California’s Newsom Wants to Stall $11 Billion PG&E Fire Payout

PG&E | November 11, 2019

California Governor Gavin Newsom has asked a federal judge to delay signing off on PG&E Corp.’s $11 billion insurance claim settlement, saying the deal is premature. In a filing Saturday, the governor raised issues with a proposed settlement of so-called subrogation claims that would see PG&E pay billions to holders of insurance claims tied to wildfires. “Given the uncertainty related to the plan that will resolve these chapter 11 cases, and the possibility that the state will need to pursue its own plan, the Allowed Subrogation Claim Amount may be an impediment to confirmation of a plan of reorganization,” according to the filing. “It is simply too early to tell.”

Spotlight

At any age, health care is a priority. When you retire, however, you will probably focus more on health care than ever before. Staying healthy is your goal, and this can mean more visits to the doctor for preventive tests and routine checkups. There's also a chance that your health will decline as you grow older, increasing your need for costly prescription drugs or medical treatments. That's why having health insurance is extremely important.

Spotlight

At any age, health care is a priority. When you retire, however, you will probably focus more on health care than ever before. Staying healthy is your goal, and this can mean more visits to the doctor for preventive tests and routine checkups. There's also a chance that your health will decline as you grow older, increasing your need for costly prescription drugs or medical treatments. That's why having health insurance is extremely important.

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Majesco | October 11, 2021

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Propel Insurance | June 07, 2021

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