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23 February 2026Insurance

SoCal Edison books first $1.1bn in Eaton settlements

The California utility increasingly associated with the Eaton wildfire, one of the two major wildfires that destroyed urban regions north and northwest of Los Angeles in January 2025, settled a total of $1.1 billion in claims from the fire to end-2025, albeit at a cost of only $9 million to its P&L.

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