Mercury Insurance 2008 Annual Report Download - page 22

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12
Each of the Insurance Companies is subject to holding company regulations in the states in which it is domiciled; the
provisions of which are substantially similar to those of the Holding Company Act.
Assigned Risks
Automobile liability insurers in California are required to sell bodily injury liability, property damage liability, medical
expense and uninsured motorist coverage to a proportionate number (based on the insurer’s share of the California automobile
casualty insurance market) of those drivers applying for placement as “assigned risks.” Drivers seek placement as assigned risks
because their driving records or other relevant characteristics, as defined by Proposition 103, make them difficult to insure in the
voluntary market. In 2008, assigned risks represented less than 0.1% of total automobile direct premiums written and less than
0.1% of total automobile direct premium earned. The Company attributes the low level of assignments to the competitive
voluntary market. Many of the other states in which the Company conducts business offer programs similar to that of
California. These programs are not a significant contributor to the business written in those states.
EXECUTIVE OFFICERS OF THE COMPANY
The following table sets forth certain information concerning the executive officers of the Company as of February 15,
2009:
Name Age Position
George Joseph 87 Chairman of the Board
Gabriel Tirador 44 President and Chief Executive Officer
Allan Lubitz 50 Senior Vice President and Chief Information Officer
Joanna Y. Moore 53 Senior Vice President and Chief Claims Officer
Bruce E. Norman 60 Senior Vice President - Marketing
John Sutton 61 Senior Vice President - Customer Service
Ronald Deep 53 Vice President -South East Region
Christopher Graves 43 Vice President and Chief Investment Officer
Robert Houlihan 52 Vice President and Chief Product Officer
Kenneth G. Kitzmiller 62 Vice President - Underwriting
Theodore R. Stalick 45 Vice President and Chief Financial Officer
Charles Toney 47 Vice President and Chief Actuary
Judy A. Walters 62 Vice President - Corporate Affairs and Secretary
Mr. Joseph, Chairman of the Board of Directors, has served in this capacity since 1961. He held the position of Chief
Executive Officer of the Company for 45 years from 1961 through December 2006. Mr. Joseph has more than 50 years’
experience in the property and casualty insurance business.
Mr. Tirador, President and Chief Executive Officer, served as the Company’s assistant controller from 1994 to 1996. In
1997 and 1998 he served as the Vice President and Controller of the Automobile Club of Southern California. He rejoined the
Company in 1998 as Vice President and Chief Financial Officer. He was appointed President and Chief Operating Officer in
October 2001 and Chief Executive Officer in January 2007. Mr. Tirador has over 20 years experience in the property and casualty
insurance industry and is a Certified Public Accountant.
Mr. Lubitz, Senior Vice President and Chief Information Officer, joined the Company in January 2008. Prior to joining
the Company, he served as Senior Vice President and Chief Information Officer of Option One Mortgage from 2003 to 2007 and
President of ANR Consulting Group from 2000 to 2003. Prior to 2000, he held various management positions at First American
Corporation over a 20 year period, most recently as Senior Vice President and Chief Information Officer.
Ms. Moore, Senior Vice President and Chief Claims Officer, joined the Company in the claims department in 1981. She
was named Vice President of Claims of Mercury General in 1991 and Vice President and Chief Claims Officer in 1995. She was
promoted to Senior Vice President and Chief Claims Officer on January 1, 2007.
Mr. Norman, Senior Vice President-Marketing, has been employed by the Company since 1971. Mr. Norman was
named to his current position in 1999, and has been a Vice President since 1985 and a Vice President of MCC since 1983. Mr.
Norman has supervised the selection and training of agents and managed relations between agents and the Company since 1977.
Mr. Sutton, Senior Vice President-Customer Service, joined the Company as Assistant to CEO in July 2000. He was
named Vice President in September 2007 and Senior Vice President in January 2008. Prior to joining the Company, he served as
President and Chief Executive Officer of The Covenant Group from 1994 to 2000. Prior to 1994, he held various executive
positions at Hanover Insurance Company.