X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Burned-out vehicles stand in Paradise, California, U.S., on Thursday, Nov. 15, 2018.  (Photo: David Paul Morris/Bloomberg)

(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.

This premium content is locked for
Insurance Coverage Law Center subscribers only.

Start a free trial to enjoy unlimited access to the single source of objective legal analysis, practical insights, and news for the insurance industry.

  • Access the most current expert analysis and daily developments across jurisdictions
  • Solve complex research issues with expert tools and intelligence
  • Tap into insurance coverage expert guidance

Already have an account?
For enterprise-wide or corporate access, please contact our Sales Department at 1-800-543-0874 or email [email protected].

 

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.