GM(US:GM) Prnewswireยท2025-01-10 14:05Core Viewpoint - Mercury General Corporation is assessing the impact of recent wildfires in Southern California, which began on January 7, 2025, and expects losses to exceed $150 million, the company's reinsurance retention level [2][3]. Reinsurance Program - The company's reinsurance program provides $1,290 million in limits on a per occurrence basis after losses exceed the retention level of $150 million [3]. - If the full reinsurance limits are utilized, a total reinstatement premium of $101 million would be required [3]. Customer Support - Mercury claims adjusters are actively assisting customers with their claims during this challenging time, and policyholders can find detailed claims filing information on the company's online portal [4]. Company Overview - Mercury General Corporation is a multiple line insurance organization primarily offering personal automobile and homeowners insurance through independent producers and direct-to-consumer sales across various states [5].