Philadelphia Insurance Co. is headquartered in Bala Cynwyd, PA, and is a member of the Tokyo Marine Group, Japan’s oldest and leading Property/Casualty insurer and one of the 10 largest insurance groups in the world. 1 Rated “A++” (Superior) by the A.M. Best Company Since 2012, the Better Business Bureau rated “A+” (Highest) rating based on the low number of complaints PHLY’s customer service team has earned 9 Stevie Awards since 2012 for Customer Service Has a 94.5% overall customer service satisfaction Winner of 2017 Ace Award for Judges’ Choice Award for Business Impact which recognizes companies that exhibit exceptional results from their customer experience program Founded by James J. Maguire, Sr. originally as the Maguire Insurance Agency, it began operating as the Philadelphia Ins. Co. in 1987 and two years later started offering insurance to non-profit social service agencies and health and fitness clubs – two niches which remain at the core of its business today. Philadelphia Insurance Co. offers appetites that are new to MIBS expanding your ability to write new commercial business. Below is a sample of [...]

Across the industry, personal lines auto insurers are increasing their premiums.  Consumers are feeling the pain of these increased premiums, even if they have a claims free history.  Why? Both Safeco and Travelers provided the following reasons: In 2015, the U.S. set a new car sales record of nearly 17.5 million vehicles in 2015 and these newer vehicles with their advanced technology are more expensive to repair. 1 There was a 3.5% increase in total miles driven in 2015 resulting in a larger number of car accidents. 2015 brought the largest single-year increase in driving related deaths since 1966. Per Travelers, we are on track for a two year increase of 18%. 3 Because of medical inflation and increasing claim complexity, injury costs are rising by 5 to 6 percent. 4 Distracted driving is increasing. According to the National Highway Traffic and Safety Administration, fewer people are talking while driving, but more are texting and surfing the web. 5 The average 10-Year U.S. Treasury Bond has yielded 2.6% since 2008, but is now a paltry 1.7% as of May 2016. Insurance companies reinvest their profits in bond markets so [...]