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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]
Customer deposits of up to $5 million can be spread out across multiple accounts that are each under the FDIC's $250,000 insurance limit. [9] The company provides a corporate credit card called Mercury IO. [10] The company also operates Mercury Raise, a service connecting customers with investors. [11]
Drivers with a good record qualify for 20% discount, but California insurance regulators say that Mercury steers them into highest-priced policies.
A car insurance claim may be settled as soon as the same day for simple claims, like a glass claim for a broken windshield. However, a more complex claim with multiple vehicles and injuries may ...
After you file a claim with your auto insurance company, an insurance adjuster will be responsible for documenting the details of the accident. After analyzing the facts provided, the adjuster ...
AOL MyLifeProtected makes it easier for you to navigate the insurance buying process and understand the market-leading insurance plans that best meet your insurance needs. Go to the AOL MyLifeProtected webpage to get started. After answering a few questions about yourself and the type(s) of insurance you’re interested in, AOL MyLifeProtected ...
In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. 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 ...
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