Bodily Injury Costs Increase in Oklahoma, According to Mercury Insurance

Core Insights - Mercury Insurance has launched a new personal umbrella insurance policy in Oklahoma to provide enhanced protection against rising bodily injury claims, which have increased by 35% since the pandemic began [1][2][5] - The new policy offers additional coverage starting at less than $1.00 a day, addressing the trend of liability claims exceeding traditional policy limits [2][5] - Oklahoma is the third state to receive this expanded insurance product, following California and Texas [4] Company Overview - Mercury Insurance is a multi-line insurance carrier offering various types of insurance, including personal auto, homeowners, and renters insurance, through a network of independent agents across multiple states [7][8] - The company has a strong presence with over 4,700 employees and more than 8,000 independent agents [7] - Mercury has received high ratings from A.M. Best and Fitch, and has been recognized as a top auto insurance company by Forbes and Insure.com [10] Product Features - Key features of the updated umbrella insurance product include customizable liability coverage options ranging from $1 million to $5 million, and discounts for multi-policy holders and accident-free records [8] - The umbrella policy is designed to provide a safety net against unexpected expenses and legal liabilities, making it a valuable addition to an insurance portfolio [3][6]