Mealey's Insurance - PG&E Announces $11B Agreement To Settle Subrogated Claims Over California Wildfires

SAN FRANCISCO - PG&E Corp. and Pacific Gas and Electric Co. announced in a Sept. 13 news release issued on PG&E's website that they have agreed in principle to settle approximately 85 percent of insurance subrogation claims arising from the 2017 Northern California wildfires and the 2018 California Camp Fire for $11 billion.
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