Tag: Mercury Insurance

Mercury Insurance invests more money in Prop 33

S.Vagus
California auto insurance

Mercury Insurance executive donates more funds to controversial legislative initiative Mercury Insurance executive George Joseph has donated more money to a legislative initiative in California, the fate of which will be determined in November this year. The initiative is known as Proposition 33 and aims to provide more rate increase freedoms to the state’s auto insurance companies. Mercury Insurance has been one of the strongest advocates of the initiative, which has earned the company a fair amount of criticism for wanted to raise rates in an unjustified manner. Prop 33…

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Auto insurance customers with coverage gaps may face higher rates

H. Cutner
auto Insurance bill

Battle over automobile coverage law in California rages on for two decades. The auto insurance war that regarding the laws in California are now entering their second decade between George Joseph, the billionaire Mercury General Corp. executive, and Harvey Rosenfield, the consumer advocate. The latest battle in the war will occur in November, when the two will face off over a ballot initiative. The initiative could bring the auto insurance law in California back to the way that it was before a provision was implemented in 1988. This would allow…

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Florida, Michigan, and California attempt to shrink auto insurance rates

Julie Campbell

Motorists in Florida, Michigan, and California are hopeful that the attempts being made by their states will be successful in lowering the rates that they pay for their auto insurance coverage. Both Florida and Michigan have no-fault-based auto insurance systems, and these two states have been vigilantly examining their programs throughout their current legislative sessions. Florida has especially been in the spotlight, as it attempts to tackle a car insurance fraud problem that is spiraling out of control. California insurance, on the other hand, is examining its own system based…

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Mercury Insurance unveils new product for commercial auto coverage alongside new point of sale system for agents

Nordstrom

Mercury Insurance chosen the 2012 Virtual Insurance Marketplace event as the venue for the introduction of their new commercial auto product that is set to be released across the country in the states in which the insurer is currently writing. This new product uses cutting edge technology to simplify the process for agents to qualify, rate, and issue new business, in addition to building on the insurance company’s capabilities for online service. The commercial auto product provides policyholders with standard ISO coverage at rates that are competitive within the marketplace.…

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Discount initiative for car insurance moves onward to November ballot

H. Cutner

When voters in California head to the ballot in November, they will also face the issue of a discount initiative for auto insurance, called the 2012 Automobile Insurance Discount Act, which was over 99 percent funded by the chairman of Mercury Insurance. The initial sponsorship for the proposal was from the American Agents Alliance, a trade group. This initiative would allow motorists who change their insurers to obtain a discount if they have already had insurance on their vehicles. The proposal had received nearly 505,000 signatures (a random sample of…

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