US EditionSoCal Edison Launches Compensation Program For Eaton Fire Victims
LOS ANGELES COUNTY, CALIFORNIA, JUL 24 – Southern California Edison will compensate homeowners, tenants, and businesses affected by the Eaton Fire through a program expected to run through 2026, covering property loss and injuries.
- In an effort to avoid litigation, Southern California Edison said Wednesday it would compensate Eaton fire victims directly for damages, planning to launch a Wildfire Recovery Compensation Program this fall.
- With dozens of lawsuits filed against Southern California Edison over the Jan. 7 fire, it has yet to concede fault as investigations continue, court filings show.
- Under the program, Southern California Edison said it will cover property loss, injuries, fatalities, and business interruption, administered by Feinberg and Biros.
- Southern California Edison President and CEO Pedro Pizarro said, `victims shouldn't have to wait for the final conclusions`, and the process lets communities focus on recovery instead of costly litigation.
- However, officials warn the wildfire fund could be exhausted from Eaton Fire costs, with details on program operation through 2026 and eligibility coming in the weeks ahead.
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Daily Breeze
State panel urges lawmakers to push back against profiteers in Eaton fire
State officials overseeing California’s wildfire fund urged the Legislature on Thursday to regulate hedge fund investors who buy insurance claims as a way to make money from catastrophic fires. Administrators of the $21 billion fund are concerned that those investing in subrogation claims would pull “California money out of California” and have an outsized impact on the fund if Southern California Edison is found liable for the Eaton fire. Offic…
Southern California Edison says it will create an Eaton Fire 'compensation program.' Survivors are skeptical
In summary The Eaton Fire’s cause is still under investigation, but Southern California Edison is planning to launch a fund to compensate those affected. Survivors say the utility is trying to “buy us off.” Southern California Edison this week said it will create a compensation program for those affected by the deadly Eaton Fire in January. Set to launch this fall, the “Wildfire Recovery Compensation Program” will pay eligible victims for claims…
The electrical company whose transmission lines are suspected of unleashing one of the deadly fires that ravaged Los Angeles this year said Wednesday that it would compensate the victims, even before there is a formal conclusion that it was guilty. Southern California Edison (SCE), which faces multiple costly flame lawsuits, said it would create a fund to offer compensation to those who lost their homes or had their health affected. The company …
Associated Press News
California utility creates fund for victims of January's deadly Eaton Fire near LA
Southern California Edison has announced it will create a fund to compensate victims of January’s devastating Eaton Fire near Los Angeles.
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