In his first shareholder letter, Berkshire CEO Greg Abel draws a firm line on wildfire liability for energy holdings, even as Berkshire's own insurance operations absorbed nearly $1.8 billion in underwriting losses tied in part to the 2025 Los Angeles fires.
As California’s wildfire liability debate moves into its final phase, PG&E is telling investors that a bad deal could hurt grid expansion, affordability, and AI data-center growth.
Wall Street insurers across earnings calls about software and private credit exposure, suggesting the buy side sees concentration risk the industry hasn't priced.
After settling a $650 million claim tied to the Marshall Fire, the utility says that its power shutoff strategy is painful but necessary.
