Weather & Natural Disasters Wildfires

  • A charred vehicle was left in the middle of Honey Run Road as the Camp Fire continues with zero containment in Paradise, Calif., on Friday, Nov. 9, 2018.

    California Gov. Gavin Newsom on Friday released a wildfire report that slams PG&E for its role in major blazes and suggests the state could push to break up the utility.

  • April 12- California Governor Gavin Newsom on Friday proposed a new fund to pay for wildfire liabilities, while holding the state's largest utility more accountable for the growing number of blazes in the state. The creation of a fund that would allow utilities to pay for wildfire damage claims sent PG&E Corp shares soaring nearly 12 percent before closing...

  • April 12- California Governor Gavin Newsom on Friday proposed a new fund to pay for wildfire liabilities, while holding the state's largest utility more accountable for the growing number of blazes in the state. The creation of a fund that would allow utilities to pay for wildfire damage claims sent PG&E Corp shares up nearly 12 percent. The current system...

  • SAN FRANCISCO, April 2- A U.S. judge said on Tuesday that PG&E Corp may not resume paying dividends and must use the money to fund its plan for cutting down trees to reduce the risk of wildfires in California, stopping short of more costly measures he proposed earlier this year. The terms will, however, keep PG&E under the supervision of Judge William Alsup of the U.S....

  • SAN FRANCISCO, April 2- A U.S. judge on Tuesday imposed new criminal probation terms on PG&E Corp aimed at reducing the risk that the bankrupt power producers equipment will spark more destructive wildfires in wooded areas of California. U.S. District Court Judge William Alsup of the Northern District of California at a hearing barred PG&E from reissuing...

  • U.S. District Court Judge William Alsup of the Northern District of California at a hearing barred PG&E from reissuing dividends so funds can be used to cut wildfire risk. The probation stems from the company's felony conviction in a deadly 2010 natural gas pipeline blast in San Bruno, California, near San Francisco, that killed eight people and injured 58...

  • A home destroyed by Camp Fire in Paradise, California on November 11, 2018. The Camp Fire in Butte County destroyed more than 10,000 homes and left 86 people dead.

    California is preparing to mobilize National Guard troops to reduce the threat of wildfires by clearing hazardous dead trees, vegetation and creating fuel breaks, according to Cal Fire.

  • December 7, 2017 - Thomas fire approaching Santa Paula near highway 150 in Southern California

    One of the largest fires in California history was sparked by Southern California Edison power lines that came into contact during high winds, investigators said Wednesday.

  • Pacific Gas & Electric Co. (PG&E) employees work to fix downed power lines burned by wildfires in this aerial photograph taken above Santa Rosa, California, U.S., on Thursday, Oct. 12, 2017.

    PG&E Corp. won't face criminal charges in connection a series of wildfires that hit California's wine country in October 2017, four local district attorneys announced late Tuesday.

  • Test house at the Insurance Institute for Business and Home Safety.

    It is impossible to build a fully fireproof home, but researchers are now focused on making homes at least fire resistant.

  • This is how wildfire-resistant homes are constructed

    CNBC's Diana Olick reports on how the increased risk of wildfires and disaster is a risk to homebuilders. Olick looks at the new ideas in home construction that help houses become wildfire resistant.

  • NEW YORK, March 1- PG&E Corp investor BlueMountain Capital Management LLC on Friday named 13 people it hopes to install as directors at the embattled power utility weeks after the company filed for bankruptcy in the wake of California's catastrophic wildfires. BlueMountain's slate includes former California Treasurer Phil Angelides who chaired the U.S....

  • Pacific Gas & Electric Co. (PG&E) employees work to fix downed power lines burned by wildfires in this aerial photograph taken above Santa Rosa, California, U.S., on Thursday, Oct. 12, 2017.

    Hedge fund and PG&E investor BlueMountain Capital announced Friday that it has nominated 13 candidates for election to the company's board.

  • PG&E crews remove power lines damaged by fire off Bille Road in Paradise, Calif., on Saturday, Nov. 10, 2018.

    PG&E Corp. said Thursday that it believes it's "probable" that its equipment will be found to be the source of the 2018 Camp Fire.

  • Feb 27- Shares of PG&E Corp fell 3 percent on Wednesday after federal filings showed that the power utility had delayed a safety overhaul of a high-voltage transmission line, a prime suspect behind the deadliest wildfire in California history. The company filed for bankruptcy protection in January in anticipation of liabilities from the wildfires,...

  • Pacific Gas & Electric Co. (PG&E) workers repair a transformer in Paradise, California, on Thursday, Nov. 15, 2018.

    PG&E reportedly delayed safety work on a transmission line that is the main suspect behind the deadliest wildfire in California's history.

  • Feb 21- PG&E Corp, which filed for bankruptcy last month in the wake of potential liabilities from California's catastrophic wildfires, on Thursday extended the deadline by which investors must file paperwork if they want to install their directors on the board. Investors will now have until March 1 to nominate director candidates, the utility said in a...

  • Feb 21- PG&E Corp, which filed for bankruptcy last month in the wake of California's catastrophic wildfires, on Thursday extended the deadline by which investors must file paperwork if they want to install their own directors on the board.

  • PARIS, Feb 21- Net profits at AXA, Europe's second biggest insurer, fell sharply as a result of charges related to its U.S. unit's initial public offering and a spate of natural disasters, although AXA hoped for higher earnings this year. Under Chief Executive Thomas Buberl, AXA is undergoing a deep restructuring aimed at making the French group more international...

  • PARIS, Feb 21- AXA, Europes second-biggest insurer, said on Thursday that its 2018 net profit fell from a year ago as a result of charges related to its U.S. unit's initial public offering and the impact of a spate of natural disasters. Net profit fell 66 percent from a year earlier to 2.14 billion euros, below the 2.47 billion expected by analysts polled by Infront...