Mercury says TBC whether LA wildfire losses one event or two under its reinsurance – Go Health Pro

Mercury says TBC whether LA wildfire losses one event or two under its reinsurance – Go Health Pro

Mercury General Corporation, one insurance company with meaningful exposure to claims from the Los Angeles, California wildfires, has said today that it has not yet determined whether it will consider the fires as two separate events under its reinsurance arrangements.Previously, Mercury had explained that it expected the California wildfires would result in losses for the … Read more

Mercury says LA wildfire losses to exceed reinsurance retention – Go Health Pro

Mercury says TBC whether LA wildfire losses one event or two under its reinsurance – Go Health Pro

Insurer Mercury General Corporation has said that it expects the ongoing wildfires in Los Angeles, California will result in losses for the company that will exceed its reinsurance retention of $150 million.It will be some time until Mercury has an estimate for its ultimate losses from the ongoing wildfire event, the company said today. But, … Read more

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