Mercury Insurance News

Insuring your classic car is definitely a good idea and, fortunately for the hobby, there is special collector car insurance that is much cheaper than the normal insurance on your everyday car. The rates are cheaper simply because the insurance company recognizes that most of these cars are not going to be driven much and even when they are it will not be in adverse conditions. Insurance companies also recognize the pampering that most of these cars receive and that the drivers are extremely c...

The Progressive Corporation plans to release the Company's April 2010 results on Tuesday, May 18, 2010, after the market closes, rather than on Wednesday, May 19, 2010, as previously announced, due to a scheduling conflict. About Progressive The Progressive Group of Insurance Companies, in business since 1937, is one of the country's largest auto insurance groups, the largest seller of motorcycle policies, and a market leader in commercial auto insurance based on premiums written. Progress...

Fitch Ratings has downgraded its ratings on Mercury General Corporation (NYSE: MCY), one notch as follows: --Issuer Default Rating (IDR) to 'A' from 'A+'; --Senior unsecured notes to 'A-' from 'A'; --Senior secured bank debt to 'A' from 'A+'; --Insurer Financial Strength (IFS) on insurance company subsidiaries to 'A+' from 'AA-'. The Rating Outlook is Stable. At the former rating levels, the Outlook was Negative. See the full list of rating actions below. The downgrade...

By The Joplin Globe, Mo. Feb. 11--Sometimes it takes only one voice to start a chorus. The voice in today's editorial belongs to Tamara Beinlich. Beinlich, 52, of rural Joplin, refused to silently play the victim when her vehicle was hit by an uninsured driver from Oklahoma. A loophole in Missouri law allowed him to drive away with only a traffic citation for running a light. Meanwhile, Beinlich's only source of transportation and her pride and joy, a 1994 Blazer, was towed away. Her sto...

Research and Markets (http://www.researchandmarkets.com/research/9719f7/brazil_insurance_r) has announced the addition of the "Brazil Insurance Report Q1 2010" report to their offering. Brazil Insurance Report provides industry professionals and strategists, corporate analysts, insurance associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Brazil's insurance industry. This report differs from its predecessors in severa...

SANTA MONICA, Calif., Jan. 20 /PRNewswire-USNewswire/ -- Motorists pay surcharges of 73% or more for auto insurance in states where Mercury Insurance is allowed to penalize people for not having prior insurance coverage, according to Mercury's own web site.The Campaign for Consumer Rights released a video at http://stopthesurcharge.org/ that shows how a deceptive 2010 ballot initiative sponsored by Mercury Insurance would legalize such surcharges in California, despite claims by Mercury that its...

SOUTHFIELD, Mich., April 30 /PRNewswire-FirstCall/ -- First Mercury Financial Corporation ("First Mercury" or the "Company") today announced results for the first quarter ended March 31, 2008. Highlights for the quarter include:-- Premiums produced growth of 26.5 percent-- Annualized return on average stockholders equity of 16.6 percent-- Combined ratio of 75.0 percent-- Operating net income of $10.0 million-- Net investment income growth of 47.3 percent-- Diluted operating net income per share...

Fitch Ratings has affirmed its 'A' long-term issuer rating on Mercury General Corporation (Mercury) and its 'A' rating on Mercury's senior unsecured notes due 2011. Fitch has also affirmed its insurer financial strength (IFS) ratings on Mercury's subsidiaries. The Rating Outlook is Stable. Ratings are listed below. Mercury's ratings reflect its consistently good underwriting results, very strong capitalization, and strong competitive position and significant market share in California. Part...