Vehicle pricing was a major concern during the inflationary environment that dominated headlines in 2022, however a new report shows sales of electric vehicles in California rose by more than 50% last year from 2021 with an estimated increase in …
California Insurance Commissioner Ricardo Lara announced a legal action on Monday against Mercury Insurance for reportedly violating consumer protection laws, including selling Mercury’s highest-priced policy to “good drivers” instead of the lowest-priced policy for which good drivers qualify. Lara’s action …
The way Valen Analytics President and CEO Dax Craig describes it, Google’s move into insurance with Google Compare for auto insurance is an “all-aboard, wake-up-and-smell-the-coffee” call to the insurance industry. His words were simpler: “Game changer.” The complexity of what …
California Insurance Commissioner Dave Jones ordered Mercury Insurance to pay a fine of $27.5 million because Mercury auto insurance consumers were allegedly charged unapproved broker fees. Mercury did not obtain Jones’ approval for the fees and so consumers paid more …
Mercury Financial Group has added Gail Yantis, vice president, life specialist in its greater Austin/San Antonio, Texas, service area. Joining Yantis will be Ricci Nelson who will serve as marketing specialist. Yantis and Nelson join Mercury after a successful tenure …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of L.A.–based Mercury Casualty Group and its members. Best also affirmed the FSR of ‘A-‘ (Excellent) and ICRs of “a-” …
U.S. safety regulators have upgraded an investigation into consumer complaints that 2010 model year Ford Fusion and Mercury Milan cars may suffer from wheel stud fractures that could cause a wheel to come off. The preliminary investigation of 317,315 Ford …
