Memorable music and creative cuisine paired perfectly for a good cause when the Drake Restaurant in Laguna Beach hosted an annual fundraiser dubbed “Groove for Good” on Tuesday, June 6.
Utility to Pay $2B Settlement in Deadly 2018 California Fire January 27, 2021
LOS ANGELES (AP) Southern California Edison will pay $2.2 billion to settle insurance claims from a deadly, destructive wildfire sparked by its equipment in 2018, the utility announced Monday.
Edison, which acknowledged no wrongdoing, said the agreement covers all claims in pending lawsuits from insurance companies related to the Woolsey fire, which blackened 151 square miles (391 square kilometers) of Los Angeles and Ventura counties. Three people died in the November 2018 fire, and more than 1,600 homes and other buildings were destroyed.
In addition, Edison said it has finalized settlements from the December 2017 Thomas fire and mudslides a month later on land that burned.
Subrogation Leadership in the Woolsey fire successfully finalized a $2.2 billion settlement between Southern California Edison (“SCE”) and over 100 subrogation insurance plaintiffs and other holders of Woolsey fire claims. The final settlement was reached on January 22, 2021, following a successful mediation overseen by Judge Peter Lichtman, Ret. of Signature Resolution. The agreement also requires SCE to reimburse the subrogation claim holders a percentage for future payments up to an agreed cap.
Los Angeles County Superior Court Judge William F. Highberger presided over the Woolsey Fire Cases in the Complex Department of LA Superior Court. Craig S. Simon of Berger Kahn served as Co-Lead Counsel for the subrogation plaintiffs and was a key negotiator for the subrogation group.