PG&E-friendly wildfire bill being prepared by lawmakers in wake of lethal fires

Re:PG&E-friendly wildfire bill being prepared by lawmakers i... by kozikow on Wednesday November 21, 2018 @02:51AM (#18500897)

> "I think homeowners need to be paying fire insurance costs proportional to fire risk"

Wildfires are already covered by property re/insurance. The problem is that risk is badly priced, as modeling for wildfires is currently very underdeveloped compared to hurricanes or earthquakes. There has been no wildfire event of a similar magnitude of property losses in recent history.

Shameless plug: At tensorflight we are actually starting some prototyping of wildfire risk models for the insurance industry based on satellite imagery.

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Re:PG&E-friendly wildfire bill being prepared by lawmakers i... by LanceH on Wednesday November 21, 2018 @05:16AM (#18501491)

A house is insured. PG&E is insured. My house burns down, my insurance pays for it. Then they sue PG&E to recover that payout.

As far as who is at fault: a fire needs a fuel, oxygen and a spark. It can be argued that a spark is going to happen somewhere, and mitigating it is more about not having the fuel so that it can chain and spread.

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Re:PG&E-friendly wildfire bill being prepared by lawmakers i... by masonic on Wednesday November 21, 2018 @10:55PM (#18507764)

  PG&E is insured.

Do we know this? Many large public and quasi-public entities are self-insuring.

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