Marketplace · Monday, August 31, 2026
A newly introduced California Senate bill regarding wildfire liability reform would not prevent insurers from recovering claims from utilities. This news negatively impacted electricity providers, with PG&E and Edison International seeing significant stock price drops.
“Wildfire liability reform bill introduced in the California Senate would not prevent insurers from recovering wildfire related claims from utilities.”
“That hit this day to electricity providers hard.”
“PG&E ran down more than 20%.”
“Edison International slid more than 23%.”