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Commissioner Lara issued a one-year moratorium on insurance companies refusing to renew policies on homes in fire disaster areas.
The utility company has agreed to settle claims of individuals who sustained losses from the 2017 Northern California Wildfires and 2018 Camp Fire.
Appealing to the state insurance commissioner's plea, 26 insurers have extended the time limits for 2017 fire victims.
The number of people dying on America's roads dropped by nearly 1,000 in 2018, according to the National Highway Traffic Safety Administration.
The subpoena is seeking documents relating to the company's disclosure of certain compensation-related perks.
Even insurers not offering cyber cover could find themselves being impacted financially, according to GlobalData.
The agreement will resolve all insurance subrogation claims arising from the 2017 Northern California wildfires and 2018 Camp Fire.
The number of people killed as the result of drivers running red lights has spiked in recent years, according to AAA.
By contrast, separate indices show that the resilience of households against three risks has improved in most regions since the turn of the century.
The company has agreed to an $11 billion settlement to resolve approximately 85% of insurance subrogation claims arising from the 2017 and 2018 wildfires.
{ "author": { "name": "Victoria Spears", "webUrl": "/author/profile/victoria-spears/", "description": "", "imageLarge": "https://secure.gravatar.com/avatar/f16d6fc2845f417ea0e93a3f2b6cd37d?s=136&d=mm&r=g", "estimate": 22, "social": [], "articles": [ { "uri": "/2019/12/11/california-bars-insurers-from-refusing-to-renew-policies-in-wildfire-disaster-areas-414-168382/", "title": "Calif. bars insurers from refusing to renew policies in wildfire areas", "byline": "Victoria Spears", "kicker": "News", "prettyDate": "December 11, 2019", "timeToRead": "4 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2019/12/3-Camp-Fire-AP-Noah-Berger.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/victoria-spears/", "name": "Victoria Spears" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Commissioner Lara issued a one-year moratorium on insurance companies refusing to renew policies on homes in fire disaster areas.", "body": null }, { "uri": "/2019/12/10/in-final-major-settlement-pge-reaches-agreement-to-resolve-individual-claims-relating-to-2017-and-2018-wildfires-and-2015-butte-fire-414-168406/", "title": "In major settlement, PG&E reaches final agreement to resolve wildfire claims", "byline": "Victoria Spears", "kicker": "News", "prettyDate": "December 10, 2019", "timeToRead": "4 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2019/12/Camp-Fire-David-Paul-Morris-Bloomber.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/victoria-spears/", "name": "Victoria Spears" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "The utility company has agreed to settle claims of individuals who sustained losses from the 2017 Northern California Wildfires and 2018 Camp Fire.", "body": null }, { "uri": "/2019/11/26/insurers-agree-to-california-insurance-commissioners-request-to-extend-time-for-2017-wildfire-survivors-to-access-ale-benefits-414-167749/", "title": "Insurers agree to extend time for 2017 fire victims to access ALE benefits", "byline": "Victoria Spears", "kicker": "News", "prettyDate": "November 26, 2019", "timeToRead": "3 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2018/12/camp-wildfire-ruins-bloomberg332769828_1-7.jpg", "width": "616", "height": "372" }, "authors": [ { "webUrl": "/author/profile/victoria-spears/", "name": "Victoria Spears" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Appealing to the state insurance commissioner's plea, 26 insurers have extended the time limits for 2017 fire victims.", "body": null }, { "uri": "/2019/11/14/nhtsa-reports-36560-traffic-deaths-in-2018-414-166868/", "title": "NHTSA: Motor vehicle fatalities declined for the second consecutive year", "byline": "Victoria Spears", "kicker": "News", "prettyDate": "November 14, 2019", "timeToRead": "2 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2019/11/car-crash.jpg", "width": "616", "height": "372" }, "authors": [ { "webUrl": "/author/profile/victoria-spears/", "name": "Victoria Spears" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "The number of people dying on America's roads dropped by nearly 1,000 in 2018, according to the National Highway Traffic Safety Administration.", "body": null }, { "uri": "/2019/10/14/argo-confirms-sec-subpoena-and-review-of-governance-and-compensation-matters-414-165112/", "title": "Argo confirms SEC subpoena", "byline": "Victoria Spears", "kicker": "News", "prettyDate": "October 14, 2019", "timeToRead": "2 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2019/10/Capture-2.png", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/victoria-spears/", "name": "Victoria Spears" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "The subpoena is seeking documents relating to the company's disclosure of certain compensation-related perks.", "body": null }, { "uri": "/2019/10/10/cyber-risks-pose-threat-for-insurers-even-those-that-do-not-offer-cyber-insurance-globaldata-says-414-164597/", "title": "Cyber risks threaten insurers, even for those not offering cyber insurance", "byline": "Victoria Spears", "kicker": "Market Insights", "prettyDate": "October 10, 2019", "timeToRead": "3 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2019/10/cybersecurity-insurers.jpg", "width": "616", "height": "372" }, "authors": [ { "webUrl": "/author/profile/victoria-spears/", "name": "Victoria Spears" } ], "kickerNode": [ { "uri": "/market-insights/", "sectionName": "Market Insights" } ], "summary": "Even insurers not offering cyber cover could find themselves being impacted financially, according to GlobalData.", "body": null }, { "uri": "/2019/10/08/pge-executes-definitive-agreement-resolving-insurance-subrogation-claims-relating-to-2017-and-2018-wildfires-414-164333/", "title": "PG&E executes definite agreement to resolve wildfire insurance claims", "byline": "Steven A. Meyerowitz |\n Victoria Spears", "kicker": "News", "prettyDate": "October 08, 2019", "timeToRead": "3 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2019/10/Wildfire-2-Bloomberg.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/steven-a-meyerowitz/", "name": "Steven A. Meyerowitz" }, { "webUrl": "/author/profile/victoria-spears/", "name": "Victoria Spears" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "The agreement will resolve all insurance subrogation claims arising from the 2017 Northern California wildfires and 2018 Camp Fire.", "body": null }, { "uri": "/2019/09/30/deaths-due-to-red-light-running-hit-10-year-high-414-162550/", "title": "Deaths due to red light running hit 10-year high", "byline": "Victoria Spears", "kicker": "Analysis", "prettyDate": "September 30, 2019", "timeToRead": "3 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2019/09/Red-light-Shutterstock.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/victoria-spears/", "name": "Victoria Spears" } ], "kickerNode": [ { "uri": "/analysis/", "sectionName": "Analysis" } ], "summary": "The number of people killed as the result of drivers running red lights has spiked in recent years, according to AAA.", "body": null }, { "uri": "/2019/09/19/world-economy-is-less-resilient-but-insurance-can-help-swiss-re-says-414-163102/", "title": "World economy is less resilient but insurance can help, Swiss Re says", "byline": "Victoria Spears", "kicker": "Market Insights", "prettyDate": "September 19, 2019", "timeToRead": "9 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2019/09/Globe-finance-shutterstock.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/victoria-spears/", "name": "Victoria Spears" } ], "kickerNode": [ { "uri": "/market-insights/", "sectionName": "Market Insights" } ], "summary": "By contrast, separate indices show that the resilience of households against three risks has improved in most regions since the turn of the century.", "body": null }, { "uri": "/2019/09/17/pge-reaches-11-billion-agreement-to-resolve-insurance-subrogation-claims-relating-to-2017-and-2018-wildfires-414-163293/", "title": "PG&E reaches $11B agreement to resolve claims related to wildfires", "byline": "Victoria Spears", "kicker": "News", "prettyDate": "September 17, 2019", "timeToRead": "3 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2019/09/Camp-Fire-Bloomberg.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/victoria-spears/", "name": "Victoria Spears" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "The company has agreed to an $11 billion settlement to resolve approximately 85% of insurance subrogation claims arising from the 2017 and 2018 wildfires.", "body": null } ] } }
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