Rating Announcement: Erie Indemnity

August 7, 2007

A.M. Best Co. announced that it has held discussions with senior management of Erie Indemnity Company, regarding the recent announcement that its president and chief executive, Jeffrey A. Ludrof, will be leaving the company due to personal reasons. Best said it “does not anticipate any material near-term change in operations or financial condition of Erie Insurance Group and its P/C members, “due to strong risk-adjusted capitalization derived from its disciplined underwriting approach and favorable business profile, despite challenging recent soft market conditions.”

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Latest Comments

  • August 5, 2008 at 12:11 pm
    Greg Hearn says:
    Jeffrey A. Ludrof needed to go. Erie Insurance is rated by Fight Bad Faith Insurance as not a good company to be with. I took Erie Exchange to small claims court and won seve... read more
  • September 4, 2007 at 2:57 am
    Erie Hostage says:
    Erie has reported high earnings at the expense of the employees. Erie has raised the cost of health ins while lowering coverage 3 years in a row. They have stopped offering c... read more
  • August 9, 2007 at 3:28 am
    Ludrof Victim says:
    No, he probably left instead of getting fired. The new CEO is not a fan of his.
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