Insurance Commissioner Seeks To Liquidate Insurer Following California Fires

Mealey's (December 4, 2018, 10:40 AM EST) -- MERCED, Calif. — As a result of the fires in Paradise, Calif., the California insurance commissioner on Nov. 30 requested to be appointed liquidator for Merced Property & Casualty Co. because the insurer projects to be insolvent from those fires losses (Insurance Commissioner of the state of California v. Merced Property & Casualty Co., No. N/a, Calif. Super., Merced Co.)....