Bodily Injury Costs Increase in Nevada, According to Mercury Insurance

Core Insights - Mercury Insurance has launched a new personal umbrella insurance policy in Nevada to provide additional protection against rising bodily injury claims, which have increased by 35% since the pandemic began [1][4]. Company Overview - Mercury Insurance is a multi-line insurance carrier offering personal auto, homeowners, renters, and commercial insurance through independent agents across several states, including Nevada [5][6]. - The company has been operational since 1962 and has a workforce of over 4,200 employees and a network of more than 6,340 independent agents [6]. Product Features - The new umbrella insurance policy is designed to offer extra protection beyond traditional auto or home policies, starting at just over $1 per day [1][4]. - Key features include increased liability coverage options from $1 million to $2 million, multi-policy discounts, and a 5% discount for drivers with no accidents in the last three years [6]. Market Context - The launch in Nevada marks the eighth state for this expanded insurance product, following previous launches in California, Texas, Oklahoma, Illinois, Arizona, Georgia, and Florida [3]. - The rising costs of unexpected accidents are a significant concern for Nevadans, prompting the need for additional coverage to avoid out-of-pocket expenses [4].