Market Research Report: Mercury Insurance
Company Overview
Name, Mission of the Company
- Name: Mercury Insurance
- Mission: Provide quality insurance products at an affordable rate while delivering outstanding service.
When was the Company Founded and by Whom
- Founded: 1961
- Founder: George Joseph
Key People in the Company
- Founder and Chairman of the Board: George Joseph
- President and Chief Executive Officer: Gabriel Tirador
Where is the Company Headquartered
- Headquarters: Los Angeles, California, USA
Number of Employees
- Employees: More than 4,100 employees
Revenue of the Company
- Total Assets: Over $7.1 billion
What is the Company Known For
- Comprehensive coverage options for auto, home, condo, renters, and business insurance along with mechanical protection.
- Forbes recognition as one of the "World's Best Insurance Companies" and one of "America's Most Trustworthy Companies."
- A ratings from A.M. Best and Fitch.
Products
What Products do They Offer
- Personal Insurance:
- Auto Insurance
- Homeowners Insurance
- Renters Insurance
- Landlord Insurance
- Mechanical Protection
- Business Insurance:
- Business Owners Insurance
- Business Auto Insurance
- Commercial Multi-Peril Insurance
High Level Description of the Product
- Mercury Insurance provides a range of personal and business insurance products designed to offer comprehensive coverage and mechanical protection across various circumstances.
Key Features of Each Product
- Auto Insurance:
- Comprehensive and collision coverage, liability coverage, uninsured motorist coverage.
- Homeowners Insurance:
- Dwelling coverage, personal property coverage, liability protection, additional living expenses.
- Renters Insurance:
- Personal property coverage, liability protection, additional living expenses.
- Business Insurance:
- Property and liability coverage, business auto, specialized coverage for business risks.
Recent Developments
Recent Developments in the Company
- Forbes Recognition as one of the "World's Best Insurance Companies" for 2023.
- Partnership with UCLA Anderson Forecast for research on the impact of climate change and the economy.
New Products Launched
- No information is available
New Features Added to Existing Products
- No information is available
Any New Partnerships
- Partnership with iHeart Radio to honor community heroes through the 'Community Rockstars' campaign.
- Partnership with California Medical Association on the Care 4 Caregivers Now initiative to support frontline healthcare workers.
Awards and Recognitions
- Forbes Recognition: One of the "World’s Best Insurance Companies" in 2023.
- Forbes: One of "America’s Most Trustworthy Companies."
- A.M. Best and Fitch: Earned A ratings.
- America’s Best Mid-Size Employers: Forbes Magazine.
- America’s Greatest Workplaces for Diversity: Newsweek Magazine.
Community and Social Responsibility
- Mercury Cares Program: Focuses on helping communities by supporting various causes such as providing cloth masks during COVID-19, supporting healthcare workers, assisting the military, and more.
- Corporate Sustainability: Emphasizes helping customers, employees, and communities, guided by principles established since the company's founding.
Key Contacts for Media
- Shane Smith, Pacific Communications Group: (424) 903-3665
- Erik Thompson, Chief Marketing Officer, Mercury Insurance Group: (661) 291-6435
For more detailed information and financial reports, please visit the official [Mercury Insurance website](https://www.mercuryinsurance.com).