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PG&E and utilities not liable for starting Tubbs wildfire

25th January 2019

The Tubb’s wildfire which burned California in October 2017 was not ignited by equipment from Pacific Gas & Electric Co’s (PG&E) or any other utility provider, hence this particular fire cannot trigger liability claims from the insurance and reinsurance backing the firms. The Tubb’s wildfire burned the Sonoma and Napa county and wine region of […]

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Speculators & lawyers circle Cal Phoenix Re wildfire cat bond

10th December 2018

The $200m Cal Phoenix Re Ltd. (Series 2018-1) catastrophe bond, which was sponsored by now under-pressure California electrical utility PG&E, has become the subject of a significant amount of interest from a range of investors and law firms that see a potential opportunity to speculate on its fate or divert the collateral funds.

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