Mercury General Stock Craters. Why the Insurer Is Bearing the Brunt of the L.A.
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Mercury General's stock has significantly dropped due to its high exposure to California, where 80% of its $4.6 billion premiums were generated last year. This makes the insurer vulnerable to the recent L.A. blaze.
January 10, 2025 | 2:00 pm
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Mercury General's stock is under pressure due to its significant exposure to California, where a recent blaze has impacted the region. With 80% of its premiums coming from California, the company's financials are at risk.
The company's heavy reliance on California for its premiums makes it particularly vulnerable to regional disasters like the L.A. blaze, leading to a negative impact on its stock price.
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