History of Erie Insurance Group in Timeline

Erie Insurance Group, headquartered in Erie, Pennsylvania, is a property and casualty insurance company providing auto, home, business, and life insurance via independent agents. It holds a prominent position on the Fortune 500 list, ranking 347th as of 2021, based on its 2020 fiscal year revenue. The company operates primarily in the insurance sector, offering a diverse range of coverage options.

April 20, 1925: License issued to Erie Insurance Exchange

On April 20, 1925, the Pennsylvania Insurance Department issued a license to the Erie Insurance Exchange as an automobile insurer. Erie Insurance Exchange was formed as a reciprocal and Erie Indemnity Company was formed as its managing company. The annual premium charge per auto was $34.

1925: Erie Insurance Exchange Creation

In 1925, H.O. Hirt and O.G. Crawford created Erie Insurance Exchange after raising $31,000 from 90 stockholders.

1928: Expansion into Pittsburgh

In 1928, Erie Insurance expanded its office from Erie into Pittsburgh, Pennsylvania.

1934: "Super Standard Auto Policy" created

In 1934, Erie Insurance created the "Super Standard Auto Policy", featuring extra coverage like "Drive Other Car" and waiving collision deductibles between ERIE-insured vehicles.

1953: Branch campus opened in Silver Spring, Maryland

In 1953, Erie Insurance opened a branch campus in Silver Spring, Maryland, expanding its footprint outside of Pennsylvania.

1991: Ward's 50 list

Since 1991, Erie Insurance Group has been consistently named to Ward's 50 top-performing property-casualty insurers.

2003: Debut on Fortune 500 list

In 2003, Erie Insurance made its debut on the Fortune 500 list.

2005: Corporate mark update

In 2005, Erie Insurance updated its corporate mark, which includes the company's name with a graphic of the cupola from the H.O. Hirt Building.

May 2012: Naming rights purchased for Tullio Arena

In May 2012, Erie Insurance purchased the naming rights to Tullio Arena, which was then renamed Erie Insurance Arena.

February 2013: Commitment to independent agencies reaffirmed

In a February 2013 interview with the Erie Times-News, CEO Terry Cavanaugh reaffirmed Erie Insurance's commitment to its distribution channel of independent agencies.

2013: Top insurance company award

Since 2013, Black EOE Journal and Hispanic Network Magazine have awarded Erie Insurance the top insurance company.

2017: ACE Award earned

In 2017, Erie Insurance earned the ACE (Achievement in Customer Excellence) Award in the Voice of the Customer category for claims service for the second consecutive year.