California Commissioner Backs Disaster Insurance Bill to Fight Climate Change-Driven Wildfires

Article 0 Comments California’s insurance commissioner and a lawmaker want to the state to consider buying insurance in the private market to cover rapidly increasing costs of fighting wildfires due to climate change. State Sen. Bill Dodd, D-Napa and California Insurance Commissioner Ricardo Lara on Thursday proposed the California Disaster […]

Firefighters Endangered During California Blaze, New Report Shows

Article 0 Comments Poor communication, short staffing and infighting among agencies may have endangered firefighters who nearly died during the massive Mendocino Complex of wildfires in Northern California, according to a new report released. The Los Angeles Times reported that staff from three fire agencies examined an Aug. 19 incident […]

PG&E Vows to Improve Wildfire Prevention

Article 0 Comments The nation’s largest utility is promising to overhaul its wildfire-prevention measures in response to growing legal, financial and public pressure over its role in starting some of the most destructive blazes in California history. In a regulatory filing Wednesday, Pacific Gas & Electric Corp. proposes building new […]

Boeing Sued for Negligence in Southern California Wildfire

Article 0 Comments Boeing Co. was accused of negligence tied to a wildfire that tore through Malibu, California, in November and that purportedly started on the grounds of the nearby, disused Rocketdyne testing site. A group of homeowners sued Boeing along with Edison International, the parent of the utility they […]

PG&E Could Kill Lights to Customers When California Wildfires Occur

Article 0 Comments Anyone who gets power from PG&E Corp. could see their lights go out this fire season. Even the millions of Californians who live outside risky areas could be left in the dark under a sweeping proposal the utility filed Wednesday. That’s because it wants regulators to approve […]

Thousands of Lawsuits Demanding PG&E Pay for Damages from Wildfires

Article 0 Comments Some 1,000 lawsuits have been filed since late 2017 demanding Pacific Gas & Electric Corporation pay for damages caused by wildfires. The lawsuits represent thousands of people, companies, cities and counties affected by fires. They range from a rancher’s $3,000 small claims complaint to insurance companies’ demands […]

Bankruptcy Won’t End Problem PG&E Must Still Deal With: Wildfires

Article 0 Comments Big corporations forced into bankruptcy by liability lawsuits often take the offending product off the market and try to move on. That’s what happened with the Dalkon Shield birth control device, asbestos and silicone breast implants. But when the nation’s biggest utility, Pacific Gas & Electric, comes […]

AM Best Says Specialty Insurer Exposures to PG&E Bankruptcy Within Risk Appetites

Article 0 Comments Specialty companies specifically operating in the utility sector are likely to face substantial claims and losses stemming from the bankruptcy filing by PG&E Corp., the California utility whose equipment is being investigated as having a potential role in the recent deadly wildfires, according to a new AM […]

PG&E in California Vows to Keep The Lights on Despite Bankruptcy

Article 0 Comments Utility owner PG&E Corp. filed for bankruptcy protection on Tuesday in anticipation of liabilities from California wildfires, including a catastrophic 2018 blaze that killed 86 people. PG&E, which provides electricity and natural gas to 16 million customers in northern and central California and employs 24,000 people, vowed […]

California Wants Faster Forestry Approvals in Wildfire Fight

Article 0 Comments California wildland managers said this week that they want to speed up logging and prescribed burns designed to slow wildfires that have devastated communities in recent years. After the deadliest and most destructive blazes in state history, officials are scrapping 12 years of efforts and starting anew […]