AM Best downgrades Mercury on Cali wildfire losses

AM Best has downgraded the Financial Strength Rating and Long-Term Issuer Credit Ratings of Mercury Casualty Group on the back of the insurer’s exposure to wildfire losses and significant market concentration in California.

 

Want to read this article?

 

For details on how to subscribe or for all commercial opportunities, including advertising, please contact:

Andy Stone

Sales manager

+44 (0) 77 4160 9204

andy.stone@wbmediagroup.com

    Ricky Lamey

    Business development executive

    ricky.lamey@thomsonreuters.com