Workers expect their defined contribution plans to play a greater role in their retirement income than annuities.
Business Editors/Insurance Writers
BEVERLY, Mass.--(BUSINESS WIRE)--November 3, 2008--Electric Insurance Company, a national provider of auto, homeowners, condominium, and renters insurance, announced today that it has appointed Affiliated Insurance Service Corporation, a full service personal lines insurance agency, as an independent agent for the marketing of its personal lines insurance products to the greater Philadelphia and Delaware Valley markets. The agency became licensed to distribute these products as of September 11, 2008.
“Electric Insurance is pleased that Affiliated Insurance Service Corporation will be representing our select group of independent agents in PA,” said Michael Mucher, Vice President, Sales and Marketing, Electric Insurance. “Their vast experience in insurance brings value to our growing list of regionally-known independent agents while allowing us to expand our geographic coverage.”
Affiliated Insurance Service Corporation consists of five agencies with over 100 years of collective experience. All personal lines business is centralized in into one location in Conshohocken, PA office. Other offices are located in Chadds Ford, Spring Hill, Wayne, and St. David’s, PA, which allows them to bring more personalized service to their customers. Affiliated Insurance also provides insurance solutions for individuals and families in the Delaware Valley through its local office.
“Affiliated Insurance Service Corporation was looking for a company that would be able to provide excellent value, comprehensive personal lines coverage, and outstanding claims management service,” said Dennis A. Tosto, Agency Manager, Affiliated Insurance Service Corporation. “Electric Insurance is the company to fulfill those needs for our customers.”
About Electric Insurance Company
Electric Insurance Company is a national, leading provider of personal lines insurance products offered at competitive rates and with outstanding customer service. The company has been serving consumers for 42 years, and has credit ratings of “A (Excellent)” from A.M. Best and “A/Strong” from Standard & Poor’s. 98% of Electric Insurance Company’s policyholders, who responded to the company’s 2007 claims satisfaction survey said they’d renew their policy with Electric Insurance Company based on their claim experience. Electric Insurance’s products are available to general consumers, and to GE employees, retirees, and their family and friends through the company’s Customer Contact Center at 1-800-342-5342, website www.electricinsurance.com, and through select independent agents.