California’s $27.6M Fine Against Mercury Insurance Remains After Court Action

August 16, 2019

  • August 16, 2019 at 2:56 pm
    Broker says:
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    Shouldn’t the $27M be returned to the overcharged policy holders?

    • August 16, 2019 at 4:27 pm
      Hector Projector says:
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      Agent, do you have a response for Broker?

    • August 16, 2019 at 7:13 pm
      Boson says:
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      AIS already returned overcharges to policyholders.

    • August 18, 2019 at 2:01 am
      Username77 says:
      Well-loved. Like or Dislike:
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      ABSOLUTELY. The $27.6 million should be returned to the overcharged policy holders. I’m one of them. I just e-mailed the CA Dept of Insurance at fraud@insurance.ca.gov and cdipress@insurance.ca.gov telling them so.

      • August 19, 2019 at 7:25 pm
        Hector Projector says:
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        A Russian bot is a Mercury policyholder?

  • August 19, 2019 at 12:04 pm
    Agency says:
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    Agreed it should be returned. The disgusting smiles who run our state have no shame, they will use any situation to milk the people.

  • August 19, 2019 at 12:48 pm
    Whateverdude says:
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    Bosun is correct. AIS was sued separately and returned all the fees to the affected policyholders. That was after the same lawyers sued Mercury on the same facts and the court issued an injunction but refused to award restitution because Mercury didn’t actually charge or receive any of the fees. So this was the third case on the same issue.

  • August 19, 2019 at 8:34 pm
    County Line says:
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    MIC knew full well what AIS was up to, making MIC complicit and therefore accountable. After all, it takes a willfully-blind eye on the part of the carrier to see why AIS pushed MIC as 90% of their production. My only problem with the fine–The $27MM is going to “The State”. Clearly, this is a punitive judgement, so why is it NOT going to those directly damaged by AIS & Mercury? Answer: The dollars are never enough for “Big Guv”.



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