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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.
Mercury wrote $1 million in premiums every month by 1970 and sold its first homeowners policy in 1972. The newly created Mercury Insurance Company wrote its first auto policy in 1977. [7] In 1989, Mercury began expansion outside of California, opening offices in Georgia and Illinois. The company insured more than 1 million vehicles in ...
Mercury offered auto insurance policies with differing rates, based on a driver's record and experience, a first in the industry. [1] As of 2013, Mercury employs 4,000 agents and has $4 billion in assets. [1] Joseph remains actively involved in the operations of Mercury Insurance as the chairman of the board, but the CEO of the company is now ...
California was the only state in the nation where prices dropped over the 22 year period." [15] Rosenfield opposed Proposition 17, a $16 million attempt by Mercury Insurance Group to repeal a key provision of Proposition 103 in 2010; it was defeated. [16] The company spent another $17 million on a very similar initiative in 2012; it too was ...
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