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A spokesperson for Mercury Insurance emailed a statement to The Bee Monday evening, saying company leaders strongly disagrees with the allegations presented in the Insurance Department’s ...
Mercury offices opened in Northern California by 1968. [7] 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 ...
A.M. Best Affirms Ratings of Mercury General Corporation and Its Insurance Entities OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior ...
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 ...
Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in the United States by 1989.
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During 2010, Consumer Watchdog opposed Proposition 17, a ballot measure sponsored by Mercury Insurance Group to repeal a provision of Proposition 103 which prohibits insurance companies from considering a driver's history of prior insurance coverage when determining the price or availability of automobile insurance. Mercury spent $16 million in ...
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