litigation
confidence high
sentiment positive
materiality 0.85
SCE settles Eaton Fire subrogation at $0.52/dollar; California approves SB 254
EDISON INTERNATIONAL
- SCE agreed to pay $0.52 per $1 of claims paid by insurer, up to an undisclosed cap.
- Insurer had paid ~$500M to policyholders as of July 31, 2025; no admission of liability.
- SCE expects to seek reimbursement from the Wildfire Insurance Fund for eligible Eaton Fire claims.
- California Legislature approved SB 254 on Sept 13; Governor expected to sign into law.