Shares of insurance and utility companies exposed to the devastating California wildfires plummeted during the trading session on Jan. 10.
Mercury General Corp, a multiple-line insurance firm, led the losses on Friday, crashing about 20 percent.
US Insurance, Utility Stocks Tank as Wildfires Continue to Rage
Mercury General plummeted by more than 20 percent on Jan.10.
Shane Torre douses hot spots of what remains of his home in Altadena, Calif., on Jan. 9, 2025. John Locher/AP Photo
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
