Mercury Insurance ends fight with California for record $41M

SACRAMENTO, Calif. (AP) — Mercury Insurance Co. is ending its two-decade battle with California regulators over extra fees charged to customers by paying the state a record $41 million.
California Insurance Commissioner Ricardo Lara said Wednesday it’s the largest property and casualty penalty and interest payment in Insurance Department history.
It comes after the state Supreme Court last month declined to hear the company’s appeal from a lower court decision.
The state appeal