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-0.000874635568513153 -0.000874635568513153 -0.00204081632653062 -0.000291545189504522 0.00262390670553925 0.00291545189504357 0.00291545189504357 0.00291545189504357
Stock impact report

Wall Street Brokers Start Trading Insurer Claims From LA Fires [Yahoo! Finance Canada]

Pacific Gas & Electric Co. (PCG) 
Last pacific gas & electric co. earnings: 5/1 08:21 am Check Earnings Report
US:NYSE Investor Relations: finance.yahoo.com/quote/pg
Most Read from Bloomberg Investors are buying so-called subrogation claims, obtaining an insurer's right to compensation from a utility if it's found liable for fire-related damage. The claims are meant to help insurance companies recover losses incurred from disasters. Investment firm Oppenheimer & Co. recently executed the first trade of subrogation claims tied to either the Eaton Fire or the Palisades Fire, according to people familiar, asking not to be identified discussing private information. It has brokered others since, said one of the people. Messages left with Oppenheimer were not returned. Cherokee Acquisition, an investment bank that helps insurers sell subrogation claims, has been “very active” in brokering claims for the Eaton Fire, said Bradley Max, a director at the bank. The January wildfires are among the most destructive in California's history, killing at least 29 people and destroying parts of neighborhoods in Los Angeles County. More than 37,000 fire-r Show less Read more
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