Markets · · 2 min read

Edison Acknowledges "Viable Explanation" for Eaton Fire, Urges Risk Sharing Beyond Private Market Insurance

Edison acknowledged its equipment likely ignited the deadly Eaton fire while calling on California policymakers to overhaul how catastrophic wildfire losses are shared across the economy, even as the company said it cannot yet estimate its total liability.

Edison Acknowledges "Viable Explanation" for Eaton Fire, Urges Risk Sharing Beyond Private Market Insurance
Photo by Jessica Christian / Unsplash

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