California Wildfire Deal Falls Short | US News

California just passed a wildfire recovery deal — but it’s far from perfect. Governor Newsom pushed hard to eliminate insurers’ right to sue utility companies for fire-related payouts (subrogation) and impose strict damage limits, but lawmakers kept the insurer loophole intact. Instead, they capped legal fees at 10% of settlements and blocked controversial “fire perimeter” rules that would’ve limited trauma claims. The bill still includes key wins: faster payouts for survivors, a statewide wildfire risk tracker, bans on private equity buying claims, and limits on utility exec bonuses. While Newsom calls it insufficient and demands deeper structural reform next year, lawmakers celebrate it as a victory for victims and a rebuke to Wall Street profiteers — all while trying to keep the shaky Wildfire Fund afloat with bond financing. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/7b25cb1bb9e9d068