PG&E settles with insurance companies, paying $11 billion in California wildfires
Pacific Gas & Electric (PG&E) announced that it has reached an $11 billion settlement with insurance firms on claims arising from the disastrous 2017 fire in northern California and 2018 Camp Fire.
The company’s statement on Friday stated that there is an arrangement “in principle with entities representing approximately 85 percent of insurance subrogation claims for an $11 billion settlement… Continue Reading..