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.
FBI Investigating Possible Exposure of Millions of American IDs 
Thomson Reuters Detects Cyber Incident, Says Unauthorized Party Accessed Files 
State Farm Sued by LA County for Delays, Denials to Fire Victims 
Brightline Lands $350 Million Assured Loan in Case of Bankruptcy 
