Mercury General Corporation announced on October 9, 2024, that Hurricane Milton made landfall south of Tampa, Florida.
The company writes only automobile insurance in Florida, which accounts for approximately 3% of its companywide direct premiums written.
Based on claims reported to date, Mercury General estimates total catastrophe losses from Hurricane Milton will be $5 million or less, to be recorded in the fourth quarter of 2024, and does not expect a significant impact on its results of operations.
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