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.

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