A compromise has been reached on wildfire policies. Homeowners, insurers, and fire survivors had expressed concerns about a proposal that would have shifted costs onto them. As a result, a narrower package of policies was agreed upon. This package includes certain restrictions on private equity groups and utility CEOs.

The agreement marks a shift from an original plan that would have reduced costs for electrical utilities. Instead, the new deal focuses on specific measures to address wildfire claims and CEO bonuses.

Further details about the compromise are available, including the specific terms of the agreement and the reactions of those involved.