Bankrupt California utility blamed for deadly wildfires agrees to $11bn payout

PG&E to pay insurers of claimants from two years of blazes, including Paradise fire that left 86 dead, in tentative deal A utility company with a history of sparking wildfires has agreed to pay $11bn to a group of insurance companies representing claimants from deadly northern California wildfires in 2017 and 2018. The tentative agreement includes insurance claims from the town of Paradise , where 86 died last November, Pacific Gas & Electric (PG&E) said in a statement Friday. Continue reading...