Mercury General Corporation issued a preliminary assessment on January 10, 2025, regarding the impact of the extreme wind-driven wildfires that began on January 7, 2025, in Southern California.
The company expects losses from this event to exceed its reinsurance retention level of $150 million. Mercury's reinsurance program provides $1,290 million of limits on a per occurrence basis after covered catastrophe losses surpass the $150 million retention.
If the full $1,290 million limits are utilized, the total reinstatement premium would amount to $101 million. Mercury's claims adjusters are actively assisting customers with their claims and providing support.
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