Insurer Mercury Says It Will Survive and Prosper Despite California’s Wildfires
The stock had slumped 25% after the fires to around $50 as investors made the small-cap company into a focused bet on ...
ABC76h
California town nearly destroyed by wildfire rebuilding with unique approach to insurance crisis
More than six years after California's deadliest wildfire nearly destroyed the town of Paradise, residents are continuing to ...
California Politics
California does, for a variety of reasons, take notably long to finish its vote counts. But its Secretary of State Shirley ...
Flood watch issued for Northern California until Saturday night
Northern California is included in a flood watch issued by the National Weather Service on Thursday at 6:59 a.m. The watch is ...
reinsurancene2d
Mercury puts gross LA wildfire loss at up to $2bn, still undecided on one or two events for reinsurance
Los Angeles, California-based insurer Mercury General expects gross losses from the January 2025 wildfires to amount to $1.6 ...
insurancebusinessmag2d
Mercury General reports Q4 2024 results as it preps for California wildfire impact
The California Department of Insurance approved a 12% rate increase for Mercury General's California homeowners insurance ...
California's insurance crisis leaves neighbors facing unequal recovery after wildfires
Before a wildfire ravaged their street in northwest Altadena, Louise Hamlin and Chris Wilson lived next door to each other in ...
Mercury Shares Rise After 4Q Earnings Soothe Wildfire Loss Concerns
Mercury estimates its gross catastrophe losses from the fires will be $1.6 billion to $2 billion. Its reinsurance program provides $1.29 billion of limits on a per occurrence basis after covered ...