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California  + Retail  | 

PG&E Reaches $11B Settlement with Insurers Over California Wildfires

San Francisco-based PG&E Corporation and Pacific Gas and Electric Company reached an $11 billion settlement with a group of insurers covering most of the claims from wildfires in California in 2017 and 2018. The agreement involves entities representing roughly 85% of insurance subrogation claims stemming from the 2017 Northern California wildfires and 2018 Camp Fire.

PG&E Corporation’s Bill Johnson said, “Today’s settlement is another step in doing what’s right for the communities, businesses, and individuals affected by the devastating wildfires.”

The settlement is subject to definitive documentation and approval of the Bankruptcy Court overseeing PG&E’s Chapter 11 case. This is PG&E’s second major settlement of wildfire claims.

The utility reached agreements earlier this year to settle claims relating to the 2015, 2017, and 2018 wildfires for a total of $1 billion. Proceedings regarding the third and final major group of wildfire claims are currently pending in both Federal District Court and State Court.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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