PG&E Agrees To $11 Billion Settlement Over California Wildfires

PG&E has reached a settlement to cover 85% of insurance claims from major wildfires in 2017 and 2018. The settlement is a step towards addressing the impact on affected communities, though it is only half of what insurers initially sought. This follows a previous $1 billion settlement with California entities. PG&E, which filed for Chapter 11, has proposed a reorganization plan including $18 billion for wildfire victims and others.

What percentage of the claims paid out to individuals and businesses does the settlement cover?

What is the significance of the settlement for the communities affected by the wildfires?

How many major settlements has PG&E reached regarding the wildfires mentioned in the text?

What was the total amount PG&E agreed to pay to settle claims with California cities and counties?

What did PG&E file for in January, and what was included in their proposed reorganization plan?