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Distracted Driving Awareness Month: Mercury Insurance Offers Driving Tips That Could Save Lives
Prnewswire· 2025-04-25 16:00
Core Insights - The article emphasizes the importance of safe driving behaviors to reduce accidents and potentially lower auto insurance costs [2][3] Group 1: Safe Driving Tips - Buckling up every time can save lives; in 2022, 11,302 fatalities occurred due to not wearing seat belts [5] - Ensuring children are in the correct car seats is crucial, as improper use is a leading cause of child fatalities in crashes [5] - Driving sober is essential; over 13,000 people died in alcohol-related crashes in 2022, highlighting the need for responsible driving [5] - Distracted driving accounted for approximately 3,000 fatalities in the U.S. in 2024, representing about 14% of all traffic-related deaths [5] - Obeying speed limits is vital as speeding increases the likelihood of injuries or fatalities in accidents [5] - Avoiding drowsy driving is important; drivers should find a safe place to rest if feeling drowsy [5] - Engaging in discussions with teen drivers about safe driving is necessary, as they accounted for 7% of all fatal crashes in the U.S. in 2022 [5] - Checking for vehicle recalls at least twice a year is recommended for safety [5] Group 2: Company Overview - Mercury Insurance is headquartered in Los Angeles and offers multiple lines of insurance, including personal auto and homeowners insurance [6] - The company operates in various states and has a network of over 6,500 independent agents [7] - Mercury Insurance has been recognized for its competitive rates and excellent customer service, earning an "A" rating from A.M. Best [7]
Is Mercury General (MCY) Stock Undervalued Right Now?
ZACKS· 2025-04-23 14:45
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental ...
Mercury Insurance Named to Forbes' America's Best Employers 2025 List
Prnewswire· 2025-04-16 16:00
Group 1 - Mercury Insurance has been recognized as one of America's Best Midsized Employers for 2025, highlighting its commitment to team member growth and company culture [1][2] - The selection process involved an independent survey of over 217,000 U.S. team members from companies with at least 1,000 employees, considering more than 6.5 million employer evaluations [2][3] - The final score was based on personal evaluations from team members and public evaluations from friends and family, with a higher weighting on personal evaluations [3] Group 2 - Mercury Insurance emphasizes the importance of its team members, stating that their culture fosters growth and innovation, which is essential for overcoming challenges [4][6] - The company has maintained a focus on team member experience and career growth since its inception in 1962, resulting in an average tenure of over 12 years, nearly three times the industry average [5] - The recognition reflects Mercury's philosophy that the success of the company is directly linked to the well-being of its team members [6] Group 3 - Mercury Insurance, headquartered in Los Angeles, offers a range of insurance products including personal auto, homeowners, and renters insurance across multiple states [7][8] - The company has built a workforce of nearly 4,100 team members and over 6,500 independent agents, providing competitive rates and excellent customer service [8]
MCY Lags Industry, Trades at a Discount: What Should Investors Do Now?
ZACKS· 2025-04-15 14:05
Shares of Mercury General Corporation (MCY) have lost 1.8% in the past year against the industry, the Finance sector and the Zacks S&P 500 composite’s growth of 27.7%, 14.3% and 6.7%, respectively. The insurer has a market capitalization of $2.90 billion. The average volume of shares traded in the last three months was 0.7 million.MCY shares are trading below the 50-day moving average, indicating a bearish trend.MCY vs. Industry, Sector, S&P in One YearImage Source: Zacks Investment ResearchMCY Shares are A ...
MERCURY GENERAL CORPORATION TO REPORT FIRST QUARTER RESULTS ON MAY 6, 2025
Prnewswire· 2025-04-14 16:39
LOS ANGELES, April 14, 2025 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, May 6, 2025, the Company will issue an earnings press release reporting its results for the first quarter of 2025, and will also file its quarterly report on Form 10-Q with the Securities and Exchange Commission.  The earnings press release should be read in conjunction with the Company's quarterly report on Form 10-Q. Mercury General Corporation and its subsidiaries ar ...
Road Tripping in an EV? Mercury Insurance Advises How to Prepare
Prnewswire· 2025-04-09 16:00
Core Insights - The article emphasizes the importance of planning for electric vehicle (EV) road trips, highlighting the need for preparation to ensure a smooth journey [1][2] Group 1: Trip Planning - EV owners should plan their trips in advance, utilizing apps like PlugShare, EVgo, Electrify America, and Tesla to locate charging stations [2] - Popular tourist attractions and hotels often provide complimentary charging stations for guests, which can be beneficial for EV travelers [2] Group 2: Charging Knowledge - Understanding the type of charger needed is crucial; compatibility with the vehicle's plug type and access methods are essential for successful charging [4] - By the end of 2025, nearly all EVs will have access to Tesla's Supercharger stations, expanding charging options for non-Tesla vehicles [4] Group 3: Charging Types and Times - Level 1 chargers are the slowest, taking up to 24 hours for a full charge, while Level 2 chargers can charge an EV to 80% in 4 to 10 hours [7] - Level 3 DC fast chargers provide rapid charging, achieving 80% in 20 minutes to an hour, although costs may vary [7] Group 4: Roadside Assistance - It is important for EV owners to ensure their insurance policy includes roadside assistance, which may involve specialized towing options for EVs [6][8] - When contacting roadside assistance, informing them that the vehicle is an EV is crucial for appropriate support [8] Group 5: Flexibility and Backup Plans - EV travelers should have a backup plan, including alternative routes and additional charging stations, to accommodate potential changes in their itinerary [8] - As EV adoption increases and infrastructure improves, planning for charging distances and vehicle range will enhance the road trip experience [9]
Mercury Insurance Offers Homeowners Recommendations on Tax Deductions That Could Save You Thousands
Prnewswire· 2025-04-03 16:00
Make a Checklist to Review with Your Tax Preparer LOS ANGELES, April 3, 2025 /PRNewswire/ -- One of the most difficult parts of preparing your taxes is gathering all of the paperwork. If you own your home, that task is multiplied and even more important; one overlooked deduction can cost you thousands. With April 15 just around the corner, Mercury Insurance is providing a checklist so you are prepared when you sit down to do taxes or review with your CPA. Most of us are accustomed to deducting our mortgage ...
Bodily Injury Costs Increase in Georgia, According to Mercury Insurance
Prnewswire· 2025-03-31 16:00
Mercury's New Umbrella Insurance Better Protects Georgians' Personal Wealth Against Bodily Injury Claims LOS ANGELES, March 31, 2025 /PRNewswire/ -- Multi-vehicle crashes, dog bites or a delivery person being injured on your property are some of the unexpected events that are putting Georgians' personal financial health at risk. In fact, bodily injury payouts continue to climb year over year since the pandemic started, with the average amount for a liability claim increasing by 35%, according to Mercury Ins ...
Mercury Insurance Explains How Uninsured Drivers Affect Insurance Costs and How You Can Protect Yourself
Prnewswire· 2025-03-27 16:00
Core Insights - The percentage of uninsured motorists in the U.S. has increased from 11% in 2019 to 14% in 2022, equating to approximately 1 in 7 drivers being uninsured [2] - The financial strain on insurance companies due to uninsured drivers leads to increased costs, which are ultimately passed on to insured drivers [3][4] - Policyholders collectively paid $16 billion for uninsured and underinsured motorist coverage in recent years, highlighting the significant financial impact on the insurance industry [3] Industry Impact - The rise in uninsured drivers raises the risk for insurance companies, potentially leading to higher claims payouts for accidents involving these motorists [6] - To mitigate increased risks, insurance companies are likely to raise premiums for all insured drivers, regardless of their individual driving records [6] - Frequent claims against uninsured drivers can lead to higher premiums for everyone, even in states where uninsured motorist coverage is mandated [6] Company Insights - Mercury Insurance emphasizes the importance of auto insurance as a safety net for drivers, passengers, and others on the road [5] - The company suggests that consumers can take advantage of discounts and strategies to reduce insurance costs, especially in light of affordability concerns [5] - Mercury Insurance has a strong presence in multiple states and has received high ratings for customer service and competitive rates [8]
Mercury General (MCY) Up 0.2% Since Last Earnings Report: Can It Continue?
ZACKS· 2025-03-13 17:11
Company Overview - Mercury General (MCY) shares have increased by approximately 0.2% since the last earnings report, outperforming the S&P 500 [1] - The most recent earnings report indicates a need to analyze the catalysts affecting the stock's performance [1] Earnings Estimates - Fresh estimates for Mercury General have trended downward over the past month, with the consensus estimate shifting by -433.33% [2] VGM Scores - Mercury General has a strong Growth Score of A, but a low Momentum Score of F; it also holds an A grade for value, placing it in the top quintile for this investment strategy [3] Outlook - The overall trend of estimate revisions for Mercury General indicates a downward shift, resulting in a Zacks Rank of 3 (Hold), suggesting an expectation of in-line returns in the coming months [4] Industry Performance - Mercury General is part of the Zacks Insurance - Property and Casualty industry, where The Hartford Insurance Group (HIG) has seen a gain of 4.1% over the past month [5] - The Hartford Insurance Group reported revenues of $4.79 billion for the last quarter, reflecting a year-over-year increase of 11.1%, with EPS of $2.94 compared to $3.06 a year ago [6] - The Hartford is expected to post earnings of $2.34 per share for the current quarter, with a Zacks Consensus Estimate change of -3.6% over the last 30 days [6] - The Hartford also holds a Zacks Rank of 3 (Hold) and has a VGM Score of C [7]