Mercury Insurance, Awash in Profit, Seeks 8.8% Rate Hike on More Than 300000 …
January 21st, 2012
Mercury Insurance, Awash in Profit, Seeks 8.8% Rate Hike on More Than 300000 …
The insurer is seeking the increase even though it paid less than 50 cents in claims for every dollar it charged for homeowners insurance in 2010 and despite reporting a $ 152 million annual profit from its company-wide insurance sales. …
Read more on MarketWatch (press release)
Homeowners urged to weigh in on FAIR Plan insurance hike
"Our voices together do make things happen," said Paula Aschettino, chairwoman of Citizens for Homeowners Insurance Reform. She specifically encouraged more homeowners from SouthCoast to join her group and make their voices heard. …
Read more on SouthCoastToday.com
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