History of Erie Insurance Group in Timeline

Erie Insurance Group, headquartered in Erie, Pennsylvania, is a property and casualty insurance company. It provides auto, home, business, and life insurance products via a network of independent agents. The company was ranked 347th on the 2021 Fortune 500 list based on its 2020 fiscal year revenue.

April 20, 1925: Erie Insurance Exchange begins operations

On April 20, 1925, the Pennsylvania Insurance Department issued a license to the Erie Insurance Exchange as an automobile insurer, and Erie Insurance Exchange began operations. 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: H.O. Hirt and O.G. Crawford create Erie Insurance Exchange

In 1925, H.O. Hirt and O.G. Crawford, left Pennsylvania Indemnity Exchange to create Erie Insurance Exchange, raising $31,000 from 90 stockholders.

1928: Erie Insurance expands into Pittsburgh

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

1934: Erie Insurance created the "Super Standard Auto Policy"

In 1934, Erie Insurance created the "Super Standard Auto Policy," which included extra coverage not seen in other policies during the 1930s such as "Drive Other Car" coverage and waiving collision deductibles between two ERIE-insured vehicles.

1953: Erie Insurance opens branch campus in Silver Spring, Maryland

In 1953, Erie Insurance expanded outside of Pennsylvania and opened a branch campus in Silver Spring, Maryland.

1991: Erie Insurance has made the Ward's 50 list since 1991

Since 1991, Erie Insurance has made the Ward's 50 list of top-performing property-casualty insurers.

2003: Erie Insurance debuts on Fortune 500 list

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

2005: Erie Insurance corporate mark updated

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: Erie Insurance purchases naming rights to Tullio Arena

In May 2012, Erie Insurance purchased the naming rights to Tullio Arena in downtown Erie, Pa. The arena was subsequently renamed Erie Insurance Arena.

February 2013: CEO reaffirms commitment to independent agencies

In a February 2013 interview with the Erie Times-News, CEO Terry Cavanaugh reaffirmed Erie Insurance's commitment to its distribution channel of more than 2,200 independent agencies while acknowledging the importance of also enabling customers to pay bills and file claims online.

2013: Erie Insurance awarded top insurance company

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

2017: Erie Insurance earns ACE Award for claims service

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.

2017: Erie Insurance receives perfect score on Corporate Equality Index

In 2017, Erie Insurance received a perfect score of 100 percent on the 2017 Corporate Equality Index, a national benchmark on corporate policies and practices related to LGBT workplace equality.

2018: Erie Insurance becomes Erie County's largest employer

In 2018, Erie Insurance became Erie County, Pennsylvania's largest employer with more than 2,800 employees locally.

2018: Erie Insurance sponsors Roar on the Shore motorcycle rally

In 2018, Erie Insurance became the title sponsor of Roar on the Shore motorcycle rally, which is no longer running.

2018: Erie Insurance Group named to Ward's 50

In the year 2018, Erie Insurance Group was named to Ward's 50 top-performing property-casualty insurers. Erie Insurance Group has also earned A.M. Best's rating of A+ (Superior). Erie Family Life Insurance Company has earned A.M. Best's rating of A (Excellent).

February 2020: Forbes recognizes Erie Insurance as one of the best employers for diversity

In February 2020, Forbes recognized Erie Insurance as one of the best employers for diversity.

2020: Erie Insurance Group revenue for 2020 fiscal year

In 2020, Erie Insurance Group's total revenue was used to rank the company on the 2021 Fortune 500 list.

2021: Erie Insurance Group ranked on Fortune 500 list

In 2021, Erie Insurance Group was ranked 347th on the 2021 Fortune 500 list of largest American corporations, based on total revenue for the 2020 fiscal year.