NYSE:MCYInsurance
How Investors Are Reacting To Mercury General (MCY) Expanding Umbrella Insurance Coverage in Florida
Earlier this month, Mercury Insurance introduced an enhanced personal umbrella insurance policy in Florida, providing expanded liability coverage including uninsured motorist protection and discounts for accident-free customers, with rates starting just over $1 a day.
This launch responds directly to the increasing number of home and auto liability injury claims in Florida that exceed standard policy limits, marking the company's seventh state rollout for this product.
We'll assess how the...