Bankrupt California utility blamed for deadly wildfires agrees to $11bn payout

PG&E to pay insurers of claimants from two years of blazes, including Paradise fire that left 86 dead, in tentative deal

A utility company with a history of sparking wildfires has agreed to pay $11bn to a group of insurance companies representing claimants from deadly northern California wildfires in 2017 and 2018.

The tentative agreement includes insurance claims from the town of Paradise, where 86 died last November, Pacific Gas & Electric (PG&E) said in a statement Friday.

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Source : Bankrupt California utility blamed for deadly wildfires agrees to $11bn payout