SoCal Edison to Settle Woolsey Fire Insurance Claims for $2.2B
The 2018 blaze scorched more than 96,000 acres and destroyed more than 1,600 structures in Los Angeles and Ventura Counties.
(Bloomberg) — Edison International’s Southern California Edison utility will pay $2.2 billion to settle insurance claims for the Woolsey Fire that tore through Malibu in 2018.
The company also reached settlements with plaintiffs involving the 2017 Thomas and Koenigstein fires and the 2018 Montecito mudslides, it said in a statement. Edison, which did not admit wrongdoing or liability, reached a $360 million settlement last year with local government agencies that were harmed by the same fires.
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