The U.S. has in store an “above-normal” wildfire season if a prediction out on Wednesday from fire weather experts holds true – “intense” may be a better word for the expectations in Western region. Early predictions for the 2022 fire …
SAN FRANCISCO (AP)–Pacific Gas & Electric is poised to emerge from five years of criminal probation, despite worries that nation’s largest utility remains too dangerous to trust after years of devastation from wildfires ignited by its outdated equipment and neglectful …
SAN FRANCISCO (AP) — Pacific Gas & Electric equipment may have been involved in the start of the big Dixie Fire burning in the Sierra Nevada, the nation’s largest utility reported to California regulators. PG&E said in a report Sunday …
Oct 20 — Property and casualty insurer Travelers Companies Inc beat third-quarter profit expectations on Tuesday, helped by higher premiums, lower costs and an increase in returns from non-fixed income investments. The New York-based company, seen as a bellwether for …
As Hurricane Laura pounded the U.S. Gulf Coast with nearly 150 mile-per-hour winds, causing water levels to rise almost 10 feet above normal in the wee hours of the morning, wildfires in California were still raging across more than a …
Baupost Group, the hedge fund run by Seth Klarman, received more than $3 billion in July from its bet on insurance claims against PG&E Corp. connected to a series of deadly California wildfires, according to people with knowledge of the …
SAN FRANCISCO — A financial tug-of-war is emerging over the $13.5 billion that the nation’s largest utility has agreed to pay to victims of recent California wildfires, as government agencies jockey for more than half the money to cover the …
California Insurance Commissioner Ricardo Lara will have to choose whether he wants insurers to charge higher rates or to stop writing homeowners insurance in fire-prone areas, an industry representative said following new wildfire directives announced by the commissioner. Lara on …
Radio technology that’s critical to helping utility workers deal with California wildfires is at the heart of a trial that pits an iconic American brand against a Chinese firm accused of corporate espionage. Motorola Solutions Inc. wants a federal jury …
California utilities are warning they may cut electricity to as many as 2.5 million people to prevent power lines from sparking fires as some of the strongest winds of the season hit the state. High winds Tuesday will leave more …