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How Can Senior Drivers Get Cheaper Car Insurance Rates

October 10, 2020

Press release content from Accesswire. The AP news staff was not involved in its creation.

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LOS ANGELES, CA / ACCESSWIRE / October 10, 2020 / Compare-autoinsurance.org ( https://compare-autoinsurance.org ) is a top auto insurance brokerage website, providing car insurance quotes online from trustworthy agencies all over the United States. This website offers car insurance info about different coverage types, available discounts, and money-saving tips.

Age is a very influential factor when determining insurance costs. Seniors, like teen drivers, are considered high-risk drivers. But the reasons are different. However, the elderly can still find ways to lower insurance premiums. Follow the next tips:

Take a driving class. Graduating a defensive driving course will help to secure a discount. These classes are don’t cost much and can be offered in-person in a classroom, or you can stream them online. In these driving courses, senior citizens will find out

Erie Insurance Announces Senior Leadership Changes

October 8, 2020

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Press release content from PR Newswire. The AP news staff was not involved in its creation.

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ERIE, Pa., Oct. 8, 2020 /PRNewswire/ — Erie Insurance (NASDAQ: ERIE) today announced a series of senior leadership changes within the Claims, Sales & Products and Information Technology divisions.

The organizational changes are in conjunction with the January 2021 retirement of Chris Zimmer, senior vice president, Claims. Zimmer has been with Erie Insurance for 29 years in a variety of leadership roles.

Cody Cook will succeed Zimmer in the role of senior vice president, Claims. Cook has been ERIE’s senior vice president, Personal Products, since 2017. He previously served as vice president, Private Passenger Auto, for seven years. He started at ERIE in 2003 as an actuary and was promoted to supervisor of the Pricing and Modeling section in 2009.

Ruben Fechner will become senior vice president, Personal Products. Fechner

Everest Re Subsidiary Offers of $1 Billion Senior Notes

October 6, 2020

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Everest Re Group Ltd.’s RE wholly-owned subsidiary, Everest Reinsurance Holdings, Inc. announced the pricing of $1 billion aggregate principal amount of senior unsecured notes. The notes carry an interest rate of 3.500% and are scheduled to mature in 2050.

The company aims to deploy the net proceeds for general corporate purposes.

The company issued senior notes amid a low interest rate environment to get hold of more funds and enhance financial flexibility without affecting its liquidity. As of Jun 30, 2020, cash balance increased about 45.2% to $1.8 billion from 2019 end level.

By capitalizing on the low interest rate environment, the company is also attempting to reduce its interest burden, thus facilitating margin expansion. Also, the company’s operational strength should enable it to service debt uninterruptedly, thereby maintaining the stock’s creditworthiness.

As of Jun 30, 2020, total debt of the company was about $621 million, which decreased 2.1% from

AXIS Insurance Expands Management Liability Team With Four Senior Underwriting Hires

October 1, 2020

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AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE:AXS), today announced the hiring of four experienced underwriters to its U.S. Management Liability team. Christina Segreti, Drew Kushnick, Matthew Holzinger and Sherry Alexakis have joined AXIS as Senior Underwriters to help support the Company’s profitable growth in the Management Liability market.

“The growth and evolution of our Management Liability team is in response to increased demand in the market and our desire to continually enhance our underwriting capabilities to reflect the changing needs of our brokers and clients,” said Mark Paccione, Head of Commercial Management Solutions at AXIS Insurance. “Christina, Drew, Matthew and Sherry are all experienced Management Liability underwriters who will help us develop propositions that address the challenges and threats faced by businesses and their executives. I am excited to work with them and for our team to benefit from

Church Pension Group Appoints Christopher R. Rourke Senior Vice President and General Manager of the Church Insurance Companies

September 28, 2020

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Will Oversee Property and Liability Insurer to The Episcopal Church

The Church Pension Group (CPG), a financial services organization that serves The Episcopal Church, today announced the appointment of Christopher R. Rourke as Senior Vice President and General Manager of The Church Insurance Companies (CIC). In this role, he will be responsible for the management and oversight of CIC, which provides property and liability coverage for Episcopal Church institutions. He will report directly to CPG’s Executive Vice President and Chief Operating Officer, Frank Armstrong, and will be based in Bennington, Vermont.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200928005541/en/

The Church Pension Group, a financial services organization that serves The Episcopal Church, today announced the appointment of Christopher R. Rourke as Senior Vice President and General Manager of The Church Insurance Companies. (Photo: Business Wire)

“I am pleased to announce Chris’s appointment to lead The Church Insurance

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