Erie Insurance has once again earned its way on to the Fortune 500.
In an economic climate where entire industries, yet alone companies, are struggling to simply “maintain”, Erie Insurance is thriving. Erie Insurance actually improved upon last year’s ranking by 23 Positions. This regional carrier (operating in only 11 States and the District of Columbia), is unlike most companies in their peer group (Insurance).
While most Insurance Carriers have chosen to use a distribution model that places a primary focus on selling insurance via the Internet (or a combination of Internet and Direct Agency Force). Erie Insurance, on the other hand, has a strong commitment to a distribution model that relies only on it Independent Agency Force. Erie Insurance believes that this is the most effective manner for people to purchase their insurance.
Erie Insurance has a goal to be “Above All In Service”. Through its knowledgeable agency force, and home office support, and attention to maintaining a strong balance sheet…Erie Insurance is a model for the adage of “slow & steady wins the race”.