JMP: Insurance sell-off “overdone” with Fair Plan to take “disproportionate” share of wildfire loss

By David Bull

Published: Mon 13 Jan 2025

The stock reaction last week for insurance carriers seen as exposed to the Los Angeles wildfires was “overdone” in many cases, according to JMP Securities’ Matt Carletti, who suggested the California Fair Plan will likely absorb a “disproportionate” share of insured losses.