Mercury General Corporation will purchase Workmen's Auto Insurance Company, subject to regulatory approval. The purchase price is $8 million and the transaction is expected to close during the first quarter of 2015.
Workmen's is a Los Angeles-based auto insurance company specializing in underwriting non-standard personal auto insurance, predominantly in California.
Mercury General and its subsidiaries are a multiple line insurance organization offering predominantly personal automobile and homeowners' insurance through a network of independent producers in many states.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].