Southern California Edison announced a Wildfire Recovery Compensation Program for Eaton fire victims, aiming to provide quick compensation while avoiding lawsuits. Skepticism arose among lawyers representing victims, who advised caution to not waive rights. Some supporters emphasized the program's potential efficiency in compensating victims and reducing strain on the state's $21 billion wildfire fund, especially under the risk of depletion from claims. State Sen. Henry Stern acknowledged the program's merits, suggesting it could be fairer than legal routes, while Mark Toney noted it could lessen costs on the wildfire fund.
Edison said its Wildfire Recovery Compensation Program would be used to quickly pay Eaton fire victims, including those who were insured, while avoiding lengthy litigation.
Supporters say the plan could be a more efficient way to compensate victims, but lawyers suing Edison say victims need to view the plan cautiously to avoid waiving their rights.
State Sen. Henry Stern (D-Calabasas) said Edison's new program may have some merit as potentially 'a more efficient way' than lawsuits to make sure victims are fairly compensated.
Mark Toney, executive director of the Utility Reform Network, said Edison's program had the potential to reduce costs that otherwise must be covered by the wildfire fund.
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