In a high-stakes gamble, Wall Street hedge funds are offering to buy claims that insurers may have against Southern California Edison if the utility is found liable for causing the devastating ...

Wall Street hedge funds are swooping in to buy possible insurance claims tied to California’s Eaton fire, a move that has rattled state officials and raised ethical concerns about profiting from ...

How Wall Street hedge funds are gambling millions on Eaton fire insurance claims A firefighter tries to keep flames from the Eaton fire from jumping to homes in Altadena on Jan. 7.