Insurers and ILS investors exposed to $1.4bn PG&E Cali wildfire cover

Australia wildfires

As wildfires continue to ravage large swathes of California, insurers face potential exposure through the upsized $1.4bn insurance cover bought by Pacific Gas and Electric Company (PG&E) on 1 August 2018 after the utility firm admitted it could be on the hook for billions of dollars in liability.

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