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Erie Insurance Exchange began in 1925 when two salesman for the Pennsylvania Indemnity Exchange, H.O. Hirt and O.G. Crawford, left to create their own insurance company.. In three months and 20 days, the two convinced 90 stockholders to invest using a hand-written business plan, raising $31,000 to begin their own auto insurance compa
Reciprocal inter-insurance exchange. A reciprocal inter-insurance exchange or simply a reciprocal in the United States is an unincorporated association in which subscribers exchange insurance policies to pool and spread risk. For consumers, reciprocal exchanges often offer similar policies to those offered by a stock company or a mutual ...
Safeco. Safeco sells both home and renters insurance, but it lacks the perks of many of the top-tier providers. That’s why it falls in the bottom three renters insurance providers and ranks well ...
In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...
Erie Insurance first made Fortune 500 list in 2003. Since then, it's made the list each year but one. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290 ...
Erie Insurance is pledging $1 million toward that effort, said NeCastro, who serves, along with his wife Lisa, as co-chair of the United Way fundraising campaign. The company was expected to ...
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