Mercury Insurance ordered to pay $27.5 million in fines

Mercury Insurance - Lawsuit - Gaval

A California appeals court has ruled in favor of reinstating the penalties against the insurer. In California, a state appeals court has reinstated a fine of $27.5 million in penalties against Mercury Insurance Co. The ruling from earlier this week was the outcome of a case accusing the insurer of charging illegal broker fees. The auto insurance company charged illegal broker fees in 180,000 transactions with its customers. The fees were charged to customers from 1999 through 2004. The fines against Mercury Insurance were originally imposed by the California Department…

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Financial Independence Group Partners with Thrivent Independent to Launch Life Insurance & Annuity Products

Cornelius, NC, May 09, 2019 –(– Today Financial Independence Group, LLC (FIG) and Thrivent Independent, a division of Thrivent Financial, announced a strategic partnership to connect one of the leading field or insurance marketing organizations with a mission-driven, membership-owned financial services organization to offer Thrivent’s term life insurance and multi-year guarantee annuity. Both companies are committed to helping families prepare for the future, and this is an important step continuing in that direction. Thrivent’s exceptional annuity and life insurance products provide FIG advisors with the ability to serve their clients…

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The Plexus Groupe Hires David Kenyon as Vice President, Client Executive

Deer Park, IL, May 09, 2019 –(– The Plexus Groupe, an innovative, client-focused insurance brokerage and risk management consulting firm, recently hired David Kenyon as Vice President, Client Executive in the company’s Property & Casualty Practice, serving risk management clientele. Kenyon brings a wealth of knowledge and experience to the company, said Mike Mann, Executive Vice President of the Property & Casualty Practice at The Plexus Groupe. “David's extensive industry experience and unique skill set expands The Plexus Groupe’s scope of offerings our clients find beneficial in achieving their stated…

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