ERIE, Pa., March 31, 2011 /PRNewswire/ -- Erie Insurance announced a $50,000 donation to the American Red Cross to assist with disaster relief efforts for victims of the devastating earthquake and tsunami in Japan.
"As an insurer, we know the great need that accompanies catastrophe," said president & CEO Terry Cavanaugh. "Our sympathies go out to our neighbors across the globe affected by this terrible tragedy. We hope our contribution, joined with the worldwide outreach, will help rebuild lives and restore communities."
"In the wake of a disaster of this magnitude, the support of a corporate partner like Erie Insurance is critically important," said Red Cross Regional Executive Director Pam Masi. "We're grateful for the generosity of ERIE employees and agents, and their consistent support of the Red Cross."
Since 2000, Erie Insurance has partnered with the American Red Cross through the Erie Insurance Serving Together Volunteer Network. Serving Together is a companywide initiative that provides an opportunity for Erie Insurance volunteers to partner with American Red Cross chapters to help people in times of need and to assist in disaster preparedness education. For more information about Erie Insurance, please visit www.erieinsurance.com.
According to A.M. Best Company, Erie Insurance Group, based in Erie, Pennsylvania, is the 13th largest automobile and homeowners 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 is proud to be named a J.D. Power and Associates' 2011 Customer Service Champion and is only one of 40 companies so named in the U.S. 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).
SOURCE Erie Insurance