This web site needs javascript enabled to work properly. Please enable it to use the full functionality of the web site. Thank You!

Best's News

Best’s News & Research Service subscription required - February 12, 2025 04:11 PM (EST)

Mercury General CEO: FAIR Plan Assessment Share Is $50 Million, Half Recoupable From Policyholders

Mercury General Corp. said its share of the California FAIR Plan’s assessment on property writers in the wake of the Los Angeles wildfires will be about $50 million, of which half could be . . .

-- This content requires a subscription --

Already a Subscriber?

Log in Register your purchase

Not a Subscriber?

Best's News & Research Service

A subscription includes:

BestDay
Best's News
Best's Review
Best's Research
Best's Special Reports & Commentaries
Best's Rankings
and more...

Receive emails featuring AM Best's news and research
Opt-in

California Fires Homeowners Insurance Losses Premiums Catastrophes Earnings Property And Casualty Insurers Personal Automobile Insurance

Reprints & Redistribution

Latest News

BEST'S NEWS
Best's News: AM Best Finds Sustained Growth Potential for DUAE Market Segment
Feb 21, 2025 04:22 PM (EST)

CALIFORNIA
California Lawmakers Debut Another Round of Property Insurance Bills
Feb 21, 2025 04:18 PM (EST)

COMMERCIAL LINES
Marsh Expands Fast Track Property/Casualty Facility
Feb 21, 2025 04:12 PM (EST)

REINSURERS
Specialty Risk Re Gets $50 Million Funding for Longer-Tail Capacity Focus
Feb 21, 2025 04:00 PM (EST)

REGULATION
Washington Bill Would Allow Greater Use of Captive Insurance by Utility Districts
Feb 21, 2025 03:50 PM (EST)

More from Best’s News

Trending

1

BEST'S CREDIT RATING ACTION
AM Best Upgrades Credit Ratings of Peace Hills General Insurance Company
Nov 12, 2024 11:00 AM (EST)

2

HEALTH INSURERS
UnitedHealth Offering Employee Voluntary Buyouts
Feb 19, 2025 04:34 PM (EST)

3

TORT REFORM
Florida Lawmakers Want to Unravel Some Tort Reforms, Increase Insurer Disclosures
Feb 19, 2025 03:28 PM (EST)

4

LOSSES
Fidelis Incurs 4Q $287.2 Million of Adverse Development for Ukraine War Aviation Litigation
Feb 19, 2025 05:48 PM (EST)

5

SPECIAL REPORT
Best’s Market Segment Report: Secondary Peril Events Persist as U.S. Property/Casualty Sector Pushes Toward Rate Adequacy
Feb 20, 2025 07:48 AM (EST)

1

BEST'S CREDIT RATING ACTION
AM Best Upgrades Credit Ratings of Peace Hills General Insurance Company
Nov 12, 2024 11:00 AM (EST)

2

A.M. Best Affirms Rating of Equitable Life of Canada
Jun 13, 2002 12:00 AM (EDT)

3

AM Best Affirms Credit Ratings of Securian Financial Group, Inc. and Its Subsidiaries
Dec 18, 2020 10:22 AM (EST)

4

CALIFORNIA
California Regulator: State Farm Hasn't Met Burden of Proof for Emergency Interim Rate Hikes
Feb 14, 2025 04:32 PM (EST)

5

ECONOMIC ISSUES
AM Best: US Economy Starts 2025 on Solid Ground
Feb 14, 2025 03:41 PM (EST)

1

BEST'S CREDIT RATING ACTION
AM Best Upgrades Credit Ratings of Peace Hills General Insurance Company
Nov 12, 2024 11:00 AM (EST)

2

MODEL LAWS
Home Hardening Programs, Litigation Funding Transparency Among NCOIL’s New Model Laws
Jan 15, 2025 04:46 PM (EST)

3

A.M. Best Affirms Rating of Equitable Life of Canada
Jun 13, 2002 12:00 AM (EDT)

4

AM Best Affirms Credit Ratings of Securian Financial Group, Inc. and Its Subsidiaries
Dec 18, 2020 10:22 AM (EST)

5

SPECIAL REPORT
Best’s Commentary: Wildfires Intensify Troubles in California’s Property Insurance Market
Feb 06, 2025 02:25 PM (EST)

1

MODEL LAWS
Home Hardening Programs, Litigation Funding Transparency Among NCOIL’s New Model Laws
Jan 15, 2025 04:46 PM (EST)

2

MARYLAND
Industry Groups Oppose Maryland’s Proposal on Telematics-Related Notifications
Nov 20, 2024 04:45 PM (EST)

3

BEST'S CREDIT RATING ACTION
AM Best Upgrades Credit Ratings of Peace Hills General Insurance Company
Nov 12, 2024 11:00 AM (EST)

4

POLITICAL CONTRIBUTIONS
Tax Reforms, ‘Open-Minded’ Candidates Driving Industry PAC Contributions, Trade Groups Say
Oct 24, 2024 03:01 PM (EDT)

5

HURRICANES
Hurricane Milton Likely a Manageable Retention Event in Florida, Industry Watchers Say
Oct 10, 2024 04:38 PM (EDT)

AM Best TV

Related Companies

AMB#	Company Name
058411	Mercury General Corporation

BEST'S CREDIT RATING ACTION
AM Best Revises Outlooks to Negative for Mercury General Corporation and Its Subsidiaries
Feb 20, 2025 08:39 AM (EST)

EARNINGS
Mercury General 4Q Net Income Falls 47% as It Predicts 1Q Fire Loss of Up to $325 Million
Feb 11, 2025 05:16 PM (EST)

FIRES
Mercury General Ponders if It Will Classify Palisades and Eaton Fires as Separate Events
Jan 20, 2025 04:23 PM (EST)

CALIFORNIA
California Homeowners Writer Returns to Town Rebuilding From State's Worst Wildfire
Jan 07, 2025 04:56 PM (EST)

EARNINGS
Mercury General Swings to Third-Quarter Profit Despite Catastrophe Losses
Oct 29, 2024 05:27 PM (EDT)

More Related Company News

To Submit News go to - https://www.ambest.com/bestweek/submitnews.html