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California Seizes Small Insurer Merced P&C Due to Wildfire Claims

California Seizes Small Insurer Merced P&C Due to Wildfire Claims

By Kathleen Ronayne | December 2, 2018 California regulators moved Friday to take over an insurance company that can’t pay out all claims following a massive wildfire that destroyed more than 13,000 homes. Merced Property & Casualty Company was pushed to insolvency by the fire that sparked Nov. 8 and nearly destroyed Paradise and surrounding towns, state Insurance […]