Erie Insurance is a publicly-owned insurance company. EI Offers Auto, Home, Commercial and Life Insurance Policies to USA People. It has a wide network of Insurance Agents. As per the reports, they have 381st Rank among the largest Public US Companies. It is in terms of Revenue. We are referring to Fortune Magazine Reports.
EI – Erie Insurance
The Organization is operationally active in below-mentioned countries:
12 US States, District of Columbia, Illinois, Indiana, Kentucky, Maryland, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and Wisconsin. EI also has naming rights to the Erie Insurance Arena.
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| Public | |
| Traded as | NASDAQ: ERIE (Class A) Russell 1000 Component |
| Industry | Insurance |
| Founded | April 20, 1925 |
| Founders | H.O. Hirt O.G. Crawford |
| Headquarters | Erie, Pennsylvania, U.S. |
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Number of locations
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12,400 Independent insurance agents located in 12 U.S. states and the District of Columbia |
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Key people
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Timothy G. NeCastro (CEO) Thomas B. Hagen (Chairman) |
| Products | Property, Casualty and Life Insurance |
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Number of employees
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5,260[1] (2017) |
| Website | www.erieinsurance.com |
Top Two Habits Your Should Leave Right Now to Be Successful.
The organization started working in 1925 with two salesmen from the Pennsylvania Indemnity Exchange. Their names are HO Hirt and OG Crawford. They left their then company and started their own insurance company.
In just 20 days, there were successful in convincing 90 Stockholders to invest huge money and that too using a handwritten business plan. They could raise $31000 and began their Auto Insurance Company
Hirt and Crawford could get a license for the Erie Insurance Exchange as an Automobile Insurer. They began operations in the month of April in 1925.
Erie Insurance created a different type of auto policy in 1934 named that as “Super Standard Auto Policy,” that was used as a model for other insurance companies across the country. This policy included extra coverage which was not seen in other policies during the 1930s such as “Drive Other Car” coverage and waiving collision deductibles between two ERIE-insured vehicles. EI later expanded into a home, business, and life insurance Company.
Notable dates in company history:
| Year | Event |
|---|---|
| 1925 | Erie Insurance opens for business |
| 1928 | The company opens its first office outside Erie, Pa., in Pittsburgh |
| 1940 | Fire insurance becomes available |
| 1943 | Comprehensive Liability Coverage becomes available |
| 1953 | The company opens its first branch outside of Pennsylvania in Silver Spring, Md. |
| 1961 | Introduction of Pioneer HomeProtector program |
| 1963 | Introduction of Pioneer Business Protector Policy |
| 1967 | The Erie Family Life Insurance Company is founded |
| 1995 | Erie Insurance is listed on NASDAQ as “ERIE” |
| 2003 | The company is listed on the Fortune 500 list |
| 2015 | Erie Insurance opens Technical Learning Center |
Most of the Data in this listing has been collected from Wikipedia.
Below Data from their Website:
- The ERIE Difference
- Our History
- Awards and Rankings
- Careers
- News Room
- Investor Relations
- Blog
- The Giving Network
- Become an ERIE Agent