Latest news with #TimNeCastro
Yahoo
5 days ago
- Business
- Yahoo
Erie Insurance moves up on Fortune 500's list of America's largest corporations
(WJET/WFXP) — One local company is climbing the ladder on a nationwide list. On Tuesday, June 3, Erie Insurance (ERIE) announced that it ranked 323 on the 2025 Fortune 500 list, moving up over 20 spots from the previous year. North East Marina business owners raise concerns over marina closure Companies are ranked on their total revenues for the fiscal year, with the threshold for making the list being $7.4 billion. President and CEO of ERIE, Tim NeCastro, was thrilled to share this accomplishment. Erie Co. owes over $500,000 after ECGRA audit comes back clean 'It's an honor to be ranked on the Fortune 500 and exciting to be climbing this list of successful and well-respected companies,' said NeCastro. 'When our founders opened the doors of Erie Insurance 100 years ago, I'm not sure they could have imagined that one day their company would be among the largest in the country. I am sure, however, that they would be proud of ERIE's lasting success and unwavering dedication to service.' ERIE originally made its way onto the list in 2003. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
28-04-2025
- Business
- Yahoo
Erie Insurance to ring Nasdaq Opening Bell, celebrating 100 years in business
Times Square, New York City (WJET/WFXP) — Erie Insurance's President and CEO in Times Square this morning to celebrate a big milestone with a special event. Erie Insurance (Nasdaq: ERIE) is celebrating its 100th year in business and 30th year as a Nasdaq-listed company. At 9:30 this morning at the Nasdaq MarketSite in Times Square, New York City, Erie Insurance President and CEO Tim NeCastro will have the honor of ringing the Nasdaq Stock Market Opening Bell. The event kicks off at 9:15 and runs until the Opening Bell rings and the stock market opens at 9:30. You can watch the Nasdaq Stock Market opening live from 9:15 to 9:30 by clicking here. Erie Indemnity Company, the management company of Erie Insurance, celebrated its 100th year in business on April 20. Over the past two years, Erie Insurance has planted 100 shade trees along East 5th and 6th Streets between French and Parade Streets to mark the centennial milestone here in Erie. Since 1925, the company has committed itself to service, with the founder, H.O. Hirt, raising the letters 'ERIE' out of the word sERvIcE as a reminder to its agents, employees, and policyholders of the company's commitment. To this day, the company still holds to its original tagline, Above All in Service. According to the company, its 14,000 local agents and 6,800 employees all live by the Golden Rule — treating people the same way they'd like to be treated. Erie Insurance has grown to become a Fortune 500 company conducting business across 12 states and the District of Columbia, as the nation's 12th-largest homeowners insurer, 13th-largest automobile insurer, and 13th-largest commercial lines insurer. It took the company 60 years to reach its first million policies, and only three years to grow from six to seven million policies, reaching nearly $12 billion in premium in 2024. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
