Reported about 1 year ago
Warren Buffett's PacifiCorp, a utility owned by Berkshire Hathaway, has agreed to a $150 million settlement with 378 plaintiffs for the 2020 wildfires in Oregon and northern California. The settlement resolves most claims related to the Slater Fire, while PacifiCorp has already paid over $1 billion to settle claims from the Labor Day weekend fires. Despite still facing litigation and potential government lawsuits over the wildfires, PacifiCorp aims to settle 'all reasonable claims' following Buffett's acknowledgment of underestimating wildfire financial risks in his annual letter to Berkshire shareholders.
Source: YAHOO