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US$1.617 billion (2018) [2] Owner. George Joseph and family (35.3%) [3] Number of employees. 4,300 [4] (2017) Website. www.mercuryinsurance.com. Mercury General Corporation is a multiple-line insurance organization that offers personal automobiles, homeowners, renters, and business insurance. Mercury's primary focus is automobiles and ...
Mercury's business bank launched in 2019. [1] In March 2022, the company began offering venture debt services to its customers. [5] In September 2022, the company launched a corporate charge card. [1] The company reportedly gained a significant number of new customers and deposits in the wake of the March 2023 Silicon Valley Bank failure. [3]
8,440 [1] (2019) Parent. Allstate. National General Insurance, formerly the GMAC Insurance Group is a Winston-Salem, North Carolina -based property and casualty insurance company. The company was founded in 1920. The company is the only insurance company in the United States to originate within the automotive industry.
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In August 2019, Mercury paid a $27.6 million fine to the California Department of Insurance for findings that it had violated Proposition 103. It was the largest fine against a property and ...
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