Erie Insurance Group News

Erie Insurance Seeks Approval for Drone Use

Erie Insurance Group recently filed a petition with the U.S. Department of Transportation seeking permission for commercial operations of small unmanned drone aircraft. The Erie, Pennsylvania-based insurer said in its Nov. 14 filing that the company seeks to use the …

Erie Insurance Group Enters Kentucky Market

Erie Insurance Group has begun to offer its products in the Kentucky market. The Erie, Pennsylvania-based insurer said its entry into Kentucky marks its first geographic expansion in more than 10 years. Erie Insurance said it now has operations in …

Erie Indemnity Reports $163M Income for Full-Year 2013

Erie Indemnity Company, the management company for Erie Insurance, reported $36 million net income for its 2013 fourth quarter, up 20 percent from $30 million reported during the prior-year fourth quarter. The full-year 2013 net income was $163 million, up …

Erie Indemnity Posts $160M Profit for Full-Year 2012

Erie Indemnity Company, the managing company for Erie Insurance, posted 2012 fourth-quarter earnings of $30 million, up 15 percent from earnings of $26 million in the fourth quarter of 2011. Operating income was $29 million in the fourth quarter, up …

Md. Consumers Receive $2M in Restitution From Erie Insurance Companies

Regulators said Maryland consumers received nearly $2 million in refunded premium and interest payments — after an investigation by the Maryland Insurance Administration discovered that two Erie insurance companies did not provide a notice of premium increase to some policyholders …

States Ranked Highest, Lowest for Teen Driver Deaths

Wyoming, Montana, Mississippi, West Virginia, Arkansas and Alabama have the highest death rates when teens are driving, while the District of Columbia, New York, Rhode Island, Massachusetts and New Jersey have the lowest rate of deaths involving teen drivers. That’s …

Erie Insurance in Pennsylvania Announces New Appointments, Promotions

Erie Insurance Group, the 20th largest P/C insurer in the country based on total lines net premium written, announced several officer appointments and promotions. Andrew Erman has been appointed as vice president and chief life actuary. He will oversee actuarial …

Erie Indemnity Posts $47M Q3 Profit, Down 13% From Last Year

Erie Indemnity, the managing company for Erie Insurance Group’s reciprocal insurance company, reported $47 million third-quarter profit. Profit is down 13 percent compared to one year ago. The third-quarter 2010 net income result included $7 million related to the operations …