Berkshire Hathaway’s Losses From L.A. Fires Should Be Small. Which Insurers Are More Exposed.
Berkshire it isn’t a major homeowners insurer in California. It’s is a sizable auto insurer in the state through its Geico ...
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Mercury General expects to exceed its insurance retention level of $150mn
Mercury General Corporation is expecting losses from the Los Angeles wildfires to exceed its insurance retention level of ...
LA fires: Forecast for damages triples to $150B — as California faces an existential insurance crisis
AccuWeather experts revised their estimate of the damages from about $50 billion to between $135 billion and $150 billion.
California Fires Have Caused Billions of Dollars in Losses. Why Insurance Stocks Have a Brighter Future.
Watching Pacific Palisades burn, it may be hard to imagine the insurance industry thriving. But the severe weather of climate ...
As L.A. Wildfire Damages Hit $20 Billion Estimate, Insurers Slump
Raymond James sees insured losses in the range of $11 billion to $17.5 billion and said the disaster could become the ...
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Mercury becomes first major insurance company to return to Paradise
Mercury Insurance, a leading provider of property and casualty insurance, announced today that the company will begin writing new homeowners insurance policies in the town of Paradise, California.
Shares of Mercury General, Lemonade, Other Insurers Fall in Wake of California Wildfires
Shares of insurance companies, including Mercury General, Lemonade, and Kemper, fell Friday as investors assessed their exposure to the wildfires raging through Southern California.
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Mercury Insurance to offer home insurance to Paradise residents
Mercury Insurance will begin writing new homeowners insurance policies in Paradise, California, becoming the first major ...
How the devastating Los Angeles fires could deepen California’s home insurance crisis
The massive fires that have destroyed much of Pacific Palisades and demolished thousands of homes and structures in Los ...
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Mercury says LA wildfire losses to exceed reinsurance retention
Insurer Mercury General Corporation has said that it expects losses from the ongoing wildfires in Los Angeles, California ...
LA fires could boost home insurance premiums statewide
Devastation could result in fewer coverage options for homeowners, with higher prices based on recent reforms.
The Los Angeles Fires Will Put California’s New Insurance Rules to the Test
The state’s insurance industry was reformed in late 2024 to promote coverage in disaster-prone areas. Tens of billions in ...