Mercury Requests Additional Auto Rate Hike

According to the Los Angeles Times, Mercury General Corporation has made filings with the California Department of Insurance requesting an additional 4.9 percent to 6.9 percent increase in auto rates, depending on the type of coverage.

The request, which was recently made public, follows the regulatory approval for a 6.9 percent increase that Mercury received one month ago. The LA Times noted that regulatory hearings are not required for rate changes of less than 7 percent.