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Mercury was founded by George Joseph, who flew 50 World War II missions as a navigator before graduating from Harvard on the G.I. Bill in 1949. Joseph then spent more than a decade in the insurance industry before founding Mercury Insurance in 1961 as a low-cost alternative to larger insurance companies.
Metromile, Inc. is a San Francisco-based technology start-up that offers pay-per-mile car insurance, licenses a digital insurance platform to insurance companies around the world, and provides a digitally native offering featuring smart driving features, automated claims, and vehicle information.
Mercury General, a multiple-line American insurance organization; Mercury Interactive, a software testing tools vendor; Mercury Marine, a manufacturer of marine engines, particularly outboard motors; Mercury Systems, a defense-related information technology company; Mercury Technologies, a financial technology company
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Drivers with a good record qualify for 20% discount, but California insurance regulators say that Mercury steers them into highest-priced policies.
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At the time, the automobile insurance industry was not flexible, with all drivers paying the same rate, regardless of their driving record or experience. Noting that, Joseph founded Mercury Insurance in 1962. Mercury offered auto insurance policies with differing rates, based on a driver's record and experience, a first in the industry. [1]
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