Feds blasts PG&E's $13.5B deal with fire victims that may see money clawed back
California real-estate markets feeling the burn as fires raise home insurance costs
FOX Business’ Susan Li report on how the California wildfires are driving up the cost of homeowners’ insurance, impacting the real estate market.
SAN FRANCISCO (AP) — Tensions between the U.S. government and Pacific Gas & Electric are boiling over as the two sides battle over whether a taxpayer-funded agency should be allowed to stake a claim on a $13.5 billion settlement covering most of the losses from catastrophic wildfires blamed on the bankrupt utility.
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The showdown came into sharper focus Monday when a top official from the Federal Emergency Management Agency blasted the nation's largest utility and fire victims' lawyers for negotiating a deal that could put the government in the untenable position of trying to claw back money it already has paid to people who lost family members and homes in fires ignited by PG&E's transmission lines from 2015 and 2018.