Insurance claims and cleanup costs associated with California wildfires last month are expected to exceed the record-breaking amounts paid out last year after blazes ripped through Northern California wine country. The insurance industry is bracing for payouts exceeding last year’s …
Three of last month’s California wildfires will cost insurers about $9.05 billion, according to preliminary information from state regulators. That figure is based on initial claims that insurers have received from the Camp, Woolsey and Hill fires, California Insurance Commissioner …
PG&E Corp. was accused of putting its “reputation above public safety” in a lawsuit that says the power company spends too much on advertising and not enough on preventing devastating Northern California wildfires like the blaze that destroyed the town …
Homeowners living in Paradise, Calif., are just now returning home after a devastating wildfire caused up to $10 billion in damage, according to RMS estimates. The Woolsey Fire, which overlapped the Camp Fire, has a damage price tag of about …
In the days before California’s deadliest wildfire erupted near a PG&E Corp. power line during a windstorm, the company kept a close eye on the weather, warned customers it might shut off electricity in the area, and finally decided conditions …
As wildfires raged this month in California, insurance claims experts at Travelers sat in a command center 3,000 miles (4,828 kilometers) away in Connecticut, monitoring screens showing satellite images, photos from airplane flyovers and social media posts describing what was …
PG&E Corp., suspected of starting California’s deadliest wildfire, may soon get help from state lawmakers – just not the help it most wants. As early as Dec. 3, a lawmaker plans to introduce a bill that would give the state’s …
The tally of structures destroyed by the huge wildfire that swept through Southern California communities increased to 1,500 on Monday, fire officials said. With 95 percent of the burn assessment completed, the count also showed 341 structures damaged. The fire …
PG&E Corp. rose after a California lawmaker requested a bill to help the state’s largest utility absorb liabilities from this year’s fatal wildfires. Kellie Smith, an adviser to assemblyman Chris Holden, said she is drafting legislation that could be introduced …
A utility facing severe financial pressure amid speculation its equipment may have sparked a deadly Northern California wildfire asked U.S. energy regulators last month for permission to raise its customers’ monthly bills to harden its system against wildfires and deliver …