{"schema_version":"secwatch.filing_event.v1","accession":"0000064996-25-000005","form_type":"8-K","ticker":"MCY","cik":"0000064996","company_name":"MERCURY GENERAL CORP","filed_at":"2025-01-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.077426+00:00","generated_at":"2026-05-27T22:38:01.037184+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Mercury General pays $80M in wildfire claims, details reinsurance structure","bullets":["Paid $80M to policyholders for living expenses and contents; dwelling claims at Coverage A for total losses.","PCS designated Palisades and Eaton as separate events; treaty allows combining within 150 miles.","Two-event scenario: up to $1.29B first event, $1.238B second event limits; retentions $150M each plus $101M reinstatement premium.","Sufficient liquidity; may add reinsurance for stub period ending June 30, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0000064996-25-000005","json":"https://secwatch.observer/filing/0000064996-25-000005.json","markdown":"https://secwatch.observer/filing/0000064996-25-000005.md","text":"https://secwatch.observer/filing/0000064996-25-000005.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/64996/000006499625000005/0000064996-25-000005-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/64996/000006499625000005/mcy-20250120.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T22:38:01.037184+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}