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Insurance claims from LA fires could ‘fully exhaust’ $21bn state fund

If regional utility is found responsible for January blaze, fund would pay claims and lawsuit settlementsInsurance claims from the Eaton wildfire could “fully exhaust” a state fund that was set up to protect customers when a wildfire is caused by a utility company.The devastating wildfire in Los Angeles killed 17 people and destroyed more than 9,000 structures in January. One leading theory is that ageing equipment belonging to Southern California Edison, the primary electricity provider in the region, ignited the fire. Continue reading...

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