Newsweek Names Mercury Insurance One of America's Greatest Workplaces for Mental Wellbeing 2024

Rhea-AI Summary

Mercury Insurance has been honored as one of America's Greatest Workplaces for Mental Wellbeing 2024 by Newsweek and Plant-A Insights. This new award recognizes companies committed to their employees' mental health. Only 15 non-health-related insurance carriers were selected among 750 businesses. Vice President Heidi Lopez emphasized Mercury's dedication to employee mental health through various programs, including Lyra, MyHealth, and ACI Work Life Services. These offerings provide counseling, stress management, and well-being tools. The selection was based on public data, feedback from HR executives, and large-scale surveys involving over 250,000 employees. This recognition highlights Mercury's focus on mental wellness as a core value.

Positive

• Mercury Insurance named one of America's Greatest Workplaces for Mental Wellbeing 2024 by Newsweek.
• Recognition emphasizes Mercury's commitment to employee mental health.
• Mercury offers comprehensive mental health benefits, including Lyra, MyHealth, and ACI Work Life Services.
• Survey indicates that 94% of benefits leaders find mental health benefits 'very important' for prospective employees.
• Award highlights Mercury's dedication to both physical and mental health of employees.

Negative

• Only 15 non-health-related insurance carriers were selected, highlighting industry recognition.
• No direct correlation mentioned between mental health initiatives and financial performance or stock price impact.

Award Recognizes Mercury's Commitment to its Employees' Mental Health

LOS ANGELES, June 12, 2024 /PRNewswire/ -- Mercury Insurance has been named by Newsweek, in conjunction with market data research firm Plant-A Insights, as one of America's Greatest Workplaces for Mental Wellbeing 2024. This is the first year Newsweek is offering the award, and only 15 non-health-related insurance carriers were selected out of 750 businesses recognized.

"We continue to be humbled and honored by the recognition our employee care and empowerment actions have received," stated Heidi Lopez, Vice President, Chief Human Capital Officer for Mercury. "Our employees have access to a great number of resources and programs designed to promote positive mental well-being. The Mercury team is a community, and we will always strive to provide the best services and tools to support the mental and physical health of our employees." 

According to a survey of 250 benefits leaders across the U.S, conducted by Lyra, 94% of respondents indicated that offering mental health benefits is "very important" to prospective employees.

Mercury has made the mental health of its employees a priority, recognizing that mental health is as much a priority as physical health. The company offers a range of mental health benefits, from counseling to a full well-being program. Other offerings include:

• Lyra - Mercury employees have access to mental health care for themselves, their spouses and their children (up to age 26) through Lyra, which allows employees to find the right solution for their needs. The service also includes Lyra Learn, which provides eLearning on a wide range of health topics, including stress management and minding your mental health.
• MyHealth at Mercury - MyHealth is a comprehensive well-being program that allows Mercury team members and their spouses to find interactive tools and resources to track personal goals, participate in well-being challenges and receive awards for their efforts.
• ACI Work Life Services – Known for providing employee assistance programs, ACI's Work-Life Services is a dedicated program of benefits and professional services that center on stress relief through in-the-moment counseling, via video or telephone as well as in-person sessions. They also provide legal and financial consultations, and all of this combines to ease the stress of day-to-day burdens.

"This award validates our belief that Mercury's success stems from building a team that is both physically and mentally healthy," added Lopez. "We believe that our employees are the foundation upon which Mercury is built, and their mental health is critically important to happiness and well-being."

To spotlight the organizations prioritizing the mental well-being of their employees, Newsweek partnered with Plant-A for the inaugural ranking of America's Greatest Workplaces for Mental Well-Being, which lists the top 750 U.S. employers making a positive difference in the mental wellness of their workers.

The ranking is based on an assessment of public data, feedback from HR executives at companies with more than 1,000 employees and an anonymized panel of HR professionals to identify employee satisfaction drivers, and large-scale confidential online surveys of more than 250,000 employees

The link to the original article can be found here: https://www.newsweek.com/rankings/americas-greatest-workplaces-mental-wellbeing-2024

Headquartered in Los Angeles, Mercury Insurance provides auto, homeowners and business insurance through more than 4,700 employees and a network of more than 8,000 independent agents in 11 states.

About Mercury Insurance

Mercury Insurance (NYSE: MCY) is a multiple-line insurance carrier predominantly offering personal auto, homeowners and renters insurance through a network of independent agents in Arizona, California, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas and Virginia, as well as auto insurance in Florida. Mercury writes other lines of insurance in various states, including commercial, business owners and business auto, landlord, home-sharing, ride-hailing and mechanical protection insurance.

Since 1962, Mercury has provided customers with tremendous value for their insurance dollar by pairing ultra-competitive rates with excellent customer service. Mercury has earned "A" ratings from A.M. Best and Fitch, as well as "Best Auto Insurance Company" designations from Forbes and Insure.com. For more information visit Mercury Insurance or follow the company on Twitter or Facebook.

 

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SOURCE Mercury Insurance

FAQ

What award did Mercury Insurance receive in 2024?

Mercury Insurance was named one of America's Greatest Workplaces for Mental Wellbeing 2024 by Newsweek and Plant-A Insights.

How many insurance carriers were recognized for mental wellbeing in 2024?

Only 15 non-health-related insurance carriers were recognized.

What are some mental health benefits offered by Mercury Insurance?

Mercury Insurance offers Lyra for counseling, MyHealth for well-being programs, and ACI Work Life Services for stress relief and other support.

Who is the Vice President of Mercury Insurance?

Heidi Lopez is the Vice President and Chief Human Capital Officer of Mercury Insurance.

What is the significance of the mental wellbeing award for MCY's stock?

The award may enhance Mercury Insurance's reputation as an employer, potentially impacting its stock positively by attracting and retaining talent.

How does Mercury Insurance support employees' mental health?

Mercury Insurance supports mental health through programs like Lyra, MyHealth, and ACI Work Life Services, offering counseling, stress management, and wellness tools.