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News Story
1/12/2015
Posted by Mark Reback
Law360, Los Angeles (January 12, 2015, 6:33 PM ET) -- California’s insurance commissioner has ordered Mercury Insurance Co. to pay a fine of $27.5 million for charging customers excessive premiums in violation of a state law regulating insurance rates, the commissioner’s office said Monday. Insurance Commissioner Dave Jones on Jan. 7...
News Story
1/12/2015
Posted by Mark Reback
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 administrative noncompliance...
News Story
1/12/2015
Posted by Mark Reback
State Insurance Commissioner David Jones on Monday ordered Mercury Insurance to pay a $27.5 million fine for charging policyholders unauthorized broker fees. Mercury, part of Los Angeles insurer Mercury General Corp., responded that it intends to challenge the fine in court. It is one of the largest fines ever levied against an auto or home...
News Story
1/12/2015
Posted by Mark Reback
Mercury Insurance has been fined $27.5 million for collecting illegal auto insurance fees from consumers, according to the state's insurance regulator. Between 1999 and 2004, the company's insurance agents charged unapproved fees on more than 180,000 transactions, in violation of the voter-approved Proposition 103, which requires auto...
News Story
1/12/2015
Posted by Mark Reback
State Insurance Commissioner Dave Jones has ordered Mercury Insurance to pay a $27.6 million fine in connection with unapproved “broker fees” charged to California consumers buying auto policies. The California Department of Insurance said Monday that the Los Angeles-based insurer did not obtain the commissioner’s approval for...
News Release
1/9/2015
Posted by Pam Pressley
Sacramento, CA – In a tentative ruling today, the Sacramento Superior Court rejected an insurance industry attack on regulations that limit the amount of advertising costs insurers can pass through to consumers in their premiums. The regulation is part of the landmark Prop 103 insurance reform initiative that has saved California drivers $...
News Release
10/2/2014
Posted by John M. Simpson
SANTA MONICA, CA – Consumer Watchdog today challenged the idea that widespread use of fully autonomous or driverless cars is imminent, and urged the state Insurance Commissioner to focus on immediate consumer concerns of auto safety and privacy. The nonpartisan, nonprofit public interest group also rejected insurance industry arguments that...
News Story
3/29/2014
Posted by Mark Reback
Getting a single traffic ticket on your license could raise your auto insurance premiums, in some cases substantially, according to a study released last week by InsuranceQuotes. This is especially true in California, where your driving-safety record by law must be the most important factor in determining your rate. Even though...
News Story
3/19/2014
Posted by Mark Reback
LOS ANGELES — The cars of the future are heading toward a dealership near you — without a human being at the wheel. To Google Inc. and the other corporations that are investing millions of dollars to develop them, driverless, or autonomous, vehicles are a revolutionary combination of automotive and robotics technology that will yield...
News Story
3/18/2014
Posted by Mark Reback
Foreshadowing a clash between carmakers and a prominent auto insurance company, Sen. Bill Monning on Tuesday unveiled a bill to loosen car manufacturers’ grip on data generated by vehicles. Framed by a computer-equipped car parked on the steps of the state Capitol, the Carmel Democrat said his Senate Bill 994 would allow consumers to see...