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Mercury Insurance

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
6/13/2014
Posted by Pam Pressley
Santa Monica, CA - A sweeping legal assault by Mercury Insurance and various insurance company lobbying groups on rate review regulations that have saved California consumers over $100 billion since the passage of Proposition 103 in 1988 was rejected by the Sacramento Superior Court in a decision filed on June 11th. The court decision upholds a...
News Story
6/17/2013
Posted by Mark Reback
As part of what advocates call the “next step” of the Affordable Care Act, California voters will consider an initiative next year that will empower regulators and consumer advocates to challenge health insurance premium rate hikes. Though healthcare reform, better known these days as Obamacare, gives the government the ability to...
News Story
5/9/2013
Posted by Mark Reback
Huge insurer Mercury Insurance Group has lost part of its ongoing legal challenge over homeowners insurance rates. Sacramento Superior Court rejected Mercury's petition to delay implementing a rate decrease ordered by state regulators. As a result, about 270,000 Californians who insure their homes through Mercury will save more than $16.5...
News Release
5/8/2013
Posted by Doug Heller
Santa Monica, CA – Mercury Casualty Company must implement an 8% rate decrease to its homeowners insurance rates as required by California Insurance Commissioner Dave Jones, according to a ruling issued by Sacramento Superior Court Judge Eugene L. Balonon on Tuesday, denying Mercury’s request to delay the decrease from taking effect....