Mercury expects LA wildfire losses to exceed reinsurance retention limit
Reinsurance News - Jan 10, 2025
Mercury General Corporation has provided a preliminary assessment of the recent wildfires in Southern California, expecting losses to exceed its reinsurance retention level of $150 million. Since January 7, 2025, extreme wind-driven wildfires have caused widespread destruction across Southern Califo...
Recommended Articles
Posted: Apr 02, 2026
US cyber reinsurance rates fell around 32% during the April 1 renewals, impacted by a surge in exces...
Posted: Apr 02, 2026
Aon’s Reinsurance Solutions, the reinsurance division of global broker Aon, has appointed Jukgrid Tr...
Posted: Apr 02, 2026
Markel, the insurance operations within Markel Group Inc., has announced the appointment of James Sh...