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California Wildfire Deal Falls Short | US News
California just passed a wildfire recovery deal — but it’s far from perfect. Governor Newsom pushed hard to eliminate insurers’ right to sue utility companies for fire-related payouts (subrogation) and impose strict damage limits, but lawmakers kept the insurer loophole intact. Instead, they capped legal fees at 10% of settlements and blocked controversial “fire perimeter” rules that would’ve limited trauma claims. The bill still includes key wins: faster payouts for survivors, a statewide wildfire risk tracker, bans on private equity buying claims, and limits on utility exec bonuses. While…
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