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Gov. Newsom orders study examining utility wildfire liability caps and a state insurance fund amid climate change and California’s insurance crisis.

The report will recommend ways to reduce fire risk and share disaster costs following January’s devastating L.A. fires.

An insurance group opposes limiting utility liability, calling it “the worst safety incentive” for companies whose equipment sparks blazes.

Gov. Gavin Newsom called Tuesday for a report that will study whether to limit the liabilities of California’s investor-owned utilities if they’re found to have caused wildfires — as well as to possibly establish a state-supported property insurance fund.

The executive order i

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