INSURANCE
From Times Staff and Wire Reports
Mercury Files for Rate Cut: Mercury General Corp. said it has applied to the state Insurance Department for reductions that will average about 1.7% on its auto insurance policies. The cuts would affect customers of the company’s Mercury Insurance Co. and Mercury Casualty Co. units, California’s ninth- and 10th-largest auto insurers, respectively. For certain new customers, the cuts would be as much as 20%.
