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Proposition 103

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...
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...