Berkshire Utility Settles 403 More Fire Claims for $178 Million.

Berkshire Hathaway's PacifiCorp has agreed to pay $178 million to settle 403 claims from victims of Oregon's 2020 Labor Day wildfires. This settlement comes after attorneys for the victims demanded $30 billion for outstanding claims. PacifiCorp has now settled almost 1,500 claims related to the wildfires, which destroyed hundreds of thousands of acres in central and western Oregon. The company's chairman, Warren Buffett, has warned that wildfires have made utilities in the western US risky investments. [Extracted from the article]