LOS ANGELES, Sept. 29, 2016 /PRNewswire/ -- Mercury Insurance
has been named one of "America's 50 Most Trustworthy Financial
Companies" by Forbes magazine with one of the highest scores
for the past fiscal year. Headquartered in Los Angeles, Mercury (NYSE: MCY) primarily
provides auto, homeowners and business insurance through a network
of more than 8,000 independent agents in 11 states.
"Mercury and our agents are committed to providing the best
insurance value possible," said Mercury CEO and President,
Gabriel Tirador. "We work hard every
day to earn the trust of customers and investors and we are very
proud to be recognized once again by Forbes as one of America's
most trustworthy companies. We take this honor and the trust our
customers and investors have placed in Mercury seriously, and we
will continue to strive to improve each and every day."
Forbes enlisted MSCI ESG Research to examine more than
700 publicly-traded North American companies with market caps of
$250 million or greater, for the year
ending December 2015, to develop this
list by scoring companies on transparency and accuracy in financial
reporting. Criteria for assessing each company included
high-risk events, revenue and expense recognition methods, SEC
actions, and bankruptcy risk, which are all considered indicators
of a company's credibility. Mercury is the fourth highest ranked
property/casualty insurance company on the list.
This is the seventh time Mercury has been named to a
Forbes "America's Most Trustworthy Companies" list.
ABOUT MERCURY INSURANCE
Mercury Insurance (MCY) is a
multiple-line insurance organization predominantly offering
personal automobile, homeowners and commercial insurance through a
network of independent agents in Arizona, California, Florida, Georgia, Illinois, Nevada, New
Jersey, New York,
Oklahoma, Texas and Virginia. Since 1962, Mercury has specialized
in offering quality insurance at affordable prices. For more
information visit www.mercuryinsurance.com or Facebook and follow
the company on Twitter.
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SOURCE Mercury Insurance