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...
Industry Representative Puts Fire Insurance Availability at Feet of Commissioner December 6, 2019 By Don Jergler California Insurance Commissioner Ricardo Lara will have to choose whether he wants insurers to charge higher rates or to stop...
California Commissioner Calls for Statewide Non-Renewal Moratorium, More Measures to Protect Wildfire Victims December 5, 2019 By Don Jergler California Insurance Commissioner Ricardo Lara on Thursday issued a mandatory one-year moratorium on insurance companies non-renewing policyholders, a move he...
PG&E Nearing $13.5B Deal With California Wildfire Victims December 5, 2019 Bankrupt California power producer PG&E Corp. is close to finalizing terms for a $13.5 billion payout to victims of wildfires...
Probe Finds PG&E Failed to Inspect Transmission Lines That Caused 2018 Wildfire December 3, 2019 By Kanishka Singh Bankrupt California power producer PG&E Corp. did not properly inspect and replace transmission lines before a faulty wire sparked a...
Some Changes to California’s FAIR Plan Could Go into Effect Early Next Year December 2, 2019 By Don Jergler Note: This has been updated with FAIR Plan comments below. Changes to the insurance plan offered by California’s property insurer...
PG&E Says Blackouts Limited California Fires Despite One Likely Failure December 2, 2019 By Don Thompson The nation’s largest utility said Friday that its distribution lines haven’t sparked any major wildfires since it began shutting off...
Wildfire Crisis is Roiling California’s Insurance Market November 27, 2019 By Katherine Chiglinsky, Prashant Gopal and Noah Buhayar Lauris Bye, a homebuilding industry veteran who moved to Southern California’s wildfire-prone hills decades ago, felt confident about the newly...
California Faces Decade of Unique Wildfire Blackouts November 25, 2019 By Andrew Hay California utility PG&E Corp. has imposed 10 intentional blackouts this year to reduce risks its power infrastructure could spark wildfires...