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Shares for PG&E plunged after a judge ruled that a jury can determine whether it should pay billions in damages to wildfire victims.

Wildfires that scorched hundreds of thousands of acres just brought one of America's largest utilities to its knees.

Under current California law, utilities can be held liable for costs if their equipment is found to have caused a fire.

PG&E's $1.4 billion in wildfire insurance may not be enough to cover all its potential liabilities from the Camp Fire.

PG&E's potential liability if they are found responsible for this year's fires could be as much as $15 billion.

Europe's largest insurer, Allianz SE, is in the early stages of evaluating a variety of potential acquisition targets.

The sale of part of its U.S. operations raised almost $1 billion less than the company had hoped for.

The sale of part of its U.S. operations raised almost $1 billion less than the company had hoped for.