MCY

AM Best Affirms Credit Ratings of Mercury General Corporation and Its Subsidiaries

Retrieved on: 
Thursday, February 15, 2024
Banking, Professional Services, Insurance, Finance, Mercury General, FSR, Risk management, AM Best, PPA, MCY, MGC, Mercury, Good, Credit, Environment

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a” (Excellent) for the members of Mercury Casualty Group (Mercury).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a” (Excellent) for the members of Mercury Casualty Group (Mercury).
  • Concurrently, AM Best has affirmed the Long-Term ICR of “bbb” (Good) of the organization’s publicly traded ultimate parent, Mercury General Corporation (MGC) (Los Angeles, CA) [NYSE: MCY].
  • AM Best also has affirmed the Long-Term Issue Credit Rating of “bbb” (Good) of MGC’s $375 million, 4.4% senior unsecured notes, due 2027.
  • The outlook of these Credit Ratings (ratings) is stable.

AM Best Downgrades Issuer Credit Rating of Mercury General Corporation and Its Core Subsidiaries; Upgrades Credit Ratings of Reinsured Subsidiaries

Retrieved on: 
Friday, February 17, 2023
Banking, Professional Services, Insurance, Finance, MCY, Long-term care insurance, Credit, ERM, Mercury, MGC, NYSE, FSR, AM Best, ICR, Mercury General, Good

AM Best has downgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a” (Excellent) from “a+” (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of certain members of Mercury Casualty Group (Mercury).

Key Points: 
  • AM Best has downgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a” (Excellent) from “a+” (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of certain members of Mercury Casualty Group (Mercury).
  • Concurrently, AM Best has downgraded the Long-Term ICR to “bbb” (Good) from “bbb+” (Good) of the organization’s publicly traded ultimate parent, Mercury General Corporation (MGC) (Los Angeles, CA) [NYSE: MCY].
  • AM Best also has downgraded the Long-Term Issue Credit Rating to “bbb” (Good) from “bbb+” (Good) of MGC’s $375 million, 4.4% senior unsecured notes, due 2027.
  • AM Best notes that Mercury has implemented detailed strategic initiatives to restore underwriting profitability, which include rate and non-rate actions.

Mercury Insurance Launches MercuryGO for Illinois Drivers

Retrieved on: 
Wednesday, April 6, 2022
Mercury General, Fatality, Distracted driving, Smartphone, Transport, Parent, Research, Program, Government, CMT, Injury, Artificial intelligence, Technology, Safety, Twitter, Mercury, Illinois Department of Transportation, Crash, Facebook, MCY, Education, MIT, Ridesharing company, Mobile phone, Insurance, Insurance

LOS ANGELES, April 6, 2022 /PRNewswire-PRWeb/ -- Today, Mercury Insurance announced that the company has made its usage-based insurance app, MercuryGO, available to drivers in Illinois to help improve driving skills and traffic safety. The app acts as a virtual driving coach, providing skill scores that give real-time feedback about driving behavior. Mercury auto insurance policyholders who enroll to use the app immediately receive a 5% participation discount and teen drivers will receive up to a 10% discount. Then, when MercuryGO customers renew their policies, they could receive a discount of up to 40% in addition to their participation discount, depending upon their driving score.

Key Points: 
  • LOS ANGELES, April 6, 2022 /PRNewswire-PRWeb/ -- Today, Mercury Insurance announced that the company has made its usage-based insurance app, MercuryGO, available to drivers in Illinois to help improve driving skills and traffic safety.
  • Mercury auto insurance policyholders who enroll to use the app immediately receive a 5% participation discount and teen drivers will receive up to a 10% discount.
  • Licensed teen drivers, 18 years and younger, who are registered for MercuryGO will instantly receive a 10% participation discount on auto insurance.
  • Mercury Insurance (MCY) is a multiple-line insurance organization predominantly offering personal automobile, homeowners and commercial insurance through a network of independent agents in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas and Virginia.

Mercury Insurance Launches MercuryGO for Illinois Drivers

Retrieved on: 
Wednesday, April 6, 2022
Mercury General, Fatality, Distracted driving, Smartphone, Transport, Multimedia, Parent, Research, Program, Government, CMT, Injury, Artificial intelligence, Technology, Safety, Twitter, Mercury, Illinois Department of Transportation, Crash, Facebook, MCY, Education, MIT, Ridesharing company, Mobile phone, Insurance, Insurance

LOS ANGELES, April 6, 2022 /PRNewswire/ -- Today, Mercury Insurance announced that the company has made its usage-based insurance app, MercuryGO, available to drivers in Illinois to help improve driving skills and traffic safety. The app acts as a virtual driving coach, providing skill scores that give real-time feedback about driving behavior. Mercury auto insurance policyholders who enroll to use the app immediately receive a 5% participation discount and teen drivers will receive up to a 10% discount. Then, when MercuryGO customers renew their policies, they could receive a discount of up to 40% in addition to their participation discount, depending upon their driving score.

Key Points: 
  • LOS ANGELES, April 6, 2022 /PRNewswire/ -- Today, Mercury Insurance announced that the company has made its usage-based insurance app, MercuryGO, available to drivers in Illinois to help improve driving skills and traffic safety.
  • Mercury auto insurance policyholders who enroll to use the app immediately receive a 5% participation discount and teen drivers will receive up to a 10% discount.
  • Licensed teen drivers, 18 years and younger, who are registered for MercuryGO will instantly receive a 10% participation discount on auto insurance.
  • Mercury Insurance (MCY) is a multiple-line insurance organization predominantly offering personal automobile, homeowners and commercial insurance through a network of independent agents in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas and Virginia.

Mercury Insurance Launches MercuryGO for New Jersey Drivers

Retrieved on: 
Thursday, February 3, 2022
Safety, Government, Crash, Parent, Injury, CMT, MIT, Artificial intelligence, Mercury, Twitter, Technology, Research, Fatality, Facebook, MCY, Distracted driving, Garden State, Smartphone, New Jersey State Police, Mercury General, Ridesharing company, Road, Mobile phone, Insurance, Insurance

LOS ANGELES, Feb. 3, 2022 /PRNewswire-PRWeb/ --Today, Mercury Insurance announced that the company has made its usage-based insurance app, MercuryGO, available to drivers in New Jersey to help improve driving skills and traffic safety.

Key Points: 
  • LOS ANGELES, Feb. 3, 2022 /PRNewswire-PRWeb/ --Today, Mercury Insurance announced that the company has made its usage-based insurance app, MercuryGO, available to drivers in New Jersey to help improve driving skills and traffic safety.
  • Mercury auto insurance policyholders who enroll to use the app immediately receive a 5% participation discount and teen drivers will receive up to a 10% discount.
  • It will also help drivers save a lot of money on their premiums," said Mercury Insurance Director of Product Management Mike Dawdy.
  • Licensed teen drivers, 18 years and younger, who are registered for MercuryGO will instantly receive a 10% participation discount on auto insurance.

Mercury Insurance Launches MercuryGO for New Jersey Drivers

Retrieved on: 
Thursday, February 3, 2022
Safety, Government, Crash, Parent, Injury, CMT, MIT, Artificial intelligence, Mercury, Twitter, Technology, Research, Fatality, Facebook, MCY, Distracted driving, Garden State, Smartphone, New Jersey State Police, Multimedia, Mercury General, Ridesharing company, Road, Mobile phone, Insurance, Insurance

LOS ANGELES, Feb. 3, 2022 /PRNewswire/ --Today, Mercury Insurance announced that the company has made its usage-based insurance app, MercuryGO, available to drivers in New Jersey to help improve driving skills and traffic safety.

Key Points: 
  • LOS ANGELES, Feb. 3, 2022 /PRNewswire/ --Today, Mercury Insurance announced that the company has made its usage-based insurance app, MercuryGO, available to drivers in New Jersey to help improve driving skills and traffic safety.
  • Mercury auto insurance policyholders who enroll to use the app immediately receive a 5% participation discount and teen drivers will receive up to a 10% discount.
  • It will also help drivers save a lot of money on their premiums," said Mercury Insurance Director of Product Management Mike Dawdy.
  • Licensed teen drivers, 18 years and younger, who are registered for MercuryGO will instantly receive a 10% participation discount on auto insurance.

Morgan State University Launches New College of Interdisciplinary and Continuing Studies to Spur 'Morgan Completes You' Initiative

Retrieved on: 
Wednesday, November 3, 2021
University, Curriculum, Maryland Higher Education Commission, CICS, MHEC, MCY, Adult education, Adult, Morgan State University, Board, Interdisciplinarity, Governing boards of colleges and universities in the United States, Population, Student, Medicine

BALTIMORE, Nov. 3, 2021 /PRNewswire/ --At its fall quarterly meeting, Morgan State University's Board of Regents voted unanimously to approve the formation of a new College of Interdisciplinary and Continuing Studies ( CICS ), along with its proposed tuition model.

Key Points: 
  • BALTIMORE, Nov. 3, 2021 /PRNewswire/ --At its fall quarterly meeting, Morgan State University's Board of Regents voted unanimously to approve the formation of a new College of Interdisciplinary and Continuing Studies ( CICS ), along with its proposed tuition model.
  • The launch of the new unit coincides with the Maryland Higher Education Commission's ( MHEC ) recent approval of 18 new MCY interdisciplinary degree programs.
  • With this new college, we will provide near-degree completers with crucial access to cutting-edge programs suited for the jobs of today and tomorrow."
  • Collectively, these 18 new interdisciplinary degree programs form the foundation for Morgan Completes You.

Mercury Insurance Launches MercuryGO for Arizona Drivers

Retrieved on: 
Monday, October 4, 2021
News, Arizona Department of Transportation, Artificial intelligence, MIT, MCY, Smartphone, Parent, Injury, Multimedia, Government, Twitter, Fatality, Distracted driving, Transport, Product management, Mercury, Technology, Facebook, Mercury General, CMT, Research, Safety, Arizona Department, Ridesharing company, Road, Mobile phone, Insurance

LOS ANGELES, Oct. 4, 2021 /PRNewswire/ --Today, Mercury Insurance announced that the company has made its usage-based insurance app, MercuryGO, available to drivers in Arizona to help improve driving skills and traffic safety.

Key Points: 
  • LOS ANGELES, Oct. 4, 2021 /PRNewswire/ --Today, Mercury Insurance announced that the company has made its usage-based insurance app, MercuryGO, available to drivers in Arizona to help improve driving skills and traffic safety.
  • "MercuryGO is an app that will help to keep Arizonans safe while on the road," said Mercury Insurance Director of Product Management David Lane.
  • Licensed teen drivers, 18 years and younger, who are registered for MercuryGO will instantly receive a 10% participation discount on auto insurance.
  • Tweet the news:MercuryGO is available in Arizona and could save drivers up to 40% on auto insurance.

Mercury Insurance Wins J.D. Power Digital Experience Study Award

Retrieved on: 
Monday, August 30, 2021
Insurance, P&C, Twitter, PR, Advertising, Research, MCY, Mercury, Intelligence, Multimedia, Mercury General, Partnership, J.D. Power, Facebook, View, Retail, Online shopping

LOS ANGELES, Aug. 30, 2021 /PRNewswire/ -- Mercury Insurance is ranked number one among insurers for overall satisfaction in the shopping segment of the  J.D. Power 2021 U.S. Digital Experience Study. This marks the first time Mercury has received a J.D. Power award.

Key Points: 
  • Power 2021 U.S. Digital Experience Study.
  • "Insurance can be confusing, so we designed a digital experience that makes it easy for consumers and customers to quickly access information, learn more about our products and services, or get a quote," said Erik Thompson, Mercury Insurance Vice President of Advertising and PR.
  • Power U.S. Digital Experience Study was conducted in partnership with Corporate Insight, the leading provider of competitive intelligence and user experience research to the financial services and healthcare industries.
  • Headquartered in Los Angeles, Mercury Insurance provides auto, homeowners and business insurance through more than 4,700 employees and a network of more than 8,000 independent agents in 11 states.

Mercury Advises Owners to Review Insurance Policies before Plugging an Electric Vehicle in at Home

Retrieved on: 
Thursday, August 26, 2021
General Motors, Motor vehicle, Chevrolet, Twitter, Policy, Property, Insurance, EVS, EV, Fire, MCY, Mercury, National Highway Traffic Safety Administration, Bolt, J.D. Power, NEMA, Sale, Facebook, Blog, Fireworks, Electrical wiring

EVs come with a 120-volt (Level 1) compatible cable, which allows the vehicle to charge via a standard wall outlet.

Key Points: 
  • EVs come with a 120-volt (Level 1) compatible cable, which allows the vehicle to charge via a standard wall outlet.
  • However, charging speed is extremely slow about four miles per hour and many EV owners prefer to upgrade to a 240-volt (Level 2) outlet.
  • Mercury Insurance Vice President of Property Claims Christopher O'Rourke advises owners to consult with a professional if they want more power.
  • O'Rourke also recommends that EV owners who plan to charge at home:
    Consider carrying comprehensive auto insurance coverage.