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Stock impact report

California Wildfires Destroy More Property, But Industry Losses Uncertain [Seeking Alpha]

Pacific Gas & Electric Co. (PCG) 
Last pacific gas & electric co. earnings: 5/1 08:21 am Check Earnings Report
US:NYSE Investor Relations: finance.yahoo.com/quote/pg
Company Research Source: Seeking Alpha
The ongoing outbreak of wildfire activity in California has continued to destroy property over the last 24 hours, with the number of destroyed structures now standing at 7,150 across the three wildfire outbreaks and uncertainty still remaining over whether utility PG&E will be found liable for the most severe of the blazes. Expectations remain that the wildfire outbreak in California will drive some billions of dollars of losses to insurance, reinsurance and also certain ILS interests, however there is significant uncertainty over how much that will eventually be, not least due to issues related to liability. The Camp Fire, in northern California, remains the most destructive wildfire in state history and has now also become the deadliest on record, with 42 deaths confirmed and still many more people missing. The Camp Fire has not destroyed any more structures since yesterday, still with 6,453 homes and 260 commercial properties have completely destroyed. It has contin Show less Read more
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