PG&E wildfire cat bond cover cost $26.8mn
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PG&E wildfire cat bond cover cost $26.8mn

destroyed-cars-are-seen-after-the-wildfire-in-paradise-california-pa-39696466.jpg

Pacific Gas and Electric (PG&E) paid $26.8mn for its ground-breaking wildfire catastrophe bond, a coverage which provides the ailing Californian utility with $200mn of ILS protection.

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