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Derivative Financial Instruments (Schedule Of Derivative Gains And Losses In The Consolidated Statements Of Operations) (Details) (Derivatives Not Designated as Hedging Instruments [Member], USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Derivative Financial Instruments [Line Items]      
(Losses) Gains Recognized in Income $ 450us-gaap_DerivativeGainLossOnDerivativeNet $ 4,055us-gaap_DerivativeGainLossOnDerivativeNet $ 3,247us-gaap_DerivativeGainLossOnDerivativeNet
Total Return Swap [Member] | Net realized investment gains [Member]
     
Derivative Financial Instruments [Line Items]      
(Losses) Gains Recognized in Income (2,969)us-gaap_DerivativeGainLossOnDerivativeNet
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_TotalReturnSwapMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_IncomeStatementLocationAxis
= mcy_NetRealizedInvestmentGainsMember
2,176us-gaap_DerivativeGainLossOnDerivativeNet
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_TotalReturnSwapMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_IncomeStatementLocationAxis
= mcy_NetRealizedInvestmentGainsMember
0us-gaap_DerivativeGainLossOnDerivativeNet
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_TotalReturnSwapMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_IncomeStatementLocationAxis
= mcy_NetRealizedInvestmentGainsMember
Interest rate swap agreements [Member] | Other revenue (expense) [Member]
     
Derivative Financial Instruments [Line Items]      
(Losses) Gains Recognized in Income 0us-gaap_DerivativeGainLossOnDerivativeNet
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_InterestRateSwapMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_IncomeStatementLocationAxis
= us-gaap_OtherIncomeMember
103us-gaap_DerivativeGainLossOnDerivativeNet
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_InterestRateSwapMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_IncomeStatementLocationAxis
= us-gaap_OtherIncomeMember
567us-gaap_DerivativeGainLossOnDerivativeNet
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_InterestRateSwapMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_IncomeStatementLocationAxis
= us-gaap_OtherIncomeMember
Equity contracts [Member] | Net realized investment gains [Member]
     
Derivative Financial Instruments [Line Items]      
(Losses) Gains Recognized in Income $ 3,419us-gaap_DerivativeGainLossOnDerivativeNet
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EquityContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_IncomeStatementLocationAxis
= mcy_NetRealizedInvestmentGainsMember
$ 1,776us-gaap_DerivativeGainLossOnDerivativeNet
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EquityContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_IncomeStatementLocationAxis
= mcy_NetRealizedInvestmentGainsMember
$ 2,680us-gaap_DerivativeGainLossOnDerivativeNet
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EquityContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_IncomeStatementLocationAxis
= mcy_NetRealizedInvestmentGainsMember