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Two large storms hit the Midwest and Ohio Valley regions on May 14-17 and May 18-20. -
The two parties seek to delay a judge’s summary judgment order.
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Wildfires resulted in heavy losses for insurers focused on HNW, personal lines and reinsurance.
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"Smoke damage is real damage," Commissioner Lara said.
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Tornadoes have killed at least 32 people in three states.
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The targeted uplift comes after Mercury ceded nearly $1.3bn of wildfire losses to reinsurers in Q1.
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Competition and ample capacity are pushing premiums lower.
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Inflation indices fell in April, but some items related to P&C are still elevated.
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Previous complaints alleged their involvement, but this is the first time a complaint has identified the alleged funders.
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The company has settled, or is in the settlement stage, for 80% of the exposure.
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Two wind and hail events were responsible for 60% of the total.
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Rates have fallen an average of 10%, though changes can be highly specific to each property.
