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Mercury General’s Outperform Rating Maintained Despite Wildfire Loss Concerns
Raymond James analysts reiterated an Outperform rating and an $80 price target for Mercury General Corporation (NYSE:MCY) ...
Diversified Trust Co Buys 801 Shares of Mercury General Co. (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 ...
California wildfire insurance chaos, dumping DEI and IRS tax season
A wild week on Wall Street included a selloff of insurance stocks as wildfires raged in California, tough talk from President ...
As L.A. Wildfire Damages Hit $20 Billion Estimate, Insurers Slump
Raymond James sees insured losses in the range of $11 billion to $17.5 billion and said the disaster could become the ...
Financials Down as Treasury Yields Continue to Gain -- Financials Roundup
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 ...
Grist14h
California overhauled its insurance system. Then Los Angeles caught fire.
The fires could cause more than $20 billion in damages, further straining the state’s fragile insurance market.
LA fires could boost home insurance premiums statewide
Devastation could result in fewer coverage options for homeowners, with higher prices based on recent reforms.
Shares of Mercury General, Lemonade, Other Insurers Fall in Wake of California Wildfires
Shares of insurance companies, including Mercury General, Lemonade, and Kemper, fell Friday as investors assessed their exposure to the wildfires raging through Southern California.
The New Yorker16h
The Insurance Crisis That Will Follow the California Fires
In 2019, the number of homeowners’ policies in California that were not renewed jumped by more than thirty per cent. In 2023, ...
US insurers slump as Los Angeles wildfire loss estimates escalate
Severe and frequent natural disasters have hastened the insurance industry's retreat from high-risk areas, particularly Florida and California.
California Fires Have Caused Billions of Dollars in Losses. Why Insurance Stocks Have a Brighter Future.
The long-term picture for the insurance industry is brighter. Through the past five years of hurricanes and fires, insurance ...
US insurers slump as Los Angeles wildfire loss estimates hit $20 billion
U.S. insurance stocks slid on Friday as analysts estimated insured losses from the wildfires menacing Los Angeles could reach ...