Three lawsuits filed against Southern California Edison regarding Eaton Fire, Wells Fargo estimates LA fires could amount to insured losses of about $30 billion

 

(Photo: Photo: Josh Edelson)

"At least three suits representing more than a dozen victims were filed Monday, Jan. 13, in Los Angeles County Superior Court against Southern California Edison, blaming the utility for igniting the Eaton fire, which reduced areas of Altadena to rubble and caused 16 deaths."

"Attorneys were poised Monday to file more suits in the catastrophic Pacific Palisades blaze, signaling a wildfire of litigation."

This according to Los Angeles Daily News.

https://www.google.com/amp/s/www.dailynews.com/2025/01/13/lawsuits-blame-sce-for-eaton-fire-saying-power-lines-were-not-de-energized/amp/

"Financial analysts at Wells Fargo Securities estimated Monday that the latest Los Angeles County wildfires could amount to insured losses of about $30 billion, with about 85% involving homeowners."

https://www.google.com/amp/s/www.nbcnews.com/news/amp/rcna187479