Burned-out vehicles stand in Paradise, California, U.S., on Thursday, Nov. 15, 2018.  (Photo: David Paul Morris/Bloomberg)

(Bloomberg) — Edison International's Southern California Edison utility will pay $2.2 billion to settle insurance claims for the Woolsey Fire that tore through Malibu in 2018.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.