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PG&E Is Dubious of Fire Victim’s Claim for a 500-Pound Emerald

  • $280 million loss arises in proceeding to estimate damages
  • Utility wants to probe ‘suspicious’ and ‘duplicate’ claims
Bloomberg business news
Blaze Near Los Angeles: 7,500 Ordered to Evacuate

PG&E Corp. says it has found suspicious monetary claims by victims of California’s wildfires, including one from a man who says a 500-pound (227-kilogram) emerald worth $280 million was destroyed at his home a year ago in the most destructive and deadliest wildfire in state history.

The utility is probing duplicate or “exceptionally large monetary claims, which appear suspicious,” according to a court filing that is part of efforts to determine PG&E’s potential liability from fire-related losses and estimate damages. U.S. District Judge James Donato will probably take up the issue Monday at a regularly scheduled hearing.