Tenants may also want to extend the lease. In either case, a lease extension letter should be written to formally request an extension on the lease. The landlord may use this letter to raise the rent or add new terms to the lease, and the tenant may use the letter to request repairs or other considerations.
Although few depositors realize it, legally the bank owns the depositorâs funds as soon as they are put in the bank. Our money becomes the bankâs, and we become unsecured creditors holding IOUs or promises to pay.
Mercury Insurance Group History. Mercury Insurance Group was founded by George Joseph in 1961 as a low-cost alternative to larger insurance companies. The company operated solely in California until 1990. Today Mercury Insurance Group is the parent to a group of insurers that offer automobile insurance to individuals, which accounts for 80% of the companyâs business. Mercury also offers commercial auto insurance and homeowners, umbrella, mechanical breakdown, and fire insurance. The companyâs principal subsidiary is Mercury Casualty Company. Mercury Insurance Group trades publicly on the New York Stock Exchange under the ticker symbol MCY, is a member of the S&P 500, is #767 in the Fortune 1000, has 4,500 employees, and had $3 billion in revenue in 2013.