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Wolfpack Research published on Mercury General (NYSE: MCY — $2.76 billion), a Los Angeles-based home and auto insurance company. Wolfpack estimated that the company “faces more than $2 billion in losses following the LA wildfires” based on Wolfpack’s analysis of “an obscure, ~4,000-page rate filing which reveals the number of homes and condominiums [Mercury] insures in each California zip code.” Wolfpack also highlighted that Mercury’s losses materially exceed the company’s ~$1.3 billion in reinsurance, among other issues.