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.
Read next
California Puts $3.5B Price on Wildfire Risk Transfer
A study opens the door to on nog the largest potential government cat bond and reinsurance program in U.S. history.
