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Home / MLM News Roundup / Utility reaches $11B deal with California wildfire insurers

Utility reaches $11B deal with California wildfire insurers

Pacific Gas & Electric has agreed to pay $11 billion to a group of insurance companies representing most of the claims from Northern California wildfires in 2017 and 2018 as the company tries to emerge from bankruptcy, the utility announced Friday. The utility said in a statement the tentative agreement was reached with insurance companies holding ...