Mercury Insurance News

Business News: LexisNexis, Mercury, Clearcover and Snapsheet, Tower and myMatrixx

LexisNexis Gives Thumbs Up to Water Leak Detectors A study by analytics provider LexisNexis Risk Solutions found that in-line water shutoff systems correlate with a decrease in water claims by 96 percent, confirming the value of smart home technology to …

Animal House: Squirrel Wrecks Home, Insurance Won’t Fix it

ATLANTA — An Atlanta couple said they came home from a winter vacation to find their house had been ransacked by an unusual suspect: a squirrel. Kari and Dustin Drees bought their first home last month in Atlanta’s affluent Buckhead …

Calif. Appellate Court Affirms $1 Million Bad Faith Judgment Against Geico

GEICO General Insurance Co. refused an offer to settle Michael Mazik’s underinsured motorist claim for $50,000. Instead, the claim will cost the insurer more than $1.3 million. On Friday, a panel of the California 2nd District Court of Appeal affirmed …

Mercury Insurance SIU Celebrates 40 Years of Crime Fighting

Mercury Insurance’s Special Investigations Unit (SIU), founded in 1978, is the company’s secret weapon against fraudulent insurance claims, which cost the average U.S. family $700 per year in increased premiums. The goal of the unit, which consists of 40 seasoned …

ALE Fraud on the Rise

California insurers handling first party property claims are seeing an increase in additional living expense (ALE) fraud, according to Pete Galassi, director at Mercury Insurance. Claims Journal spoke with Galassi during the Combined Claims Conference, held recently in Orange County, …

Mercury Names Safest, Most Affordable Cars for Teens to Insure

The National Highway Traffic Safety Administration’s (NHTSA) 5-Star Safety Ratings Program provides consumers with information about the crash protection and rollover safety of new vehicles, with more stars equaling safer cars. Mercury Insurance recently analyzed vehicles that received five stars …

Mercury Insurance Investigates Questionable Ferrari Loss

Shannon Navejas, special investigator 2 with Mercury Insurance, shares how a claim for a 2000 collector edition Ferrari valued at $188,000 went up in smoke as a result of a thorough investigation which included the use of background checks, a …

Mercury Names Its 10 Most Affordable Vehicles To Insure in California

A California auto insurer has just compiled a list of the least expensive cars to insure in the state. Mercury Insurance, a company that has provided auto insurance to California drivers since 1962, had its research and development team examine …

Destructive Wildfire Season a Reminder California is Epicenter for Fire Activity

The Valley Fire, which raged through Northern California over the weekend, spread quickly—from 50 to 50,000 acres within a 24-hour period— destroying hundreds of homes and businesses. According to catastrophe modeling firm AIR Worldwide, the fire which started in the …

Mercury Insurance Faces $27.6M Fine for Wrongful Fees in California

California’s insurance commissioner is ordering Mercury Insurance to pay a $27.6 million fine for charging wrongful fees to its auto customers. In announcing the largest fine against a California auto insurance company, Commissioner Dave Jones said Monday that Mercury charged …