“Paradise News

California Insurers Drop Policies in High-Fire Risk Areas

SACRAMENTO, Calif. — New California data shows insurance companies declined to renew nearly 350,000 home insurance policies in areas at high risk for wildfire since the state began collecting data in 2015. The data released this week did not say …

Wildfire Acreage Way Down in California this Year – So Far

LOS ANGELES — California is not burning. At least not as much as it has in recent years. Acreage burned through Sunday is down 90% compared to the average over the past five years and down 95% from last year, …

Moody’s Says Wildfire Catastrophe Losses the New Normal in Calif.

California had long been a good bet for homeowners’ insurers, with most carriers having no problem recouping paid losses through premiums. But in 2017 and 2018, the state experienced six of the 10 most destructive wildfires in its history and …

PG&E Disagrees With WSJ Story Over Power Line Upgrades

PG&E Corp. told a judge it “strongly disagrees” with a Wall Street Journal storysuggesting that the utility knew its equipment near the ignition point of California’s deadliest wildfire badly needed upgrades and nonetheless deferred maintenance. The company’s response, filed Wednesday, …

PG&E Judge Demands Response to WSJ Report on Faulty Lines

PG&E Corp. was ordered by a federal judge overseeing its probation to respond to a Wall Street Journal story claiming the utility knew its power lines could cause wildfires and failed to perform upgrades. PG&E “must provide a fresh, forthright …

Travelers Bulks Up Wildfire Protection After Deadly 2018 Blazes

Travelers Cos. is strengthening its wildfire-defense efforts after deadly blazes swept through California last year. The insurer is adding a service to all of its California home and landlord policies, helping customers prepare their property for a fire by different …

PG&E Lines Tied to Deadliest California Fire in State Report

California investigators have determined that PG&E Corp.’s power lines ignited the deadliest blaze in state history, opening the door for more liabilities that the company has already warned may exceed $30 billion. A transmission line owned by PG&E sparked the …

California May Boost Rules for Homes at High Wildfire Risk

SACRAMENTO, Calif. — Years of increasingly deadly California wildfires spurred lawmakers to consider regulations Tuesday that would toughen local governments’ requirements for approving housing developments in high-risk areas. A state Senate committee voted 8-3 Monday to advance a measure requiring …

PG&E Gets Approval to Pay Employees $350 Million to Meet Safety Goals After Wildfires

SAN FRANCISCO — 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 …

The Folly of Returning to Paradise, California: Viewpoint

Paradise, California, is being rebuilt. Crews are removing millions of tons of debris left by the devastating Camp Fire last fall. The town council is holding public meetings to plan a new community. Developers are designing new homes. And somewhere …