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PG&E settles wildfire claims with insurers for $11 billion

Reuters India Friday, 13 September 2019
PG&E Corp said on Friday it has reached an $11 billion settlement to resolve most claims by insurance carriers related to 2017 and 2018 wildfires in California.
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News video: PG&E Reaches $11B Deal With California Wildfire Insurers

PG&E Reaches $11B Deal With California Wildfire Insurers 00:32

Pacific Gas & Electric and a group of insurers say they have reached an $11 billion settlement to cover most of the claims from the 2017 and 2018 wildfires in California. Katie Johnston reports.

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