Erie, Pa. (Aug. 11, 2015) – For the second year in a row, Erie Indemnity Company topped the list of mid-cap companies on Forbes Magazine’s ranking of America’s 50 Most Trustworthy Financial Companies.
“Our customers – and all consumers – want to know that their insurance company will be responsive to their needs and financially strong enough to pay their claims,” said Terry Cavanaugh, president and CEO of Erie Insurance. “Being named to this list affirms that our customers can truly depend on us when they need us most.”
The list is based on accounting and governance behaviors gathered by MSCI ESG Research. More than 700 publicly-traded North American companies were assessed on factors including high-risk events, revenue and expense recognition methods, SEC actions and bankruptcy risk.
According to A.M. Best Company, Erie Insurance Group, based in Erie, Pennsylvania, is the 11th largest homeowners insurer and 12th largest automobile insurer in the United States based on direct premiums written and the 16th 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 more than 5 million policies in force and operates in 12 states and the District of Columbia. Erie Insurance Group is a FORTUNE 500 company, a Barron’s 500 company and has been recognized by Forbes as one of America's 50 Most Trustworthy Financial Companies.
News releases and more information about Erie Insurance Group are available at www.erieinsurance.com.