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    Home - Insurance - Insured losses due to California wildfires to exceed $30 billion — report
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    Insured losses due to California wildfires to exceed $30 billion — report

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    Insured losses due to California wildfires to exceed  billion — report
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    Carriers like Mercury General, with a strong presence in California, reported heavier losses. The state’s FAIR Plan, which insurers high-risk properties, also reported significant losses, estimated at $4 billion. Its cash and surplus levels are expected to drop from $1.5 billion at the start of the year to $305 million by June, prompting a $1 billion assessment on private insurers.



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