wildfires

PG&E Corporation (NYSE: PCG) shares were losing more than 10% Monday after California Gov. Gavin Newsom rejected the company’s bankruptcy restructuring plan late Friday. “I believe the Amended Plan falls woefully short of the requirements of [public utilities bill] AB 1054,”...

By Beau Whitney, Senior Economist, New Frontier Data With California wildfires seemingly a daily subject in the news media lately,  U.S. Department of Agriculture officials have suggested that references to "fire season" should be updated to "fire years" instead. Marked...

Ferocious winds will continue to rock the shores and inland communities of Lake Erie and Lake Ontario today as a strong cold front blasts through the Northeast region. Whether hauling a full load or LTL, deadheading or bobtailing, drivers will have to extra careful. Nasty Northeast Cleveland...

PG&E Corporation (NYSE: PCG) shares are trading higher after the company reported it agreed to a settlement to resolve certain claims on the 2017 Northern California wildfires and the 2018 campfire. The company agreed in principle with entities representing about 85% of insurance subrogation...

Multiple counties and cities in California, including Napa County and the city of Napa, reached a settlement agreement with public utility company PG&E Corporation (NYSE: PCG) to resolve wildfire claims, Napa Valley Register reported. What Happened Napa County and the city of Napa, in addition...

Utility company PG&E Corporation (NYSE: PCG) is close to reaching a deal with large investors to overhaul its board of directors and replace its CEO, Bloomberg reported. What Happened PG&E faces $30 billion in liabilities stemming from wildfires its equipment may have caused and the...

PG&E Corporation (NYSE: PCG) has rallied more than 18 percent since the company officially filed for bankruptcy on Jan. 29. However, one Wall Street analyst said he is increasingly pessimistic the state of California will modify its wildfire liability laws to help protect its public utilities....

Investors were trying to react to mixed news from The Travelers Companies Inc (NYSE: TRV) on Tuesday as the insurer reported earnings that beat Wall Street estimates — even with higher claims losses from a major hurricane and wildfires. The company also said Tuesday it plans to reduce...

The raging fires in Alberta have caused a devastating amount of damage to local residents. However, the fires could continue to burn Canadian insurance companies long after they are extinguished. The latest data from TickerTags indicate that the Alberta fires could potentially cost insurers...