Where are you most likely to hit a deer while driving along, minding you own business:
#1 – West Virginia
#2 – Pennsylvania. Your risk level is HIGH, 1/71. We are the 42nd most expensive state for car insurance. State Farm, Erie and Allstate are the top three providers. Frankly, I was surprised it wasn’t number ONE!
To read the article and see the top 20, click here –
Terry Cavanaugh doesn’t see much mystery in the factors that shaped Erie Indemnity Co.’s $43 million profit in the second quarter.
Cavanaugh, the company’s chief executive, said that profit — down 17 percent from the same quarter in 2011 — was boosted by strong management fee revenues but held back by higher operating expenses and lower investment income.
Erie County’s third-largest employer will likely do what it can to address sagging investment income, which fell 64 percent from $17 million to $6 million.