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.
Topics Auto Pricing Trends
Was this article valuable?
Here are more articles you may enjoy.
Remember the Fall of Patriot National? Trial in Suit vs. Mariano’s Lawyers to Begin 
Allianz Unit to Cut as Many as 1,800 Jobs in Push to Adopt AI 
Florida Property Tax Cut Plan Relies on Population Boom That Has Slowed Dramatically 
Ryanair Passenger Partly Sucked From Jet After Window Breaks 
