PG&E moving forward with $11 billion settlement with insurance companies over wildfire claims

SAN FRANCISCO -- PG&E is moving forward with an $11 billion settlement with insurance companies over wildfire claims.

RELATED: PG&E reaches settlement with insurers over NorCal wildfires

The utility company said the deal covers 85 percent of claims stemming from the 2017 North Bay Fires and last year's Camp Fire.

A US bankruptcy court overseeing the company's Chapter 11 case will need to approve the agreement.

See more stories and videos related to wildfires.