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Should Utilities Pay for California Wildfire Damage?

Some consumer advocates say utilities should pay for the damages caused by California’s wildfires, but that could leave shareholders on the hook......»»

Category: topSource: barronsMay 26th, 2018

Best solution to prevent California wildfire disasters: Stop building in places likely to burn

The most effective way to reduce deaths and property destruction from California wildfires would be to stop building in fire-prone areas, and make structures that already exist in those areas more resilient......»»

Category: realestateSource: bdcnetworkNov 30th, 2018

Losses From California Wildfires Could Reach $19 Billion

History's most destructive and deadliest of California wildfires, the Camp Fire, was fully contained on Monday. Property losses from the fire and the Woolsey fire in southern California could reach........»»

Category: blogSource: 247wallstNov 27th, 2018

Trump tours scorched Paradise, California: "It"s total devastation"

Evan Vucci/AP President Donald Trump visited northern California neighborhoods Saturday to survey damage caused by a wildfire that ravaged.....»»

Category: topSource: businessinsiderNov 18th, 2018

Trump to Survey ‘Incredible’ Fire Damage in California Following Criticism

The deadly California wildfires have killed 71 people and p.....»»

Category: europeSource: fortuneNov 17th, 2018

Fire-plagued Calif. won"t let insurers "cram" through big rate hikes in 2019

California's destructive wildfires could pressure home insurers operating in the state, coming as insured losses have the potential to approach around $6.8 billion from the current fires......»»

Category: topSource: moneycentralNov 17th, 2018

Aimco says California fires have not caused material damage to company

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallNov 15th, 2018

California Wildfires Set For $25 Billion In Damages As Death Toll Hits 31; Suspected Looters Arrested

Update: PG&E and Edison International stock prices are crashing as a.....»»

Category: blogSource: zerohedgeNov 12th, 2018

California Was Already Facing an Insurance Crisis. The Deadliest Wildfires in State History Are Making It Even Worse

Damages are expected to top $19 billion this year. The Camp Fire in Northern California and the Woolsey Fire in suburban Los Angeles continue to burn, with the death toll reaching 31 as weather remains dry thro.....»»

Category: europeSource: fortuneNov 12th, 2018

At Least 25 Dead as Wildfires Hit California in North and South

The death toll from wildfires raging at both ends of California rose to at least 25 Saturday, as property damage from the fires continued to mount including the destruction of a famed Hollywood Western set......»»

Category: asiaSource: wsjNov 11th, 2018

HBO’s ‘Westworld’ Set Burns Down in California Fire

The Woolsey Fire is one of three wildfires causing death and damage across California. The set for HBO’s hit show Westworld has .....»»

Category: europeSource: fortuneNov 9th, 2018

Hurricane Michael caused as much as $5 billion in insured property damage, CoreLogic says

Residential and commercial properties in Florida sustained between $3 billion and $5 billion in damage, including from storm surge and wind, according to an estimate out .....»»

Category: topSource: marketwatchOct 12th, 2018

Hurricane Florence caused $19 billion to $28.5 billion in property damage: CoreLogic

Residential and commercial properties in the Carolinas and Virginia sustained between $19 billion and $28.5 billion in damage, including damage resulting from st.....»»

Category: topSource: marketwatchSep 25th, 2018

Hurricane Florence estimated to have caused $22 billion in damage

Tens of thousands of people in North Carolina are starting to tally the damage from Hurricane Florence. Early estimates show the storm caused as much as $22 billion in destruction. Manuel Bojorquez reports......»»

Category: topSource: moneycentralSep 19th, 2018

A Weaker Hurricane Florence Is Good News for Insurers Too

The potential insured damage caused by the storm was scaled back from as high as $20 billion to a range of $1 billion to $5 billion.....»»

Category: topSource: barronsSep 14th, 2018

California utility posts nearly $1 billion fire-related loss

Utility giant Pacific Gas & Electric on Thursday reported a nearly $1 billion loss for the second quarter of 2018 due to clean-up, repair and legal costs related to wildfires that raged across Northern California last fall......»»

Category: topSource: foxnewsJul 26th, 2018

States Where Wildfires Caused the Most Damage

The 2018 wildfire season has begun in devastating fashion, and 61 major fires burn uncontained across 12 states. over 760,000 acres — roughly the size of the entire state of Rhode Island........»»

Category: blogSource: 247wallstJul 5th, 2018

This $2.5 Billion Wildfire Charge May Be Just the Beginning for California Utilities

The parent of California’s largest investor-owned utility plans to take a $2.5 billion charge related to a spate of deadly wildfires that swept the northern part of the state last October......»»

Category: smallbizSource: wsjJun 21st, 2018

PG&E shares fall as California links utility company to wildfires

State officials said the fires in question “were caused by electric power and distribution lines, conductors and the failure of power polls.”.....»»

Category: topSource: foxnewsJun 11th, 2018

The 12 deadly California wildfires last fall were reportedly caused by downed power lines

REUTERS/Gene Blevins The 12 Northern California wildfires last fall, including two that killed a total of 15 people, were caused by downed power lines. A government.....»»

Category: topSource: businessinsiderJun 8th, 2018