ALTADENA TALKS FOUNDATION | EATON FIRE RECOVERY WATCH Eaton Fire: Hedge Funds Buying Insurer Recovery Claims as SB 492 Stalls. What Altadena Survivors Need to Know Published October 11, 2026 | Altadena, California | Wildfire liability, insurer subrogation, and survivor rights THE BOTTOM LINE: A new October 11 Bloomberg investigation reports that investors are again purchasing insurers' recovery rights from the Eaton and Palisades fires. A broker quoted Eaton-related rights at roughly 55 to 60 cents per dollar of insurer claims. That is not a settlement offer to homeowners or renters. The 2026 SB 492 wildfire reform package failed to advance, and an important 2025 restriction on insurer claim sales applies to fires ignited after September 19, 2025, not the January 7 Eaton Fire. A new Bloomberg report published October 11, 2026 says hedge funds and other investors are increasingly buying insurance companies' legal rights to recover wildfire payments from parties that may...
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