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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.
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]
The General Automobile Insurance Services, Inc., or simply The General, is a licensed insurance agency that is a subsidiary of Sentry Insurance that focuses on auto insurance. In 2012, the company was acquired by American Family Insurance ; The General brand still remains as a separate brand. [ 1 ]
In total, the insurance commissioner made 34 allegations against Mercury Insurance. Lara’s team and Mercury will have to present evidence to an independent administrative law judge.
The Mercury 114 was introduced in 1946 [52] to give Mercury-Lincoln dealers a lower-priced car to sell. [51] The 114 was essentially a Ford with a Mercury-style grille, taillights and trim. [51] Its name was a reference to its 114 inch Ford wheelbase with the larger Mercury models sold in Canada as the Mercury 118 due to its longer wheelbase. [51]
National General Insurance, formerly the GMAC Insurance Group is a Winston-Salem, North Carolina–based property and casualty insurance company. The company was founded in 1920. The company is the only insurance company in the United States to originate within the automotive industry.
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