Cumberland Insurance Group Strongly Supports Professional Insurance Organizations
September 1, 2008
BRIDGETON, NEW JERSEY: Since 1844, The Cumberland Insurance Group has provided property and casualty insurance products and services to a growing regional market. Over our 164 year history, strong relationships with independent community-based, professional insurance agents have always been a key to our success. Our commitment to the independent agency system and to the professional insurance organizations that support our agency partners is stronger today than ever.
“We recognize that our agents are instrumental to our success, and we remain committed to the independent agency system and the insurance associations that support this system,” said Leo T. Hogan, Cumberland Insurance Group CEO and Chairman. “Because independent agents are local residents, the customer interaction that is important to creating confidence and security is easier to achieve. Local agents know the market well and this knowledge helps the Company underwrite efficiently, price the business adequately, and develop long-term relationships with the policyholder.”
“Independent insurance associations provide a support system professional independent agents can rely on for information, education, advocacy, networking, and guidance,” said Steve J. Catranis, Senior Vice President of Marketing. “A united front and an excellent support system are the keys to the independent insurance agents’ well being and success, and in turn to the success of The Cumberland Insurance Group. Despite all of the competition from new distribution outlets such as the Internet and 1-800 insurance companies, the independent agency system has held strong and stands=2 0as proof positive that independent agents bring value to the industry and to their customers.”
The Cumberland Insurance Group is proud to support associations like the Professional Insurance Agents (PIA), Independent Insurance Agents and Brokers (IIAB), and the National Association of Insurance Women (NAIW). This support manifests itself in a number of ways. For example, the Company has been a sponsor of annual statewide conventions held by these organizations for many years, and also continues to support special events like the annual IIAB of New Jersey golf classic which raises money for the Make-A-Wish Foundation. We encourage the participation by Cumberland employees as members and officers in professional insurance associations, and we vigorously support their ongoing educational opportunities.
The Cumberland Insurance Group was established in 1844 and currently serves over 134,000 policyholders in the states of New Jersey, Pennsylvania, Delaware, and Maryland. In 2007, the Company had Total Admitted Assets of $322,267,129 and a Policyholders’ Surplus of $140,387,741. For more information about The Cumberland Insurance Group, please visit www.cumberlandgroup.com.
For more information about this press release, please contact Lee Tofanelli at 856-691-3113.« Back to News