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You are here: Home / News / California Regulator Takes Control of Small Failing Insurer Impacted by Wildfires

California Regulator Takes Control of Small Failing Insurer Impacted by Wildfires

December 6, 2018 By CollisionWeek Editor

Deadliest and most destructive fire in California history overwhelms Merced Property & Casualty Company.

The California Insurance Department took expedited legal action to secure the assets of and take control of Merced Property & Casualty Company, in an effort to protect the company’s policyholders, including those who suffered losses in the Camp Fire. provided both homeowners and auto coverage in the state. In 2017, it reported over 700,000 in auto physical damage written premium in California.

California Department of Insurance SealThe volume of claims associated with the catastrophic Camp Fire—the deadliest and most destructive fire in California history—has overwhelmed the small insurer to the

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Filed Under: News Tagged With: California, Department of Insurance

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