Mercury Insurance

MERCURY INSURANCE CASE AGAINST CA INSURANCE COMMISSIONER GOES TO U.S. SUPREME COURT

 

Source: California Insurance Commissioner

October 23, 2017 (Washington D.C.) -- Mercury Insurance Company and a coalition of insurance industry groups filed a petition against Insurance Commissioner Dave Jones in the U.S. Supreme Court on Tuesday, again challenging his authority to protect California consumers from excessive and unfair insurance rates.


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READER’S EDITORIAL: YES ON PROP 17: BENEFITS SOLDIERS & VETERANS

 

By Bob Kipper, Vietnam War veteran and owner, KIAC Insurance Agency, San Marcos

 

Editor’s note: Last week we ran an article titled “Prop 17 would hurt veterans and consumers, experts warn.”  The Yes on Prop 17 campaign has responded by submitting the editorial below.


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PROP 17 WOULD HURT VETERANS & CONSUMERS, EXPERTS WARN


INSURANCE-BACKED INITIATIVE DECEIVES CONSUMERS, SAY PUBLIC INTEREST GROUPS 

By Miriam Raftery

May 28, 2010 (San Diego) – Mercury Insurance is the sole sponsor of Proposition 17, though it hides its identity behind the deceptively name Campaign for Consumer Rights. Mercury wants to repeal portions of a law that prohibit it from charging higher rates to consumers who dropped insurance coverage for 90 days, missed a single payment, or were not previously insured (even if a teen had a perfect record driving a paren'ts car).

 

Yesterday, Assembly Veterans Affairs Committee Chair Mary Salas held a press conference with Votevets.org chairman Jon Soltz to warn that Prop 17 unfairly penalizes veterans who drop coverage while serving overseas or in the U.S. “Soldiers and veterans would be required to pay up to $1,000 more a year for auto insurance when they sought to restart coverage,” Salas cautions.


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CONSUMER ADVOCATES CHARGE INSURANCE-BACKED PROPOSITION 17 IS DECEPTIVE

 

April 8, 2010 (San Diego’s East County) – Consumer advocates and major newspapers across the state are warning voters about deceptive arguments for a ballot measure, Proposition 17, backed by an insurance company. Mercury Corp. paid roughly $2.2 million for a professional signature gathering service to qualify the measure for the ballot and was responsible for 98% of funding for the “Yes on 17” campaign.

The Los Angeles Times observes that the initiative “would legalize practices Mercury has been fined for.” State regulators fined the insurer for violating Proposition 103, California’s landmark consumer protection law, by inappropriately cancelling policies and limiting access to preferable policies and rates.


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