The insurer has failed to win a segment of its ongoing legal challenge in California. Mercury Insurance Group, the massive company serving California, has just lost a segment of its ongoing homeowners insurance rate legal challenge that it made against an order from state regulators. The petition to delay the decrease in the insurer’s rates which had been ordered upon them was rejected. The insurer lost their petition for the homeowners insurance rate decrease delay in the Sacramento Superior Court. The result will be that approximately 270,000 residents of California…
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Homeowners insurance battle ensues between California commissioner and Mercury
The insurer’s chairman and founder, George Joseph, is suing to stop the action of state regulators. Regulators in California have ordered a reduction in homeowners insurance rates by Mercury Casualty Co., only to be contested by the insurer, which is refusing to comply with the ruling. The order was to reduce the rates for the property coverage by an average of 8.2 percent. The insurer, based in Los Angeles, is now arguing the order that was made by the state to reduce the rates that it has been charging. The…
Read MoreHomeowners insurance employees trained for catastrophe response
Mercury has had 30 volunteers take the month long course for CERT certification. Mercury Insurance has announced that thirty of its employees have trained over the span of a month in order to receive their CERT certification which will help them with homeowners insurance emergency disaster preparedness. The volunteers were from the Southern California offices of the insurer. The insurer recognizes that the residents of California are at risk of a wide range of different forms of natural disasters, from floods to wildfires, and even earthquakes. The auto and homeowners…
Read MoreMercury Insurance to raise rates in California, agitating consumer advocates
Mercury Insurance is looking to raise rates on homeowners and renters insurance policies in California. The company has plans to raise rates by an average of 8.8% for some 300,000 consumers in the state. If state regulators approve the proposal, the company will be generating an additional $19 million per year in profits. Consumer Watchdog, a non-profit organization concerned with fairness for insurance consumers, claims that the proposal is unreasonable because the insurer is already awash with profit. According to Consumer Watchdog, the company paid less than 50 cents on…
Read MoreMercury experiences growth in homeowner business leading to new hiring
Mercury Insurance has announced that as a result of a significantly increasing customer base, it will be hiring 63 new employees for full-time property claims in its New York, New Jersey, Texas, and California offices. Since the start of 2011, the homeowners business at Mercury has jumped by over 10 percent. According to the human resources director at Mercury, Clarisa Eng, the company is doing their part to put people in the United States back to work. She explained that the new hires will be assisting the company to “provide…
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