Raymond James analysts reiterated an Outperform rating and an $80 price target for Mercury General Corporation (NYSE:MCY) ...

Diversified Trust Co lifted its stake in shares of Mercury General Co. (NYSE:MCY – Free Report) by 9.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 8,909 shares of the ...

Insurers have been cutting coverage for thousands of homeowners across the neighborhoods most affected by this week's ...

A wild week on Wall Street included a selloff of insurance stocks as wildfires raged in California, tough talk from President ...

Raymond James sees insured losses in the range of $11 billion to $17.5 billion and said the disaster could become the ...

ALTADENA, California (Reuters) -In the close-knit Los Angeles suburb of Altadena, where rows of neat bungalows once nestled ...

Shares of banks and other financial institutions fell as fears about a spike in Treasury yields and the Californian wildfires weighed. The 10-year Treasury yield, a benchmark for a range of consumer ...

The fires could cause more than $20 billion in damages, further straining the state’s fragile insurance market.

Devastation could result in fewer coverage options for homeowners, with higher prices based on recent reforms.

Insurance and utility stocks with California exposure took a hit Friday as Los Angeles firefighters continued to attempt to ...

Shares of insurance companies, including Mercury General, Lemonade, and Kemper, fell Friday as investors assessed their exposure to the wildfires raging through Southern California.

In 2019, the number of homeowners’ policies in California that were not renewed jumped by more than thirty per cent. In 2023, ...