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Mercury Insurance

News Release
4/29/2013
Posted by Mark Reback
Santa Monica, CA -- Mercury Insurance Company’s latest attempt to escape responsibility for overcharging tens of thousands of California motorists has been rejected by the courts. Facing hundreds of millions of dollars in fines in an administrative proceeding now being prosecuted by the California Department of Insurance, Mercury had asked...
Legal Update
3/25/2013
Posted by Pam Pressley
Our Legal Team had a busy week last week, with two big auto insurance rate victories and significant steps forward in our legal cases against insurance company abuses.  Here are some highlights of our accomplishments just this past week: 1) Slashed Farmers' requested auto rate increase in half from 6.9% to 3.5%   2) Lowered So...
News Story
3/6/2013
Posted by Mark Reback
The California insurance commissioner Tuesday said he would defend in court his decision to require Mercury Insurance Co., to reduce its homeowners-insurance rates in the state effective in June. The suit is the latest in a string of enforcement actions, voter initiatives, and court challenges pitting Mercury General and its chairman, George...
News Release
3/5/2013
Posted by Carmen Balber
Santa Monica, CA – Mercury Insurance, which provides homeowners insurance for about 270,000 Californians, has refused to implement an 8% rate decrease ordered by California Insurance Commissioner Dave Jones and filed a lawsuit to challenge the decision.  Last month, Jones approved a decision by state Administrative Law Judge Kristin L....
News Story
3/5/2013
Posted by Mark Reback
Mercury, which had sought a 7.3% increase, responds by filing a lawsuit seeking to block Insurance Commissioner Dave Jones' ruling. SACRAMENTO — State regulators have ordered Mercury General Corp. to cut its homeowners insurance rates by 8.2%, instead of the increase in premiums that the company had sought. As a result, the Los Angeles...
Legal Update
1/29/2013
Posted by Laura Antonini
Mercury Insurance – the company that California regulators say “has a deserved reputation for abusing its customers and intentionally violating the law with arrogance and indifference” – is infamous for playing every angle in its effort to avoid accountability for cheating its customers. Mercury has spent tens of millions...
Blog Post
11/8/2012
Posted by Jamie Court
Insurance companies learned a lesson election night in California:  Don’t try to fool the voters or you’ll be the one looking foolish. Thanks to your help voters saw through one insurance billionaire’s deceptive campaign and rejected Prop 33 with 55% opposed. Mercury Insurance Chairman George Joseph spent $17.5 million and...
News Story
11/8/2012
Posted by Mark Reback
What do Thomas Steyer and Chris Kelly know that fellow California high-rollers George Joseph, Molly Munger, her brother Charles T. Munger Jr. and Nicolas Berggruen don't? All six multimillionaires bankrolled a ballot proposition in this year's election. But voters approved the ones backed by Steyer, a financier in San Francisco, and Kelly...
News Story
11/7/2012
Posted by Mark Reback
SACRAMENTO — A Los Angeles insurance executive's drive to boost his company's fortunes by seeking authority to offer a new auto coverage discount got trounced by voters. Proposition 33, bankrolled by Mercury General Corp. Chairman George Joseph, lost with 45.4% of the vote to opposition of 54.6% with all California precincts...
News Story
11/7/2012
Posted by Mark Reback
LOS ANGELES, CA -- For the second time in three years, voters have rejected a ballot initiative that would have let auto insurers charge drivers based on their history of maintaining coverage. Proposition 33 failed Tuesday with about 55 percent voting against. It was the second attempt by billionaire insurance executive George Joseph to let...