Mercury General pays $80M to wildfire victims in Southern California, assessing impact on reinsurance.

Mercury General Corporation has paid $80 million in claims to Southern California wildfire victims, covering living expenses and housing contents. The insurer is assessing whether to treat the Palisades and Eaton wildfires as separate events, which could affect reinsurance limits and premiums. Mercury has the financial resources to handle the disaster and is evaluating options for additional reinsurance if needed.

2 months ago
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