PG&E proposes self-insurance layer to meet $1bn GL coverage target
Faced by surging insurance costs, PG&E has asked California’s public utilities regulator to allow it to introduce a $250mn self-insurance from 2023 that would help it meet the $1bn in insurance it targets to take part in the state’s wildfire fund, with the utility suggesting the size of this layer could increase over time.
If you are a subscriber, please sign back in to read this article
If you are not currently a subscriber please see contact details below