
Newsom Retreats on Wildfire Liability Caps After Protests and Lawmaker Pushback
Gov. Gavin Newsom abandoned his push to shift wildfire costs to insurers and cap victim payouts after intense protests and legislative resistance. A late-night deal produced a 96-page bill that bans hedge fund speculation on claims and limits executive bonuses, but drops the controversial liability caps. The legislation was rushed through just before the session ended, with survivors praising the outcome while acknowledging the need for further structural reform.


