California Utility Says its Equipment May Be Linked to Fire July 20, 2021 SAN FRANCISCO (AP) — Pacific Gas & Electric equipment may have been involved in the start of the big Dixie...
Travelers Profit Rises With Higher Premiums, Lower Costs October 20, 2020 Oct 20 — Property and casualty insurer Travelers Companies Inc beat third-quarter profit expectations on Tuesday, helped by higher premiums,...
Hurricane Laura and the California Fires Are Part of the Same Crisis August 27, 2020 By David R Baker, Eric Roston and Brian Eckhouse As Hurricane Laura pounded the U.S. Gulf Coast with nearly 150 mile-per-hour winds, causing water levels to rise almost 10...
Baupost Collects $3 Billion Wagering on PG&E’s Wildfire Claims August 24, 2020 By Michael McDonald and Mark Chediak Baupost Group, the hedge fund run by Seth Klarman, received more than $3 billion in July from its bet on...
Financial Tug-of-War Emerges over Fire Victims’ Settlement January 2, 2020 By Daisy Nguyen SAN FRANCISCO — A financial tug-of-war is emerging over the $13.5 billion that the nation’s largest utility has agreed to...
Industry Representative Puts Fire Insurance Availability at Feet of Commissioner December 19, 2019 By Don Jergler California Insurance Commissioner Ricardo Lara will have to choose whether he wants insurers to charge higher rates or to stop...
Dispute Erupts Over Radios Utility Workers Use in California Wildfires November 6, 2019 By Susan Decker Radio technology that’s critical to helping utility workers deal with California wildfires is at the heart of a trial that...
Winds Whip California as 2.5 Million People Face Power Cuts October 29, 2019 By David R. Baker and Mark Chediak California utilities are warning they may cut electricity to as many as 2.5 million people to prevent power lines from...
Judge Strips PG&E of Exclusive Control Over Recovery Plan October 10, 2019 By Steven Church and Mark Chediak California power giant PG&E Corp. was stripped of its right to exclusively pitch a reorganization plan in court, escalating an...
California Insurers Drop Policies in High-Fire Risk Areas August 23, 2019 By Kathleen Ronayne SACRAMENTO, Calif. — New California data shows insurance companies declined to renew nearly 350,000 home insurance policies in areas at...