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California's State-Run Insurer Of Last Resort Could Be Facing $10B Bill For Covering Pacific Palisades And Altadena Fire Claims
Wednesday, February 5, 2025 - 1:30pm | 848The fires that devastated Pacific Palisades and Altadena, California have been a nightmare for thousands of citizens who have lost loved ones and their homes. Although the human cost of tragedies of this magnitude can never be calculated, the financial fallout will extend far beyond the fire's...
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Biden Administration Announces One-Time $770 Payments To California Wildfire Victims
Tuesday, January 14, 2025 - 8:31pm | 499President Biden announced a one-time payment of $770 for victims of the ongoing California wildfires on Monday. What Happened: The announcement came during a wildfire briefing at the White House on Monday. The President emphasized that the federal support is not waiting for the fires to end, but is...
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PG&E Crushed Amid California Wildfire Investigation
Friday, October 13, 2017 - 2:17pm | 579PG&E Corporation (NYSE: PCG) shares are down 11 percent on Friday after reports have surfaced claiming downed power lines may be responsible for starting the devastating wild fires in Northern California. Investors are majorly concerned about potential liability for the fires. An 11 percent...