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PG&E's $6 Billion Plan to Prevent Wildfires Is in Peril
California regulators are likely to significantly restrict the number of power lines the company can bury in the coming years in favor of other ways
Utilities Face a Growing Dilemma: Shut Off Power or Risk Wildfires
As wildfire risk spreads from Oregon to Hawaii, utilities weigh whether to leave customers in the dark when winds pick up. Source link
Wagers on the Weather? Insurers Offer a Way for Businesses to Hedge Climate Risks
Parametric insurance, which lets businesses tie their policies directly to weather conditions such as wind speed and flood depth, has garnered interest amid tough conditions
The Panama Canal Has Become a Traffic Jam of the Seas
More than 200 vessels are stuck on either side of the waterway as a serious drought cuts crossings. Source link
Hawaiian Electric Is in Talks With Restructuring Firms
The utility is facing mounting litigation alleging it was negligent before and during the Maui wildfires. Source link
PG&E Scraps Tree-Trimming Program Once Seen as Key to Fire Prevention
The California utility spent more than $2 billion on an effort it says was ineffective. Its focus now is on power-line settings. Source link
Home Insurers Are Charging More and Insuring Less
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Facing Big Storm Losses, Insurers Aim to Boost Rates
Severe storms that brought hail and high winds to places such as Texas and states in the central U.S. are wreaking havoc on insurers’ profits.
Tornado Damages Key Pfizer Drugmaking Plant
The plant in Rocky Mount, N.C., produces a quarter of the sterile injectable medicines used by U.S. hospitals. Source link
Insurers Aim to Boost Rates
Severe storms that brought hail and high winds to places such as Texas and states in the central U.S. are wreaking havoc on insurers’ profits.