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NU Online News Service, Aug. 2, 3:30 p.m. EDT

Los Angeles-based Mercury General Corp. said it spent $12.1 million in the second quarter in support of a ballot initiative that was defeated, adding nearly 2 points to the expense ratio.

Mercury General supported Proposition 17, which the company said would have enabled insurers to offer new customer discounts based on continuous coverage from any insurance company. It was defeated in June.

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