AM Best drops Mercury Casualty to A after wildfire hit
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AM Best drops Mercury Casualty to A after wildfire hit

Marissa Page
12 December 2018
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AM Best has downgraded the financial strength rating (FSR) of Mercury Casualty Group to A from A+.

The ratings agency’s decision comes after the company’s parent, Mercury General, ceded a loss of $216mn to its reinsurers from the wildfires that hit California in November.

“While...

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Marissa Page
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