Berkshire Hathaway Energy Co.’s PacifiCorp is selling US investment-grade bonds to help fund settlement claims related to wildfires in Oregon. The electric utility is issuing debt in four parts, with the longest portion — a long 30-year fixed-rate note — …
Hawaii property owners are seizing on a legal shortcut used by fire victims in California to secure compensation from Hawaiian Electric Industries Inc. for damages following the fires that ravaged Maui. The strategy, which doesn’t require proving negligence, helped push …
PG&E Corp said on Friday it has reached an $11 billion settlement to resolve most claims by insurance carriers related to 2017 and 2018 wildfires in California. It is the second major settlement of wildfire claims by PG&E, and requires …
Seven months after a state agency absolved PG&E Corp. of blame for a deadly 2017 wildfire, the utility giant faces the potential of billions in new legal liabilities — and it’s unclear how it would pay for them. Despite the …
California state agencies spent nearly $1.8 billion fighting fierce wildfires that killed dozens of people and destroyed thousands of homes and businesses last year, legislative budget experts reported Thursday. The federal government will reimburse most of the costs, but the …
California Insurance Commissioner Dave Jones and legislators from wildfire-damaged communities across the state unveiled eight bills (six of which have already been introduced) and two additional legislative proposals—all designed to strengthen consumer protections for wildfire survivors making insurance claims who …
Two massive wildfires that burned up parts of Northern California, killing six people and forcing the evacuation of thousands of people, did nearly $2 billion in damage, according to a global insurance company. A report by London-based Aon Benfield found …
Insurers handling wildfire damage from the Valley and Butte wildfires last month in Northern California has agreed to a claims handling process to help fire victims begin their recovery more quickly, Insurance Commissioner Dave Jones announced on Wednesday. More than …
Some victims of the deadly Lower North Fork Fire in Jefferson County last year will soon receive checks from the state. KUSA-TV in Denver reports Colorado is paying out nearly $2.8 million this week to victims. The State Claims Board …