines, a step toward resolving the biggest utility bankruptcy in U.S. history. The agreement will …
