Insurance,
Government
Oct. 3, 2019
State insurance department gets $41M settlement in 20-year case
Ending a two-decade battle over excessive insurance costs California’s insurance commissioner announced Wednesday Mercury Insurance will pay a $41 million settlement, the largest penalty in the history of the department against a property and casualty insurer.
Ending a two-decade battle over excessive insurance costs, California's insurance commissioner announced Wednesday Mercury Insurance will pay a $41 million settlement, the largest penalty in the history of the department against a property and casualty insurer.
"Today is a great day for California drivers and the strong consumer protections that California voters enshrined in law," said state Insurance Commissioner Ricardo Lara at a...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In
