The company plans to offer California homeowners an option to buy more affordable insurance coverage in wildfire-distressed ...

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of the members of Mercury Casualty Group. AM Best also has affirmed the FSR of A- and ...

Mercury Insurance, an insurance carrier based in California, recently dropped its 10th annual list of the most affordable ...

The Insurance Commissioner is authorized to impose civil penalties of $5,000 for each single instance that Mercury violated a law, or $10,000 if the violation is found to be willful. (Ins.

LOS ANGELES, May 9, 2024 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) is spearheading a plan to maintain insurance availability and provide coverage for thousands of California consumers.

Tokio Marine America and Mercury Insurance announced Thursday the former’s home policies would transition to the Los Angeles-based firm. As firms continue to pull out of the California market, a ...

The department said Mercury’s actions violate Proposition 103, which mandates a 20% “good driver discount” for consumers who maintain a safe driving record.

As of Tuesday, July 29, Mercury is the only homeowners’ insurance provider in California making its way through the approval process to get new rates approved, according to Jeff Schroeder ...

AM Best also has affirmed the FSR of A- (Excellent) and the Long-Term ICRs of “a-” (Excellent) of the insurance entities within the American Mercury Insurance Group (AMI) (headquartered in ...

Mercury said it will continue to work with the Department of Insurance to resolve any outstanding issues and settle the matter. But if that’s not possible, the company said “it will defend ...