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News Story
6/19/2017
Posted by Mark Reback
The 1988 Proposition 103 has saved California consumers more than $100 billion in excessive auto insurance premiums since voters passed it by a slim 51-49 percent margin, probably the reason for an unrelenting legal onslaught by the insurance industry. No one has calculated the accompanying savings in prices for homeowners insurance and other...
News Story
3/11/2015
Posted by Mark Reback
Google last week launched an auto insurance rate comparison site in California. Mercury Insurance, MetLife and 21st Century Insurance are among the 14 firms already signed up as partners, and Google promises more will follow. Bolt Solutions last week announced that it too has joined up. "We have a Google Compare agreement with Google,"...
News Release
1/21/2015
Posted by Harvey Rosenfield
Sacramento, CA – The Sacramento Superior Court has rejected an attack by Mercury and other insurance companies on state regulations that prevent insurance companies from making their policyholders pay for non-insurance expenses like political lobbying and sporting event sponsorships. The regulation is part of the landmark Prop 103 insurance...
News Story
1/21/2015
Posted by Mark Reback
The Sacramento Superior Court issued a decision rejecting an insurance industry challenge on the California insurance commissioner’s regulations under Proposition 103 that limit the amount of advertising costs insurers may pass on to consumers through insurance premiums. California Insurance Commissioner Dave Jones called the ruling in...
News Story
1/13/2015
Posted by Mark Reback
SACRAMENTO, Calif. (AP) – California’s insurance commissioner is ordering Mercury Insurance to pay a $27.6 million fine for charging wrongful fees to its auto customers. In announcing the largest fine against a California auto insurance company, Commissioner Dave Jones said Monday that Mercury charged customers the same amount...
News Story
1/13/2015
Posted by Mark Reback
Los Angeles-based Mercury Insurance was ordered by the California Department of Insurance to pay a fine of more than $27.5 millionfor charging customers unapproved "broker fees," state officials said Monday. "While the $27.5 million fine against Mercury is significant, it is commensurate with the amount of money that was unlawfully...
Video
1/12/2015
Posted by Consumer Watchdog Admin
A Sacramento judge has tentatively ruled that Mercury Insurance cannot pass on the costs of institutional advertising, like its golf tournament the Mercury Open, to policyholders. Auto and home insurance ratepayers will saving millions.
News Release
1/12/2015
Posted by Harvey Rosenfield
Santa Monica, CA – Mercury Insurance has been ordered by the California Insurance Commissioner to pay a historic $27.5 million penalty for willfully violating Proposition 103, by charging California consumers illegal auto insurance fees between 1996 and 2006. In February, 2004, the California Department of Insurance (CDI) filed an...
News Story
1/12/2015
Posted by Mark Reback
State regulators have issued a record $27.5-million fine against Mercury Insurance Group for charging customers fees that had not been approved by the Department of Insurance. The order closes a long-running case that involved charges made in 180,000 automobile insurance transactions between 1999 and 2004. A 1988 voter-approved initiative,...
News Story
1/12/2015
Posted by Mark Reback
State regulators on Monday ordered Mercury Insurance to pay a nearly $27.6 million fine for improperly collecting unapproved broker fees from its auto customers. The fine, issued by the Department of Insurance, was the culmination of years of litigation that involved more than 180,000 transactions conducted from 1999 through 2004. “Justice...