Mercury General expects to exceed its insurance retention level of $150mn
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Mercury General expects to exceed its insurance retention level of $150mn

The company’s stock price has plummeted in the wake of the LA wildfires.

By Caroline Ryan
January 10, 2025
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Mercury General logo NYSE.jpg

Mercury General Corporation is expecting losses from the Los Angeles wildfires to exceed its insurance retention level of $150mn, the company stated in an SEC filing.

Mercury’s

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Topics

NewsCatastrophe lossesStocksAIGChubbReinsuranceInsurers
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