Mercury is owned by its shareholders, as it is a publicly traded company. The biggest shareholders are The Vanguard Group, BlackRock, and Renaissance Technologies which have a combined ownership stake of almost 10%, according to public records, as of Q1 2020. Mercury was founded in 1961.
Is Mercury a reputable company?
The independent rating agency, AM Best Rating Services, gave Mercury a Superior A+ rating for its financial strength Mercury has total assets of around $4.5 billion as of this writing. It employs more than 7,000 independent agents across 11 states.
Is california automobile insurance company part of Mercury?
California Automobile Insurance Company is an insurance company based in Los Angeles, California. Established in 1975, it is a subsidiary of Mercury General The company primarily provides automobile insurance, fire, indemnity, corporate, property and casualty insurance services.
What states have mercury insurance?
Mercury sells a variety of insurance products through a network of local, independent agents in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas and Virginia , as well as online through the company’s website (www.mercuryinsurance.com).
What is the rating for Mercury Insurance company?
Mercury Insurance is an average insurance company, earning a 2.8/5 rating from WalletHub and solid ratings from organizations like J.D. Power and the Better Business Bureau (BBB).
Is Mercury good at paying claims?
Mercury received an A (Excellent) rating for financial strength from AM Best However, the company received higher than average complaints, according to the NAIC index, and scored below the industry average in the J.D. Power U.S. Auto Claims Satisfaction Study in 2020, the most recent year that Mercury was ranked.
Is AIS and Mercury the same?
The scheme created a major incentive for auto insurance specialists (AIS), Mercury’s largest independent agent , to place virtually all of its policies with Mercury to the exclusion of other insurers, and resulted in different Mercury customers paying different amounts for the same policy, depending on what the agent.
When did Mercury buy AIS?
Mercury General Corporation Announces Agreement to Acquire Auto Insurance Specialists – Oct 15, 2008 | Mercury Insurance.
Is Mercury Insurance a broker?
About Us. Mercury Insurance was founded in 1962 by George Joseph. Today, it is a multi-line insurance company offering predominantly personal automobile and homeowners insurance through a network of independent agents and brokers.
How much do insurance agents make?
The average salary for a insurance agent is R 7 827 per month in Johannesburg, Gauteng.
What is in the Mercury?
The atmosphere of Mercury is a “surface-bound exosphere, essentially a vacuum.” It contains 42% oxygen, 29% sodium, 22% hydrogen, 6% helium, 0.5% potassium, with possible trace amounts of argon, carbon dioxide, water, nitrogen, xenon, krypton and neon, according to NASA.
What is California minimum auto insurance?
Here are the minimum liability insurance requirements (per California Insurance Code §11580.1b): $15,000 for injury/death to one person. $30,000 for injury/death to more than one person. $5,000 for damage to property.