Penn National Insurance Company

    commercial property/casualty insurance

     

    Headquarters: 2 N. 2nd St., Harrisburg, PA 17101
    www.pennnationalinsurance.com

    2009 Direct premiums written: $512 million

    Key officers: Dennis C. Rowe, Chairman of the Board, Kenneth R. Shutts, President & Chief Executive Officer

    Although its headquarters is still located in the same town as its founding, Penn National has grown quite a bit since its creation. The mutual insurance company offers personal and commercial property/casualty insurance products to Pennsylvania, Maryland, Delaware, New Jersey, Virginia, North Carolina, South Carolina, Tennessee, and Alabama. It also offers surety services that write fidelity, commercial, and contract bonds.

    Some quick facts about Penn National Insurance:

    A Pennsylvania farmer’s association founded the company in 1919 as the Pennsylvania Threshermen’s and Farmer’s Mutual Casualty Company. The company switched its name when its focus shifted from agri-business to general industry in the coming decades.

    Penn National Insurance is #102 out of 1,000 property/casualty insurance organization in the country in regards to financials. It has total assets that exceed $1.3 billion and over $500 million in premium writings.

    A.M. Best awarded the company with an “A-” rating for financial strength in 2009.

    Source: Pennnationalinsurance.com, Hoovers.com

    Compiled by Life Quotes, Inc. staff

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Copyright ©1984-2012 Life Quotes, Inc., 8205 South Cass Avenue, Suite 102, Darien, Illinois. Life Quotes, Inc. and certain of its personnel are licensed as insurance agents, brokers or producers in all states. CA agent #0A13858, LA agent #200696, MA agent #333509159. dba Life Quotes Insurance Services in CA under agent #0827712, in LA under agent #205078. dba Life Quotes Insurance Services, Inc. in UT under agent #90093. All rights reserved. Telephone (630) 515-0170. Founded 1984.