LOS ANGELES, Dec. 17 -- Mercury Insurance (NYSE: MCY), a major California automobile insurer with operations in a number of other states, reported today that an arrangement to reinsure business produced by Concord Insurance Services, Inc. (Concord), a Texas insurance agency, has been completed. Concord produces approximately $20 million per year of non-standard auto business in the state of Texas. The Company plans to expand the agency's product line. The Private Securities Litigation...

LOS ANGELES, Jan. 5 -- Mercury General Corporation (NYSE: MCY), a major California automobile insurer with operations in a number of other states, reported today that Cooper Blanton, Executive Vice President, was appointed Chairman of the Board of the American Mercury Insurance Group (AMI). The financial results of AMI, which was purchased for cash in December 1996, have not met Company expectations. The appointment of Cooper Blanton as the top executive will provide AMI with the direction n...

LOS ANGELES, Aug. 10 -- Mercury Insurance (NYSE: MCY), a major California automobile insurer with operations in a number of other states, announced today that its Board of Directors, at the regular quarterly meeting on August 7, 1998, authorized the repurchase over a one year period of up to $200 million of Mercury General's Common Stock. Such purchases may commence immediately and would be made from time to time in the open market at the discretion of management. Based on the approximate $4...

Statewide Reductions of 20% in Uninsured Motorist Coverage and 15% in Bodily Injury Liability Directly Related to Loss Savings from Passage of Proposition 213 LOS ANGELES, March 9 -- The Mercury Insurance Group, now California's sixth largest automobile insurer and one of the fastest growing in the nation, announced today that its recent filing reducing rates for auto insurance has been approved by the California Department of Insurance. George Joseph, CEO, said that the Department's appr...

LOS ANGELES, Feb. 7 -- Mercury Insurance (NYSE: MCY), a major California automobile insurer with operations in several other states, announced that its Board of Directors, on February 7, 1997, declared a first quarter dividend of $.29, an annual rate of $1.16, a 20.8% increase over the rate paid in 1996. The increased dividend will be paid on March 31, 1997 to shareholders of record on March 17, 1997. Mercury Insurance's dividend has been increased at least once each year since the Company we...

LOS ANGELES, Nov. 21 -- Mercury Insurance Corporation (NYSE: MCY), a major writer of automobile insurance in California, with operations also in Georgia and Illinois, announced today that it has signed a definitive agreement to purchase for cash the American Fidelity Insurance Company (AFI), an independent agency insurer headquartered in Oklahoma City, Oklahoma. AFI and its wholly-owned subsidiaries write automobile and other lines of casualty insurance principally in Oklahoma, Texas and Kansas....