Power producer PG&E Corp. said on Friday it has reached an $11 billion settlement agreement with entities representing about 85% of insurance subrogation claims relating to 2017 and 2018 wildfires.

The company said these claims were based on payments made by insurance companies to individuals and businesses with insurance coverage for wildfire damages.

EDMONTON — The 2019 RIMS Canada Conference got its green light Monday morning when technology and disruption strategist Shawn Kanungo entered the Edmonton Convention Centre in an ELA, an electronic autonomous shuttle being piloted in Canada. “Transform” is this year’s conference theme and, as emcee, Kanungo emphasized the need for attendees to embrace risk in order to improve their organizations.

“Experimentation,” he said, “is the gateway drug to true transformation.”

Ahead of the morning’s keynote, the RIMS Canada Council announced its top honors for accomplishment in the risk management field. For the risk professional earning the highest average mark on the three examinations required to attain the Canadian Risk Management (CRM) designation, the Fred H. Bossons Award was awarded to Ronnie Yuen, underwriting assistant at Starr Technical Risks Canada, Inc.

Medical payments in California’s workers’ compensation system continued to decline in 2018 as the medical payments per claim decreased, according to a report from the Workers’ Compensation Insurance Rating Bureau of California.

The WCIRB released its California Workers’ Compensation Aggregate Medical Payment Trends report comparing medical payment information from 2016 to 2018.

A new report shows that an evidence-based drug formulary put into effect by the California Division of Workers’ Compensation’s over a year ago may be working.

The formulary went into effect Jan. 1, 2018. It was intended to: reduce frictional costs in the workers’ compensation system; restrict inappropriate prescribing, especially those that relate to opioids; and ensure that injured workers receive medically necessary medications in a timely manner.

Divers and search crews were still looking Tuesday for nine missing people after at least 25 were confirmed dead when a boat packed with scuba divers caught fire near an island off the Southern California coast.

The dive-boat Conception became engulfed in flames before dawn as the passengers on a recreational scuba diving trip slept below deck.

The California Earthquake Authority gained 23,861 earthquake insurance policies following the magnitude 6.4 and 7.1 earthquakes and aftershocks that struck on unnamed faults near Ridgecrest beginning on the July 4 holiday.

That’s the second-largest monthly net increase in the 23-year history of the CEA, a not-for-profit, privately funded, publicly managed organization.

The board of California’s State Compensation Insurance Fund announced plans to distribute a $105 million dividend to qualifying policyholders with policies that took effect between Jan. 1 and Aug. 19.

This dividend equals roughly 15% of the estimated annual premium reported in State Fund’s mid-year 2019 financial statement and averages out to roughly $1,400 per employer.

People affected by wildfires in Northern California in 2017 and 2018 can soon file claims for housing assistance and other immediate needs with Pacific Gas & Electric Co.

They can file their claims online through the website for the utility’s wildfire assistance program as early as this week.

(TNS) - Northern California communities hit by some of the worst wildfires the state has ever seen are now preparing for another kind of disaster: prolonged power shut-offs caused intentionally by Pacific Gas and Electric Co.

PG&E has used its aggressive new strategy to prevent its equipment from starting another fire only on one weekend so far this year. But the utility is poised to turn off the lights much more in the coming months as hot, dry and windy weather persists during the most dangerous part of wildfire season.

The impacts may be extreme and unprecedented, cutting entire cities off from the electric grid for several days in the worst-case scenarios. In those instances, stoplights and even cell phones could stop working properly, local officials say, snarling traffic and hamstringing residents’ ability to communicate.

(TNS) — After five years of drought, Santa Cruzans became familiar with ways to make their lawns “water wise.”

Now, city public safety officials are hoping to make residents “firewise,” as well.

Santa Cruz Fire Department officials on Wednesday recognized volunteers from the Prospect Heights neighborhood for their efforts to earn Santa Cruz County’s first National Fire Protection Association certification for a Firewise USA program participant.