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Utility to Pay $2B Settlement in Deadly 2018 California Fire

Utility to Pay $2B Settlement in Deadly 2018 California Fire January 27, 2021 LOS ANGELES (AP) — Southern California Edison will pay $2.2 billion to settle insurance claims from a deadly, destructive wildfire sparked by its equipment in 2018, the utility announced Monday. Edison, which acknowledged no wrongdoing, said the agreement covers all claims in pending lawsuits from insurance companies related to the Woolsey fire, which blackened 151 square miles (3...
United States Ventura County Craigs Simon Los Angeles Pedro Pizarro Berger Kahn

Settlement of $2.2 billion reached in Woolsey fire subrogation cases

Subrogation Leadership in the Woolsey fire successfully finalized a $2.2 billion settlement between Southern California Edison (“SCE”) and over 100 subrogation insurance plaintiffs and other holders of Woolsey fire claims. The final settlement was reached on January 22, 2021, following a successful mediation overseen by Judge Peter Lichtman, Ret. of Signature Resolution. The agreement also requires SCE to reimburse the subrogation claim holders a percentage for future payments up to an agr...
United States Orange County San Francisco Bay Los Angeles County San Diego Craigs Simon

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