wildfires News

Florida Timber Farmers Face Tough Choices Year After Michael

BLOUNTSTOWN, Fla. — The sunsets are a sight to behold in Joe Leonard’s neck of the woods these days. A year ago, lush stands of towering pines obscured the horizon, he said as he drove his pickup along a dusty …

Conference: California Workers’ Comp Should Embrace Innovation

The workers’ compensation market apparently needs to do some catching up where it concerns technology. “Historically we’ve been really slow to adapt to technology and innovation,” said Shaun Jackson, executive director of risk management at Panda Restaurant Group. Jackson was …

PG&E Says It Will File Reorganization Plan in Less Than a Month

PG&E Corp. says it expects to file its plan for reorganization with the bankruptcy court by Sept. 9 and sees emerging from Chapter 11 protection by May 1, according to a filing Monday. The bankrupt utility says in the filing …

Moody’s Links with Four Twenty Seven to Price Climate Risk: Leonid Bershidsky

The acquisition of California-based Four Twenty Seven, Inc., by Moody’s Corporation could signify the beginning of a major shift in how markets price risks related to climate change. Up until now, these risks largely have been absent from investors’ models, …

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 …

Washington State Considers Raising Insurance Tax to Help Fight Wildfires

With an increasing number of forest fires scorching portions of Washington each year, the Legislature is considering a proposal to create a fund dedicated to preventing and battling wildfires. In March, Commissioner of Public Lands Hilary Franz and state Senate …

Investigators Pin Thomas Fire on Southern California Power Lines

One of the largest fires in California history was sparked by Southern California Edison power lines that came into contact during high winds, investigators said Wednesday. The resulting arc ignited dry brush on Dec. 4, 2017, starting the blaze in …

California Wildfires Left Toxic Threats Behind

PARADISE, Calif. — As an uncontrollable wildfire turned the California town of Paradise to ash, air pollution researcher Keith Bein knew he had to act fast: Little is known about toxic chemicals released when a whole town burns and the …

Investors Ignored PG&E Warning About Disasters

PG&E Corp. told investors repeatedly that weather-related disasters were a risk, but many didn’t pay enough attention until the company was on the brink of bankruptcy. The company included warnings in its regulatory filings and offering prospectuses citing how disasters …