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Company: Mercury Insurance Co. and Mercury Casualty Co. and California Automobile Insurance Co.
Current Parent Company:
Mercury General Corporation
Parent at the Time of the Penalty Announcement:
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Penalty: $41,188,505
Year: 2019
Date: October 2, 2019
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Mercury Insurance Co., Mercury Casualty Co. and California Automobile Insurance Co. agreed to pay a total of $41,188,505 in settlement of allegations they violated the Insurance Code by charging unapproved premiums and unfairly discriminatory rates.
Level of Government: state
Action Type: agency action
Agency: California Department of Insurance
Civil or Criminal Case: civil
Facility State: California
HQ Country of Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
Source of Data:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.