PG&E not liable for Tubbs Fire say Cal Fire investigators
Energy supplier Pacific Gas & Electric Co (PG&E), which has been accused of starting several of the wildfires that decimated parts of California last year, has been cleared of causing the Tubbs Fire by the California Department of Forestry and Fire Protection (Cal Fire), which is responsible for determining the origin and cause and of wildfires.
The October 2018 Tubbs Fire was, at the time, the most destructive in California history; it incinerated almost 5,700 structures, killed 22 people and caused insured losses of some $8 billion.
The investigation concluded that it was caused by a private electrical system adjacent to a residential structure. Cal Fire investigators did not identify any violations of state law, Public Resources Code, related to the cause of this fire.
However, PG&E is not yet off the hook. Investigations are ongoing into the cause of the Camp Wildfire, which destroyed almost 19,000 structures, resulting in 86 deaths and insured losses of as much as $10 billion.
US insurers Allstate, State Farm and USAA have launched lawsuits that could be worth billions against Pacific Gas & Electric (PG&E) alleging it is liable for the Camp Fire, California’s most destructive and costly wildfire to date.
The energy company, which is already being sued by victims of the fires, has acknowledged they were issues at one of its transmission towers near where the fire started but the exact cause of the fire has yet to be determined.
As a result of these lawsuits, the company recently said it intends to file for bankruptcy protection. If it is determined that PG&E equipment was the cause of the Camp Fire, under California law the company will assume full financial liability for all damages.
Get all the latest re/insurance industry news with our daily newsletter - sign up here.
More of today's news
Broker EC3 hires from JLT Re to drive growth in the Middle East
AXA unveils AI robots Harry, Bert and Lenny – but claims no job losses yet
UK moves to protect trade with Swiss insurers
IUA ready to respond to regulator’s report into wholesale brokers competition
Aetna completes $200m ILS to better manage capital
Allianz launches AI platform to revolutionise injury claims
Download our survey inforgraphic: 'The Impact of Automation on Commercial Lines'
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze