Insured losses from the most destructive wildfire month in California’s history climbed $614 million in the first three months of the year, pushing total claims over $12 billion as of April, the California Department of Insurance announced on Wednesday. Together …
Pacific Gas & Electric Co.on Thursday reported first-quarter profit of $136 million. The San Francisco, Calif.-based company said it had profit of 25 cents per share. Earnings, adjusted for non-recurring costs, were $1.04 per share. The results surpassed Wall Street …
Most of the country can expect a normal wildfire season but residents along the West Coast of the United States should be ready for another busy season, the National Interagency Fire Center said this week. California experienced its deadliest and …
PG&E Corp. is seeking court approval for a $105 million fund to help house victims of the wildfires blamed on the bankrupt California power provider. PG&E in a filing in U.S. Bankruptcy Court in San Francisco on Wednesday said the …
Pacific Gas & Electric Corp.’s top financial executives said during a bankruptcy meeting Monday they still haven’t determined when the utility can start compensating victims of recent wildfires started by the utility’s equipment. Victims’ lawyers questioned PG&E executives during the …
James Woods has his sights set on finding ways to help California deal with repeated years of severe wildfire seasons, and the prospect of more seasons in which record losses from large blazes may lie ahead of us. Woods has …
California utility Pacific Gas & Electric Corp. is asking state regulators for another increase in rates and profits, saying it’s needed for wildfire safety and to attract investment as the utility goes through bankruptcy. The Sacramento Bee reported that the …
PG&E Corp. can pay employees up to $350 million in bonuses this year to spur them to help meet the bankrupt California power provider’s safety goals to prevent wildfires, a judge said on Tuesday. PG&E’s management has said the company …
Wildfires have evidently been driving more Californians into the surplus lines market, pushing up homeowners surplus premium volume to more than $122 million in 2018, according to the Surplus Line Association of California. “We have seen over the last five …
California regulators expressed skepticism that Pacific Gas & Electric Corp.’s new leaders have enough professional experience to instill the deep corporate culture of safety they say the company has lacked. The utility has been blamed for more than a dozen …
