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.
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Pershing Files for $10B IPO as Vantage Deal Puts Insurance at Center of Ackman's Strategy
Pershing Square's IPO filing confirms the $2.1 billion Vantage acquisition and reveals insurance companies as anchor investors — while flagging the deal as a distraction risk to the fund itself.
