Published: Fri 15 Mar 2019

SoCal Edison paid $121mn for $300mn Berkshire back-up cover

The hard market for California wildfire insurance drove loss-struck SoCal Edison (SCE) to turn to Berkshire Hathaway as a reinsurer of last resort to replenish coverage in the immediate aftermath of the December 2017 Thomas Fire.

Liability

Losses

Wildfires

US / Americas

Published: Fri 15 Mar 2019

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SoCal Edison paid $121mn for $300mn Berkshire back-up cover

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