(Erie, Pa.) October 6, 2010 - The National Association of Professional Insurance Agents (PIA) named Erie Insurance the recipient of its prestigious 2010 Company Award of Excellence at a ceremony held in conjunction with their Board of Directors meeting in Traverse City, Mich. on October 2, 2010. Annually, the PIA National Company Award of Excellence honors a company for its commitment to independent agents and creating a better business environment.
"Since the company's beginnings in 1925, ERIE has remained dedicated to its independent agents," said Terrence W. Cavanaugh, president and chief executive officer. "It's a tremendous honor to be recognized nationally by agents for our commitment to the independent agency model. Independent agents, like consumers, have many options when it comes to insurance carriers and the relationship we have with them is critical. It's my pleasure to accept this recognition on their behalf."
"Erie Insurance is an industry leader that is committed to excellence - and achieving such through independent agents," said PIA National President Jon D. Spalding. "In addition, Erie Insurance has been working with us as a member of The PIA Partnership to further improve the working relationship between carriers and agents."
"Erie Insurance remains dedicated to excellence in operating to the standards of its company motto, which is to provide policyholders with as near perfection protection, as near perfect service as is humanly possible and to do so at the lowest possible cost," said PIA of Indiana President Larry Mayfield.
To be eligible for the Company Award of Excellence, a company must first receive a state-level award of excellence based on a nomination by an agent and PIA member. ERIE received this recognition in June from PIA-Indiana.
According to A.M. Best Company, Erie Insurance Group, based in Erie, Pennsylvania, is the 13th largest automobile insurer in the United States based on direct premiums written and the 19th largest property/casualty insurer in the United States based on total lines net premium written. The Group, rated A+ (Superior) by A.M. Best Company, has over 4.2 million policies in force and operates in 11 states and the District of Columbia. Erie Insurance Group ranks 484 on the FORTUNE 500.
Erie Insurance earned J.D. Power and Associates' award for "Highest in Customer Satisfaction with the Auto Insurance Shopping Experience." This recognition is based on the results of the 2010 Insurance Shopping Study, which evaluates the experience of customers purchasing a new auto insurance policy. Erie Insurance has also been recognized on the list of Ward's 50 Group of top performing insurance companies. The Ward's 50 award analyzes the financial performance of 3,000 property and casualty companies and nearly 800 life and health insurance companies and recognizes the top performers for achieving outstanding financial results in safety and consistency over a five-year period (2005-2009).
Megan Euston, Public Relations
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