PG&E creates $105 million housing fund to help wildfire victims - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
May 23, 2019 Newswires
Share
Share
Post
Email

PG&E creates $105 million housing fund to help wildfire victims

Press Democrat, The (Santa Rosa, CA)

May 23-- May 23--A bankruptcy judge on Wednesday granted Pacific Gas and Electric Co. approval to create a $105 million housing assistance fund for those displaced by the 2017 Northern California wildfires and the 2018 Camp fire.

The details, such as how the money will be divvied up among the fire-ravaged communities, still have to be worked out by the company as it selects an independent entity to allocate the financial assistance.

The beleaguered San Francisco-based utility said in a statement the fund will target "those who are either uninsured or need assistance with alternative living expenses or other urgent needs."

Although grateful for any help, Sonoma County officials said they don't expect the money will stretch that far because of the colossal needs throughout the regions burned during the enormous infernos the past two years.

Investigators determined most of the 18 Northern California fires were triggered by PG&E power lines that sparked during windy conditions. However, the state's largest utility was not blamed for the ferocious Tubbs fire in October 2017 that torched a wide swath of the Santa Rosa area, destroying over 5,600 homes and structures and killing 22 people.

"You can start doing the math and you can see it doesn't go that far," said Michael Gossman, director of Sonoma County's Office of Recovery and Resiliency.

In January, PG&E sought Chapter 11 bankruptcy protection from creditors, citing its mounting liabilities -- now up to $69 billion -- related to the fires.

The 2017 blazes burned more than 5,300 homes here leading to about $7 billion in insurance claims, though the cost of rebuilding is much greater given that many residents were underinsured. That damage was in addition to the 654 homes lost in Napa County and the more than 380 destroyed in Mendocino County during the fires two years ago.

The assistance package also includes the 2018 Camp fire in Butte County, the most destructive and deadly blaze in state history killing 85 and leveling 18,800 structures. There were 9,349 home insurance claims filed for a total loss from that blaze.

PG&E said the administrator of its housing assistance fund "will give priority to those participants who are most in need, including those who are currently without adequate shelter." Administrative fees will be capped at $5 million.

One local housing advocate said any money from the fund that's allocated to the city or county should go to the most vulnerable, which likely would include the seven renters still living in a FEMA trailer at the Sonoma County Fairgrounds. They are under a deadline of July 10 to leave.

"We're talking to triage the need. It's similar to do what you would do in an emergency room," said Jennielynn Holmes of Catholic Charities.

The group Rebuilding Our Community has connected with 1,699 households needing help since the 2017 fires and 919 of them are deemed the most vulnerable, Holmes said. They are primarily renters, fire victims whose homes were vastly underinsured and those who previously had been living with many family members in a cramped residence.

The major concern is that if the most vulnerable fire victims neither find permanent housing nor can move away, they will end up on the streets, she said.

"The people we are working with are one minute step away from falling into homelessness," Holmes said.

You can reach Staff Writer Bill Swindell at 707-521-5223 or bill.swindell@pressdemocrat.com. On Twitter @BillSwindell.

___

(c)2019 The Press Democrat (Santa Rosa, Calif.)

Visit The Press Democrat (Santa Rosa, Calif.) at www.pressdemocrat.com

Distributed by Tribune Content Agency, LLC.

Older

Senate Passes Bicameral, Bipartisan Disaster Supplemental

Newer

China Has More Weapons In US Tariff War — But Do They Work?

Advisor News

  • The 6X Formula for leveraging content marketing with AI
  • When a home becomes difficult to insure, the plan changes
  • The inheritance gap: Helping clients plan for money that hasn’t arrived
  • After the midterms: Addressing your clients’ tax concerns
  • Berkeley arts tax heads toward passage while public bank measure looks likely to fail
More Advisor News

Annuity News

  • DOL, trade groups, state AGs file briefs supporting Alcoa in PRT lawsuit
  • John Hancock launches new fixed indexed annuity suite
  • Annuities to play a larger role in workplace retirement plans
  • FHLBank Pittsburgh Announces Results in 2026 Board Election
  • Regulators advance shorter, streamlined annuity buyers guide
More Annuity News

Health/Employee Benefits News

  • High costs limit rural Nebraskans’ access to health care
  • Medicare is already reading your 2026 tax return
  • LUJAN, WARNOCK LEAD BROAD COALITION OF SENATORS TO PUSH SENATE LEADERSHIP TO DELAY REPUBLICAN MEDICAID CUTS OVER CONCERNS ABOUT COVERAGE LOSS
  • WARNOCK LEADS BROAD COALITION OF SENATORS TO PUSH SENATE LEADERSHIP TO DELAY REPUBLICAN MEDICAID CUTS OVER CONCERNS ABOUT COVERAGE LOSS
  • What happens when Medicare coverage begins
More Health/Employee Benefits News

Life Insurance News

  • Three lawsuits put life insurers’ cost-of-insurance practices under scrutiny
  • Military Briefs: November 12-18
  • Security Benefit Series B Preferred Stock Dividend Rate Resets to 10.286%
  • FHLBank Pittsburgh Announces Results in 2026 Board Election
  • New Jackson Study Finds the "Sandwich Generation" Squeeze Comes from More Than Two Sides and It’s Quietly Draining Retirement Savings
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Insurvoice Lets Independent Insurance Agency Owners Analyze Every Customer Call in ChatGPT or Claude
  • Spectrum Weather & Specialty Insurance Celebrates 15 Years and Welcomes the Next Generation
  • Royal Neighbors of America® Increases Service Capacity
  • Benefits Studio Launches to Fill the Missing Middle of Benefits Navigation at $49/mo
  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.