Latest Mercury Insurance Headlines
All the headlines from our Mercury Insurance Topic Page, ordered by recency.
Best Affirms Mercury General and Operating Subs Ratings; Outlook Stable
Nov 2 2011 // 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...
Mercury Insurance Partners With Dodgers for Fifth Year
May 3 2011 // When it comes to reaching potential customers, Mercury Insurance is confident the Dodgers will help them score more business. That’s why the Los Angeles-based company, which specializes in personal auto and...
Mercury Insurance to Announce Q1 Earnings on May 2
Apr 25 2011 // Los Angeles-based Mercury General Corp. will be hosting a Webcast at 1 p.m. EST on May 2, 2011, to announce its first quarter financial results. To listen to the report, visit www.mercuryinsurance.com. A recording of the...
Mercury Insurance Suffers $23.6M Net Loss
Feb 8 2011 // Due in part to claims from California rainstorms and Florida sinkholes, Los Angeles-based Mercury Insurance reported a fourth quarter net loss of $23.6 million, compared with net income of $34.2 million for the same period...
Mercury Insurance Cuts Calif. Auto Rates About 10%
Dec 9 2010 // Mercury Insurance announced a $72-million rate reduction for California drivers that includes a rate decrease that could reach up to 10% or more, a new group affiliation discount for university alumni, and the inclusion of...
Business Moves
Jun 7 2010 // Fairfax, Zenith National Insurance Toronto-based Fairfax Financial Holdings Ltd. and California-based Zenith National Insurance Corp. announced that Fairfax has received approval from the California Department of Insurance...
Mercury Insurance Reports Q1 Net Income of $61.2 Million
May 3 2010 // Los Angeles-based Mercury General Corp. has reported net income in the first quarter of 2010 of $61.2 Million, $35.5 million less than the $96.7 million net income reported for the same quarter in 2009. Operating income...
Mercury Insurance May Have Illegally Overcharged Consumers, Regulator Says
Apr 19 2010 // A California Department of Insurance examination has found that Mercury Insurance violated the state insurance statutes and as a result, the company may have illegally overcharged thousands of Californians for auto and...
Mercury Insurance May Have Illegally Overcharged Consumers, Regulator Says
Apr 12 2010 // A California Department of Insurance examination has found that Mercury Insurance violated the state insurance statutes and as a result, Mercury Insurance may have illegally overcharged thousands of Californians for auto...
Mercury Insurance Sees 3.5% Decrease in Q4 Net Premium
Feb 8 2010 // Mercury General Corp. reported that net income for the fourth quarter of 2009 was $34.2 million compared with net loss of $168.3 million for the same period in 2008. For the year, net income for the Los Angeles-based...
Mercury Insurance Billboard Sparks Controversy
Sep 16 2009 // The controversy over the Los Angeles billboard telling the public “You Can’t Trust Mercury Insurance” could soon become a lawsuit. Attorneys for Consumer Watchdog, the group that put up the message, have...
Mercury Insurance Named One of America’s Most Trustworthy Companies
Apr 14 2009 // Los Angeles-based Mercury Insurance has been named as one of America’s 100 Most Trustworthy Companies in an annual survey commissioned by Forbes.com. Mercury is only one of 10 companies to appear on the list three...
Mercury Insurance Chairman: Independent Agents Will Always Have Future
Feb 22 2009 // Despite the seemingly difficult times independent insurance agents may be facing today, they will always have a future, according to George Joseph, chairman and founder of Mercury Insurance, considered one of the most...
Mercury Insurance Reports Q4 Loss of $168.3 Million
Feb 9 2009 // Los Angeles-based Mercury General Corp. reported a net loss in the fourth quarter 2008 of $168.3 million, compared with net income of $44.6 million for the same period in 2007. For the year, net loss was $242.1 million,...
Mercury Insurance Chairman: Independent Agents Will Always Have Future
Feb 5 2009 // Despite the seemingly difficult times independent insurance agents may be facing today, they will always have a future, according to George Joseph, chairman and founder of Mercury Insurance, considered one of the most...
Mercury Insurance To Pay $250,000 in California Claims Handling Settlement
Jun 26 2008 // California Insurance Commissioner Steve Poizner announced that Mercury Insurance Group will pay a $250,000 settlement for alleged claims handling violations. “I’m pleased that Mercury has agreed to this...
Consumer group blocks settlement against Mercury Insurance
Jun 4 2007 // A proposed settlement of a class action lawsuit against an insurance company for tens of millions of dollars in illegal overcharges was rejected by the Los Angeles Superior Court, in part because it would have allowed the...
Consumer group blocks settlement against Mercury Insurance
Jun 4 2007 // A proposed settlement of a class action lawsuit against an insurance company for tens of millions of dollars in illegal overcharges was rejected by the Los Angeles Superior Court, in part because it would have allowed the...
Consumer Group Blocks Settlement Against Mercury Insurance
May 18 2007 // A proposed settlement of a class action lawsuit against an insurance company for tens of millions of dollars in illegal overcharges was rejected by the Los Angeles Superior Court, in part because it would have allowed the...
Mercury Insurance Premier Sponsor of Community Service Event
Apr 20 2007 // Los Angeles-based Mercury Insurance has committed to become a Premier Sponsor of Big Sunday ’07, dubbed the largest community service event in America. Big Sunday ’07 will be staged April 28 and 29, 2007,...
