MI

Mercury Insurance

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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).