Mercury Insurance Co. News

New Mercury Insurance Programs Target California Homeowners’ Wildfire Risk

Mercury Insurance has launched two new programs designed to help Californians better protect their homes and families if they live in areas prone to wildfires. Homeowners who take one or more steps to either harden their homes against wildfires or …

Mercury Paying $41M in Decades-Long Court Battle With California Insurance Department

Mercury Insurance Co. has agreed to pay more than $41 million to end a two-decade long battle with the California Department of Insurance battle over the Los Angeles-based carrier improperly tacking fees onto auto insurance policies and over false advertising …

Court Upholds California Department of Insurance $27.5 M Fine Against Mercury

A California Court of Appeal upheld a $27.5 million fine the California Department of Insurance issued against Mercury Insurance Co. for charging illegal fees that should have been disclosed as premiums, a violation of Proposition 103. The fine is reportedly …

U.S. Supreme Rules Against Insurer’s Appeal Challenging Profits in Rate Setting

The U.S. Supreme Court on Tuesday declined to hear Mercury Insurance Co.’s appeal to overturn a February 2017 California Court of Appeal ruling that held Insurance Commissioner Dave Jones’ 2013 order requiring the insurer to reduce its homeowner insurance rates …

California Court Says Commissioner Can Prohibit Pass Thru of Advertising Costs

A California Court of Appeal had decided in favor of California Insurance Commissioner Dave Jones in a case against Mercury Insurance Co. and a coalition of insurance industry groups, which sued Jones to challenge his authority regarding “institutional” or “brand” …

Mercury Agrees to $1M Settlement With California Department of Insurance

California Insurance Commissioner Dave Jones announced a $1 million settlement with Mercury Insurance Co., Mercury Casualty Co. and California Automobile Insurance Co. over findings that Mercury violated California laws on rating and underwriting practices. The settlement stems from a market …

Mercury Insurance Cutting Auto Insurance Rates in Illinois

Mercury Insurance Co. announced that its auto insurance rates for Illinois drivers are being reduced an average of 13.9 percent. The reduction immediately applies to new customers and policy renewals beginning April 7, and will save Mercury policyholders an average …

Court of Appeal Upholds California Commissioner’s Authority in Mercury Suit

The California Court of Appeal upheld a Los Angeles Superior Court ruling on Thursday by dismissing Mercury Insurance Co.’s lawsuit challenging Insurance Commissioner Dave Jones’ authority to decrease the insurer’s homeowners rates. Jones in March issued a decision providing for …

Auto Insurance Discount Initiative May be Gaining Bipartisan Endorsement

The backers of an automobile insurance persistency initiative are making steps to gain bi-partisan support for their proposition, which is slated for California’s Nov. 6 ballot and a possible showdown with what would be a competing initiative. Just days after …