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California's Insurance Commissioner says no one can lose their insurance in areas hit by wildfires.

RulesRead the original at insurancenewsnet.com
Bad for MCY

The order can stop Mercury from ending some home policies for 1 year, even for residents without fire losses. Mercury's plan to stay and grow in wildfire-hit areas is a counterpoint, but the new limit still raises its exposure.

MCY · Mercury Insurance

AI read · Bad for MCY

The AI's read

This can leave Mercury responsible for homes it might otherwise stop insuring, including homes with no fire loss. Mercury's promise to stay and grow in wildfire-hit areas is a counterpoint, but it does not remove the new limit on ending policies.

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