PG&E plans for trust to pay $8.5bn wildfire subrogation claims
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PG&E plans for trust to pay $8.5bn wildfire subrogation claims

Couple checking ruins after fire disaster.

Bankrupt utility Pacific Gas & Electric (PG&E) has proposed setting up a special trust to pay insurers back for billions in wildfire claims, although the total amount would be much less than what the carriers are seeking.

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