PG&E crews repair power lines that were destroyed by the Camp Fire in Paradise, California. Photo: Justin Sullivan/Getty Images

California utility company PG&E announced Friday it has reached an $11 billion settlement with a group of insurers for its role in deadly 2018 wildfires.

Why it matters: PG&E faired well considering insurers were initially seeking $20 billion to pay for the cost of claims, says the Financial Times. The current settlement will cover 85% of claims.

What they're saying:

  • Ad Hoc Subrogation Group said in a statement they "hope that this compromise will pave the way for a plan of reorganisation that allows PG&E to fairly compensate all victims and emerge from Chapter 11 by the June 2020 legislative deadline," per Financial Times.
  • A lawyer representing the victims described PG&E's plan to cap payments at $8.4 billion as "totally unacceptable," reports Reuters.

Go deeper: California wildfire is the most destructive in state history

Go deeper

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Louisville officer: "Breonna Taylor would be alive" if we had served no-knock warrant

Breonna Taylor memorial in Louisville. Photo: Brandon Bell/Getty Images

Sgt. Jonathan Mattingly, the Louisville officer who led the botched police raid that caused the death of Breonna Taylor, said the No. 1 thing he wishes he had done differently is either served a "no-knock" warrant or given five to 10 seconds before entering the apartment: "Breonna Taylor would be alive, 100 percent."

Driving the news: Mattingly, who spoke to ABC News and Louisville's Courier Journal for his public interview, was shot in the leg in the initial moments of the March 13 raid. Mattingly did not face any charges after Kentucky Attorney General Daniel Cameron said he and another officer were "justified" in returning fire to protect themselves against Taylor's boyfriend.

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