Mercury General reports net wildfire loss of $414mn with $2.15bn gross hit
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Mercury General reports net wildfire loss of $414mn with $2.15bn gross hit

The insurer has not decided whether to sell its Eaton subrogation rights.

By Jairo Ibarra
May 07, 2025
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Californian insurer Mercury General has recorded net pre-tax cat losses from the January wildfires of around $414mn, including $331mn of net losses and loss adjustment expenses and $83mn for its share of Fair Plan losses, after $25mn of recoupable...

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Topics

News Catastrophe losses California Insurers Personal lines
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