Mercury’s potential two-event claim flags reinsurer T&C risk
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Mercury’s potential two-event claim flags reinsurer T&C risk

Disclosures show the insurer has roughly 4,300 homeowners’ policies in effect in fire-impacted zip codes.

By Adam McNestrie Rachel Dalton Ben Wylie
January 22, 2025
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ALAMY pacific palisades fire wildfire los angeles la california January 2025.png
Photo: Alamy

Mercury General’s move to signal that it might claim the Palisades and Eaton wildfires as two separate events highlights an issue with treaty terms that, in some cases, could lift reinsurers’ exposure to the loss.

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Topics

Catastrophe lossesNewsCaliforniaReinsurersProperty treaty
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