California utilities have paid out over $12bn in subrogation payments tied to destructive wildfires in 2017 and 2018, but now with the bulk of recoveries done, remaining recoveries may only offer limited financial relief to the insurance industry.
California utilities have paid out over $12bn in subrogation payments tied to destructive wildfires in 2017 and 2018, but now with the bulk of recoveries done, remaining recoveries may only offer limited financial relief to the insurance industry.