This is the dirty little secret in the auto insurance industry these days that some agents use to keep their loss ratios with certain companies to a minimum.
In California I work for a large Mercury Insurance agency and it is common practice among some Mercury agents who wish to keep their annual bonus and commisions at a higher level to illegaly discriminate against underwiting new auto insurance policies for older individuals. A bit ironic, when you consider the majority stockholder of Mercury is an individual over the age of 80.
In the agency I work for, which will remain nameless for now, our owners will not insure anyone with Mercury over age 70, even if they have been clean drivers with years of driving experience, are homeowners, etc., etc., etc.
According to Propostion 103, this is totally ILLEGAL. Not only is our agency breaking the most set in stone insurance laws, they are in great jeopardy of alientating our entire work force and risking a major lawsuit by their own employees, let alone the fines and negative reputation which will follow. Very, very, sad.
Are there any Mercury agencies out their in California that would be interested in hiring a hard working and ethical agent?
It amazes all of us at our agency that our owners could be so STUPID, gambling on the Department of Insurance, they will never find out.
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This is the dirty little secret in the auto insurance industry these days that some agents use to keep their loss ratios with certain companies to a minimum.
In California I work for a large Mercury Insurance agency and it is common practice among some Mercury agents who wish to keep their annual bonus and commisions at a higher level to illegaly discriminate against underwiting new auto insurance policies for older individuals. A bit ironic, when you consider the majority stockholder of Mercury is an individual over the age of 80.
In the agency I work for, which will remain nameless for now, our owners will not insure anyone with Mercury over age 70, even if they have been clean drivers with years of driving experience, are homeowners, etc., etc., etc.
According to Propostion 103, this is totally ILLEGAL. Not only is our agency breaking the most set in stone insurance laws, they are in great jeopardy of alientating our entire work force and risking a major lawsuit by their own employees, let alone the fines and negative reputation which will follow. Very, very, sad.
Are there any Mercury agencies out their in California that would be interested in hiring a hard working and ethical agent?
It amazes all of us at our agency that our owners could be so STUPID, gambling on the Department of Insurance, they will never find out.