Instant Insights / Wildfires & their destruction

Deadly and destructive wildfires have destroyed or damaged thousands of homes and businesses across the globe, and have caused billions of dollars in insured losses in recent years.

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PG&E sees 'significant liability' in California wildfires

Cal Fire said Friday that PG&E equipment caused at least 12 of the wine country blazes.

By Mark Chediak, Pamela Maclean and Jim Efstathiou Jr. | Updated on June 11, 2018

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(Bloomberg) – PG&E Corp. expects to record a “significant liability” for losses stemming from fatal fires in California in October that state officials said were started by the utility giant’s equipment. The shares fell in early trading.

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