PG&E Jolted By Wildfire Lawsuit From Dozens Of Insurance Companies

Dozens of insurance companies have filed a lawsuit against PG&E in connection with the company’s role in wildfires that scorched the North Bay wine country and nearby regions, litigation that intensifies the financial pressure on the embattled utility. The litigation seeks monetary compensation for wrongful deaths, property damage and unspecified personal injuries suffered by insurance company customers in connection with the blazes. "Certainly this is an additional cause for uncertainty hanging over PG&E," said Paul Patterson, an analyst with investment firm Glenrock Equities.