November 17, 2013 |
Opinions about Mercury General Corp. often depend on whether they're coming from investors or consumers. The Los Angeles automobile and homeowner insurance company has been at the center of repeated attempts to amend California's landmark Proposition 103, which made automobile insurance a more regulated industry. For more than a decade, Mercury's founder and chairman, George Joseph, has clashed repeatedly with consumer advocate Harvey Rosenfield, author of the landmark proposition, before the California Department of Insurance, the courts, the Legislature and on the ballot.
CALIFORNIA | LOCAL
September 24, 2013 |
An uncle and grandmother of a 2-year-old boy mauled to death by a group of pit bull-mix dogs in Colton could eventually be charged with murder, police said Tuesday. Marco Zamudio, 23, and Eustulia Zamudio, 42, were arrested on suspicion of child endangerment resulting in death hours after 2-year-old Samuel Zamudio, of Rialto, was attacked Monday afternoon in a backyard in Colton by five dogs, described as pit bull mixes. Marco was responsible for taking care of his nephew at the time, said Colton police Det. Ray Mendez. Eustulia was the homeowner and the dogs belonged to her, he said.
May 13, 2013 |
Many Americans are confused about the basic elements of homeowner insurance policies, according to a new study. More than four in 10 people wrongly think that the policies cover mold damage and 73% don't realize that the policies do cover personal items that are stolen from a car, according to the poll by InsuranceQuotes.com. Perhaps most dangerous for anyone in California, 51% are unaware that earthquake coverage is not covered by standard homeowner policies, the study found.
March 5, 2013 |
SACRAMENTO - State regulators have ordered Mercury General Corp. to cut its homeowners insurance rates by 8.2%, instead of the increase in premiums that the company had sought. As a result, the Los Angeles insurer is contesting the ruling in court. The rate cut was announced by California Insurance Commissioner Dave Jones. "The rate reduction provided for in this decision would offer much-needed financial relief for homeowners and would no doubt help consumers keep more of their hard-earned dollars in today's tight economy," Jones said in a statement Tuesday.
February 10, 2013 |
Dear Liz: My boyfriend is deployed. I have his power of attorney, and during his deployment I have paid off all of his credit card debt. The accounts now need to be closed because they are ones that were acquired with his former wife. I know you say that it will hurt his credit to close accounts, but I'd rather close them because they're tied to his ex. Answer: If the former wife is a joint account holder on the cards, they should have been closed and the balances transferred to other credit cards in his name only before the divorce was final.
September 4, 2012 |
In the Obama campaign's attack on the Romney-Ryan proposal to "voucherize" Medicare, one accusation is that the plan would force seniors to pay more of their healthcare costs: about $6,400 more per beneficiary, according to a recent TV ad known as "Facts. " Regardless of the "facts" in the ad, this attack takes as a given that any such outcome is undesirable. Yet asking seniors to pay substantially more is precisely the way to improve Medicare. Here's why. The purpose of insurance is to protect against large, unforeseeable expenses.