Victims of the Camp Fire in Paradise, California last November. Photo: Josh Edelson/AFP/Getty Images

California residents who were affected by the catastrophic and deadly wildfires last year have filed insurance claims totaling $11.4 billion, according to new estimates released Monday by Insurance Commissioner Ricardo Lara.

Details: Claims from the Camp Fire, the state's deadliest wildfire on record that killed 86 people and nearly 14,000 homes in the northern California, total more than $8 billion. The remaining $3 billion in damages are from two wildfires in Southern California. The figures come as Pacific Gas & Electric Corp., the state's largest utility, is expected to file for bankruptcy protection as soon as Tuesday, per the AP.

Go deeper: Full coverage... Axios on the California wildfires

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U.S. Chamber of Commerce warns of racial inequality for small businesses

Illustration: Aïda Amer/Axios

Attitudes and beliefs about racial inequality are changing quickly as protests and media attention have helped highlight the gaps in opportunity between white- and minority-owned businesses in the United States.

Driving the news: A new survey from the U.S. Chamber of Commerce and MetLife provided early to Axios shows a 17-point increase in the number of small business owners who say minority-owned small businesses face more challenges than non-minority-owned ones.

BP's in the red, slashing its dividend and vowing a greener future

Photo: Ben Stansall/AFP via Getty Images

BP posted a $6.7 billion second-quarter loss and cut its dividend in half Tuesday while unveiling accelerated steps to transition its portfolio toward low-carbon sources.

Why it matters: The announcement adds new targets and details to its February vow to become a "net-zero" emissions company by mid-century.

Women-focused non-profit newsrooms surge forward in 2020

Illustration: Eniola Odetunde/Axios

Women are pushing back against the gender imbalance in media by launching their own news nonprofits and focusing on topics many traditional news companies have long ignored.

Why it matters: "The news business is already gendered," says Emily Ramshaw, co-founder and CEO of The 19th*, a new nonprofit, nonpartisan newsroom reporting at the intersection of women, politics and policy.