PG&E has $992 million in insurance for damages caused by fire

PG&E Corp said it has about $992 million in insurance coverage for damages caused by a pipeline explosion Thursday in San Bruno.

The company’s financial condition could be “materially adversely affected” if, based on the outcome of an investigation, insurance recoveries are unavailable or insufficient to cover losses, according to a public filing Friday by the San Francisco utility owner. PG&E said it has a $10 million deductible, according to Bloomberg News.

LocalnewsUS

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/
Previous story
Burris wants to finish Obama’s term
Next story
Who said this?

Just Posted

New plan provides a road map to better transit for Bayview residents

SFMTA to review suite of 101 projects designed to improve community safety and access

Mandelman bringing bathhouses back to The City

New ordinance would amend health code restrictions imposed in 1980s

Bernie Sanders draws large crowd at Richmond rally

Democratic presidential candidate U.S. Sen. Bernie Sanders drew a large crowd at… Continue reading

Quarantined ship passengers sequestered at Travis Air Force Base

More than a dozen have tested positive for coronavirus

Japanese American family at heart of beloved Golden Gate Park garden

The Japanese Tea Garden, the oldest public Japanese garden in North America,… Continue reading

Most Read