California Passes $20M “Controlled Burn” Insurance Backstop
Lack of liability cover was adding fuel to the state’s wildfire problems.
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Feeling Burned, PG&E Proposes $1B Exit From Private Market
The struggling utility says it wants an alternative to “high-cost wildfire liability” polices being offered insurers and reinsurers.
California “Extreme Heat” Reinsurance Pool, Cat Model Pivot Pushed
Progressive consumer groups are already pushing back on catastrophe model recommendations.
