Mercury Insurance Named One of America's Most Trustworthy Companies by Forbes.com
14 April 2009 - 10:00PM
PR Newswire (US)
For a second straight year, Mercury received the highest score
awarded LOS ANGELES, April 14 /PRNewswire-FirstCall/ -- Mercury
Insurance has been named as one of America's 100 Most Trustworthy
Companies in an annual survey commissioned by Forbes.com. Mercury
is only one of 10 companies to appear on the list three years in a
row, and the company achieved the highest score awarded for the
second consecutive year. Conducted by Audit Integrity, the list
ranks the nation's top 100 companies that have consistently
demonstrated transparent and conservative accounting practices and
solid corporate governance and management. "It's critical in
today's current economic environment that investors and consumers
have confidence in the companies with which they choose to do
business," said Gabriel Tirador, president and chief executive
officer of Mercury General Corporation. "Mercury has always worked
very hard to earn the trust of our customers and the investment
community. We are very proud that these efforts have been
recognized, and that Mercury has once again been named as one of
America's most trustworthy companies." Forbes.com's Top 100 Most
Trusted Companies list was compiled by scanning more than 8,000
companies traded on U.S. exchanges with market caps of $200 million
or more. Companies are grouped into three subcategories based on
market capitalization. Mercury is ranked as a Mid-Cap Company, and
each quarter it receives an accounting and governance risk score
(AGR) based on Audit Integrity's proprietary modeling, which
evaluates practices that correlate with shareholder risk. Mercury
was one of 14 mid- and small-cap companies that received Audit
Integrity's highest AGR score of 88. Mercury has received an A+
(Superior) rating from A.M. Best and an AA- rating from Standard
& Poor's, which were earned through disciplined underwriting,
strict cost control and efficient claims management. About Mercury
Insurance Mercury Insurance (MCY) is a multiple-line insurance
organization offering predominantly personal automobile and
homeowners insurance through a network of independent agents and
brokers in California, Florida, New Jersey, Texas, Arizona, New
York, Georgia, Oklahoma, Illinois, Michigan, Nevada, Virginia and
Pennsylvania. Since 1962, Mercury Insurance has demonstrated its
commitment to customer satisfaction by offering quality insurance
at affordable prices. Today, good service and good pricing are the
core values that distinguish Mercury in the marketplace. For more
information about Mercury Insurance, please visit
http://www.mercuryinsurance.com/ or contact Erik Thompson at (661)
291-6435. DATASOURCE: Mercury Insurance CONTACT: Erik Thompson of
Mercury Insurance, +1-661-291-6435; or Coby King of MWW Group,
+1-213-486-6560, ext. 319, for Mercury Insurance Web Site:
http://www.mercuryinsurance.com/
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