Storms threaten to cause new damage in fire-scorched Southern California
Officials in California distributed sandbags, prepositioned rescue swimmers and told residents to have their go-bags ready as ...
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California FAIR Plan runs out of money, will receive $1 billion bailout
Officials say that the $1 billion bailout is the largest in the history of the FAIR Plan, and will likely raise the future cost of home insurance in the state ...
CA seeks $1 billion from insurers to shore up fair plan
LOS ANGELES (KTLA) – A deadly crash involving a wrong-way driver forced the closure of the southbound 405 Freeway through the ...
Mercury General signals strong 2025 recovery backed by $1.6B-$2B wildfire loss estimates and 12% rate hike
Q4 2024 Management View CEO Gabriel Tirador highlighted that Mercury General achieved record-breaking results for Q4 2024, with an after-tax operating income of $154 million and a combined ratio of 91 ...
California FAIR Plan gets $1 billion assessment to head off insolvency
It means California property owners will likely be billed from their private insurers to help compensate the FAIR Plan.
Insurer Mercury Says It Will Survive and Prosper Despite California’s Wildfires
The stock had slumped 25% after the fires to around $50 as investors made the small-cap company into a focused bet on ...