Author: admin

BRIDGETON, NJ: The Cumberland Insurance Group has once again been recognized as a Super Regional Insurance Company by the prestigious industry magazine Insurance Journal. The complete listing of 165 companies appears in the May 17 edition of the magazine.

A number of property/casualty insurers call themselves Super Regionals as a way to differentiate their company in the marketplace. However, until 2007, there was no industry-wide, objective definition of a Super Regional. To spur industry discussion on the subject and to give definition to this important group of insurers, Insurance Journal called upon their official research partner, Demotech Inc., to conduct the necessary research in order to develop an objective list.

According to Demotech President Joseph Petrelli, “Insurance Journal came to us with the idea of establishing objective financial standards for stratifying property/casualty carriers. We saw this as an opportunity to bring definition to the Super Regional term and to recognize these insurers for their achievements.”

In outlining the reasons for selecting Cumberland Insurance, Demotech found that “The Cumberland Insurance Group has successfully competed against national and international insurance companies and forged a significant and well-respected presence in the marketplace they serve.”

Criteria used by Demotech included the following:

• Active, individual companies not in regulatory supervision as of December 31, 2009.
• Companies reporting data to the NAIC using the property/casualty annual and quarterly
  statement format.
• Companies with more than $1 million of direct written premiums in each of two to 34 states as of December 31, 2009.
• Companies with less than 90% of their direct written premiums in any one state as of
  December 31, 2009.
• Companies with less that 90% of their direct written premiums in any one line of business as of December 31, 2009.
• Companies with at least $100 million of surplus as of December 31, 2009.
• Companies with net written premiums of a least $50 million as of December 31, 2009.
• Companies with direct written premiums of a least $25 million as of December 31, 2009 and greater than $0 at September 30, of 2009.

“The Super Regional list compiled by Demotech and the Insurance Journal is an impressive group of companies who we are proud to be associated with,” said Cumberland Insurance Group President and CEO Paul J. Ritter, III. “For 166 years, Cumberland Insurance has demonstrated resolve and resiliency through challenging economic cycles, maintained financial ratings which place the company among the top performing property-casualty insurance carriers in the United States, and adhered to the basic principle of high-quality personalized service for our policyholders and agency partners.”

“We are very proud of what we have achieved, and are pleased that our hard work has not gone unnoticed among our peers. This prestigious industry recognition further solidifies the Company’s position as a leading insurance carrier, and most importantly, provides our agents with independent substantiation of the Company’s financial strength,” concluded Ritter.

The Cumberland Insurance Group currently serves 120,000 policyholders in the states of New Jersey, Pennsylvania, Delaware, and Maryland. In 2009, the Company had Total Admitted Assets of $323,285,582 and a Policyholders’ Surplus of $133,442,366. For more information about The Cumberland Insurance Group or to find an independent agent near you, please visit www.cumberlandgroup.com.

BRIDGETON, NJ: The Board of Directors of The Cumberland Insurance Group announced today that Paul J. Ritter, III, ESQ. has been named the new President and CEO of the Company. The appointment follows the retirement of current President and CEO Robert P. Brady after 33 years of service. Mr. Brady will continue to serve on the Company’s Board of Directors.

“Paul Ritter is ready, willing, and able to assume the leadership of The Cumberland Insurance Group,” said Board Chairman Leo T. Hogan. “He is a consummate professional with a long track record of making sound business decisions and successful team building. He has already demonstrated his grasp of the business challenges and his ability to get things done. As President and CEO, Paul will effectively guide the Company through the ongoing challenges presented by the national economy, ensuring Cumberland Insurance continues to be a well-capitalized company whose surplus exceeds its written premiums and who has the financial strength to aggressively compete for new business.”

“I also want to recognize my good friend Bob Brady for all he has given the Company,” Hogan continued. “His leadership has been a big part of the Company’s growth and operational success over the last 10 years. These skills, the business relationships he has formed over the years, and his deep understanding of the insurance industry helped the Company to grow and expand its regional market position. I am very pleased that he will continue to serve on the Board.”

Paul J. Ritter, III, Esq. graduated from the University of Notre Dame in 1983 with a Bachelor’s Degree in Accounting and received his law degree from Widener University in 1987. In 2009, Mr. Ritter completed the prestigious Insurance Executive Development Program at The Wharton School of the University of Pennsylvania. He joined The Cumberland Insurance Group in 1999 as the Assistant Secretary to the Board of Directors. Prior to joining Cumberland Insurance, Mr. Ritter served as Senior Vice President, CFO, and Corporate Secretary for the Farmers and Merchants National Bank in Bridgeton; and as an attorney for the law firm of Chance and McCann, LLC in Bridgeton.

Mr. Ritter is an Adjunct Professor of Business Law at Cumberland County College, and is also active in the community serving as the Deputy Mayor of Hopewell Township, New Jersey and as a member of the Hopewell Township Planning Board. He is also currently a member of the Cumberland County Historical Society Board of Trustees, the Bridgeton Area Chamber of Commerce, the Cumberland Development Corporation, and the Bridgeton Rotary Club. He is the former Vice Chairman of the Hopewell Township Zoning Board of Adjustment and former Treasurer and member of the Cumberland County Guidance Center Board of Trustees.

“I want to thank the Board for their confidence in me,” Ritter said. “I have big shoes to fill in taking over as President and CEO from such an accomplished professional as Bob Brady, but I look forward to the challenge. As we chart a course through these complex insurance market conditions, our goal remains achieving operational excellence in product innovation, underwriting, claims management, and distribution in order to strengthen our market position and provide the highest level of customer satisfaction.”

“My congratulations and best wishes go out to Paul,” Robert Brady said. “He has been an integral member of our leadership team for several years and has made many significant contributions to our ongoing success. I have enjoyed everyone of my 33 years working with the entire Cumberland family, but it is time for me to step away from the day to day operations. I wish everyone the best and look forward to continuing my service on the Board of Directors.”

The Cumberland Insurance Group currently serves 120,000 policyholders in the states of New Jersey, Pennsylvania, Delaware, and Maryland. In 2009, the Company had Total Admitted Assets of $323,285,582 and a Policyholders’ Surplus of $133,442,366. For more information about The Cumberland Insurance Group or to find an independent agent near you, please visit www.cumberlandgroup.com.

David Raczenbek

Michael Roche

BRIDGETON, NJ: The Cumberland Insurance Group, which serves 120,000 policyholders in the states of New Jersey, Pennsylvania, Delaware, and Maryland, proudly announces the appointments of Michael J. Roche, AAI as Personal Lines Manager and David Raczenbek as Staff Attorney. Both will be based at the Cumberland Insurance home office in Bridgeton, New Jersey.

“We are very excited to announce that these two very talented individuals have joined our management team,” said Cumberland Insurance Group President and CEO Robert P. Brady. “Michael brings valuable industry knowledge and great local market experience, as well as a tremendous commitment to the independent agency system. He will work closely with our agent partners, helping them to meet their clients’ needs and to profitably grow their businesses. David brings leadership skills, practical experience, and a breadth of legal knowledge. As the senior legal officer for The Cumberland Insurance Group, he is responsible for guiding all aspects of our corporate legal functions.”

Before joining The Cumberland Insurance Group, Michael J. Roche, AAI spent 30 years in the agency side of the business with Allied Insurance Services and Bollinger, Inc., both located in Vineland, New Jersey. He received a Bachelor’s Degree in Marketing from Rowan University in 1978, and earned his Accredited Adviser in Insurance (AAI) designation in 1983. Mr. Roche served on the Independent Insurance Agents & Brokers of New Jersey Board of Directors, as the President of the Cumberland/Salem Independent Insurance Agents, and as the President of the Aetna Casualty & Surety Young Agents Association. He also served as the Chairman of the Greater Vineland Chamber of Commerce Board of Directors.

David F. Raczenbek, Esq. was a Partner in the Bridgeton law firm of Casarow, Kienzle & Raczenbek prior to joining The Cumberland Insurance Group. In addition, he spent four years as an Associate in the Washington D.C. firm of Koonz, McKenney & Johnson. Mr. Raczenbek began his career at the Department of Health and Human Services serving as an Assistant to the United States Attorney representing the Social Security Administration before the United States District Court for the Eastern District of Pennsylvania and the Third Circuit Court of Appeals. He received his law degree from the George Washington National Law Center in 1985. He is a member of the Cumberland County Bar Association and the New Jersey Land Title Association, and has served as President of the Bridgeton Main Street Association.

Established in 1844, The Cumberland Insurance Group was recently recognized by Best’s Review magazine as one of only 55 Property and Casualty insurance companies that have maintained an A. M. Best financial strength rating of “A” for at least 50 years. In 2009, the Company had Total Admitted Assets of $323,285,582 and a Policyholders’ Surplus of $133,442,366. For more information about The Cumberland Insurance Group or to find an independent agent near you, please visit www.cumberlandgroup.com.

BRIDGETON, NJ: The Cumberland Insurance Group announced the results of their 2009 philanthropic endeavors, which resulted in thousands of dollars in corporate and employee donations and hundreds of volunteer hours benefiting causes in communities throughout New Jersey, Pennsylvania, Maryland, Ohio, and Delaware.

“At The Cumberland Insurance Group, we believe that we are more than just an insurance company, we believe that we are an integral part and a contributing partner to the places where we live and work,” said Cumberland Insurance Group President and CEO Robert P. Brady. “The communities in which we do business are the lifeblood of our organization, and are where our employees live and raise their families. As such, giving back to the community and its residents is at the very center of our corporate philosophy.”

“Charitable endeavors have taken on additional meaning given the current economic state and the burdens felt by residents and organizations throughout the region,” Brady continued. “It is inspiring to see the continued level of participation among our staff during this time of need. Cumberland employees are doing amazing things to build stronger and more vibrant communities through their participation in Company-sponsored volunteer events, service on the boards of local community organizations, and the utilization of their professional skills and talents.”

During 2009, corporate citizenship initiatives within the community focused on a number of different areas. These included sponsorship of charitable events such as the Independent Insurance Agents and Brokers Golf Classic, and a gala to restore a historic high school stadium and build a new community center; employee fund-raising events and walk-a-thons for cancer and juvenile diabetes; and voluntary contributions from employees for a variety of non-profit organizations. Cumberland also continued its successful college scholarship program, and participated in national career public education programs. In addition, Board members, officers, and staff gave their time and expertise to a variety of civic groups, charitable organizations, faith-based groups, and special events which provided much needed support to the community.

Organizations receiving significant support in 2009 include:

Angel Food Ministries
Make-A-Wish Foundation
American Cancer Society
Susan G. Komen Breast Cancer Foundation
Cumberland County Historical Society
American Diabetes Association
Salvation Army
Bridgeton High School Stadium Restoration Committee
Cumberland County College
Delaware County Community College
Bridgeton Firefighter’s Mutual Benevolent Association
Shelby Help Line Ministries
Bridgeton Save The Library Foundation

According to Executive Vice President Richard M. Ritter, “Cumberland’s dedication to strengthening our communities is a year-round commitment. Our ties to the community give us an in-depth knowledge of the unique needs each faces. So when the local library needs a new roof or an inner-city family won’t have a Christmas because they don’t have the money, our employees find a way to help. In most cases, they do so without much recognition or fanfare. It is important for them to know that the Company backs them in these efforts and is committed to working to ensure that they have the time, the resources, and the energy to give back to the community in a meaningful way.”

“In addition, many potential new employees, especially those who have done community service in high school or college, see company sponsored volunteer programs as a sign of a well-rounded organization, one that values its employees along with the community. By demonstrating our commitment, we create an environment which encourages innovative thinking and empowers employees to make functional decisions at all levels of the Company. This results in motivated individuals willing to help make our communities better places to live and work, which in turn, allows the Company to prosper,” Ritter concluded.

The Cumberland Insurance Group, established in 1844, is celebrating its 166th anniversary and currently serves over 120,000 policyholders in the states of New Jersey, Pennsylvania, Delaware, and Maryland. In 2008, the Company had Total Admitted Assets of $315,595,220 and a Policyholders’ Surplus of $140,166,468. For more information about The Cumberland Insurance Group, or to find an independent agent near you, please visit www.cumberlandgroup.com.

(L-R) Georgia artist Beverly Babb and Cumberland Insurance Group President and CEO Robert P. Brady.

The Minerva sculpture, which is made of steel, is 8 feet high, 14 feet long, and weighs 1,500 pounds.

BRIDGETON, NJ: In February of 1844, a group of Bridgeton, New Jersey area residents met at Potter’s Tavern to launch a new mutual insurance company which would provide fire insurance coverage at the lowest possible cost to farms, private residences, and small businesses located in and around southern New Jersey. The Company came to be symbolized by an early 1800s fire engine called the Minerva. In recognition of this beginning, the Company recently unveiled a full size replica of the Minerva at the main lobby circle of their Shiloh Pike corporate offices.

According to Cumberland Insurance Group President and CEO Robert P. Brady, “The Minerva is a very important part of Cumberland’s history. Organized fire protection in the City of Bridgeton started in 1819. Sometime around 1840, the City’s original volunteer fire brigade was replaced by the Minerva Volunteer Fire Company. These volunteers used a horse drawn hand pumper fire wagon they called the Minerva. After the formation of the Cumberland Mutual Fire Insurance Company, we worked closely with the organized fire brigades in the area. This cooperation ranged from fire inspection services to outright ownership of fire apparatus such as the Minerva.”

“The Minerva Fire Company disbanded sometime in the 1850s, and unfortunately, the original apparatus was lost,” Brady continued. “However, the Minerva continued to live on as it became a part of our Company logo. Early in 2007, the Board of Directors, spearheaded by Chairman Leo Hogan, commissioned the creation of a Minerva sculpture. After a long journey all the way from Carlton, Georgia, the sculpture has finally arrived.”

The 8′ x 14′ x 5′ Minerva sculpture was created by Georgia artist Beverly Babb. The steel sculpture weighs 1,500 pounds and contains over 100 yards of welds. Babb graduated from welding school in 1995, and for several years worked in large welding factories on the West Coast. In 2001, she moved to Carlton where she set up her workshop and began creating her incredible steel sculptures. Since then she has had shows in several galleries, including Galapagos Art Space in New York City, Jittery Joe’s in Athens, Georgia, and Ciné in Athens, Georgia. She won First Place prizes for her sculptures in the 2008 and the 2009 Lyndon House Juried Art Exhibits.

Although the idea of creating a replica of the Minerva had been percolating for a while, the actual project arose out of a chance meeting Leo Hogan had in 2007. “I happened to be on vacation in the same location as Beverly’s parents, Jack and Juliette,” Hogan said. “After spending some time with them, somehow the conversation about Beverly came up. Upon my return from vacation, I passed the information on to our advertising agency, Lee Tofanelli and Associates, Inc., who contacted her and began the process. After speaking with her and presenting some of her work and drawings to the Board, we decided that she would be the perfect person to bring the Minerva back to life.”

“It has been a great experience working on this project,” Babb said. “Once Cumberland decided to proceed with the sculpture, I needed some good photos of what the Minerva looked like. The Company only had one small photo, so after some research, I located a fire engine very similar to the original Minerva at the Fire Museum of Maryland in Lutherville. I visited the Museum and was able to take several photos to guide me in the creative process. I then worked with Tofanelli and Associates on the initial designs which were presented to Cumberland Insurance for review. Once approved, the actual construction took about six months. I actually had to move to a friend’s studio so I would have enough space to complete the finished product. We received plenty of interested looks and some wonderful comments as we moved it on a trailer from Georgia to Bridgeton.”

“With the installation of the sculpture complete, the Minerva will once again proudly stand as a shining monument to Cumberland’s roots, honor the employees who for over 165 years have worked to make Cumberland a success, and pay tribute to the firefighters of today who continue to protect our homes and businesses,” Hogan concluded.

The Cumberland Insurance Group, established in 1844, is celebrating its 165th anniversary and currently serves over 120,000 policyholders in the states of New Jersey, Pennsylvania, Delaware, and Maryland. In 2008, the Company had Total Admitted Assets of $315,595,220 and a Policyholders’ Surplus of $140,166,468. For more information about The Cumberland Insurance Group, or to find an independent agent near you, please visit www.cumberlandgroup.com.

_{(L-R) FMBA Local 52 Treasurer Elvin Beardsworth, Bridgeton Fire Chief David Schoch, Cumberland Insurance Group Controller
Frank Wilson, Bridgeton Battalion Chief Todd Bowen, and FMBA Local 52 Secretary Anthony Brago.}

BRIDGETON, NJ: The Cumberland Insurance Group is proud to support efforts by the Bridgeton Firefighter’s Mutual Benevolent Association (FMBA) Local 52 to restore the city’s antique 1944 Mack Open Cab Fire Engine. Cumberland recently presented a check for $1,000 towards the FMBA’s restoration fund.

According to Bridgeton Fire Department Battalion Chief Todd Bowen, “The Mack’s engine still operates but the vehicle is in need of other mechanical repairs and cosmetic refinishing. Firefighters view antique engines as symbols of tradition, pride, and our own influence on history. Once completed, the Mack will become a familiar sight in the community, being showcased at numerous community events, and serving a historical and educational role for the Department.”

“In 1844, The Cumberland Mutual Fire Insurance Company was established to provide fire insurance coverage to farms, private residences, and small businesses located in and around Bridgeton, New Jersey,” said President and CEO Robert P. Brady. “Since that time, Cumberland has enjoyed a special relationship with the city’s firefighters beginning with the formation of the Minerva Volunteer Fire Company in the 1850s. In fact, the Minerva horse drawn hand pumper fire wagon is still represented today as part of our Company logo. This project holds a special place in our hearts, and we are proud to make this contribution to the FMBA’s restoration fund.”

The Cumberland Insurance Group, established in 1844, is celebrating its 165th anniversary and currently serves over 120,000 policyholders in the states of New Jersey, Pennsylvania, Delaware, and Maryland. In 2008, the Company had Total Admitted Assets of $315,595,220 and a Policyholders’ Surplus of $140,166,468. For more information about The Cumberland Insurance Group, or to find an independent agent near you, please visit www.cumberlandgroup.com.

Cumberland Insurance Group Executive Vice President Richard M. Ritter

Secretary to the Board of Directors, and CFO Paul J Ritter, III

CUMBERLAND COUNTY, NJ: Cumberland Insurance Group Executive Vice President Richard M. Ritter and Senior Vice President, Secretary to the Board of Directors, and CFO Paul J Ritter, III recently completed the prestigious Insurance Executive Development Program (IED) at The Wharton School of Business at the University of Pennsylvania. The IED program, which was developed in conjunction with the American Institute for Chartered Property Casualty Underwriters (AICPCU), is an intense two-week residency course held at the Wharton School’s Steinberg Conference Center on the University of Pennsylvania campus. The Wharton School is recognized internationally for their leadership and ongoing innovation across every major discipline of business education. With alumni in 140 countries, Wharton is renowned for its preparation of business leaders who will confront the complex challenges of our interconnected world.

“Effective leaders should take advantage of every opportunity to learn,” said Cumberland Insurance Group President and CEO Robert P. Brady. “The AICPCU and the Wharton School have developed an executive education program which offers practical lessons about the skills and behaviors executives need in order to be effective leaders. The knowledge Rick and Paul have gained will strengthen our current corporate management team, ensure we continue to operate with a long-term view, and help us maintain stability and security for our policyholders and agency partners.”

Individuals entering the IED program are selected through a nomination process. Participants receive a solid foundation of core business functions combined with real world knowledge from Wharton’s world-class professors, industry experts, and executive level peers. Sessions focus on managerial leadership and professional development in the areas of marketing strategy, strategic finance, shareholder value, managing technology and innovation, implementing strategy, and managing people. In addition, the course features computer-based simulations involving experimentation with the decision-making process, and a full-day strategic visioning workshop that integrates core business learning and professional development.

Richard M. Ritter has 30 years of experience in the insurance industry and previously served for four years as President of The Mutual Fire Insurance Company of Chester County. He oversees underwriting operations at the Bridgeton, New Jersey; Coatesville, Pennsylvania; and Prince Frederick, Maryland offices; and oversees Information Technology operations at the Mansfield, Ohio office. Mr. Ritter also currently serves as Vice Chairman of the Delaware Insurance Guaranty Association. “Even after my many years in the insurance business, the IED Program helped broaden my perspective on

short, medium, and long-range strategic thinking. The practical ideas presented throughout the course provided fresh approaches which will help navigate our Company through the challenging business environment we currently face.”

Paul J. Ritter III, Esq. holds an accounting degree from the University of Notre Dame and a law degree from Widener University. His responsibilities include budgeting and strategic planning, financial reporting, enterprise risk management, and business continuation planning. Mr. Ritter is also an Adjunct Professor of Business Law at Cumberland County College. “The IED program helped clarify for me just how interconnected the business world really is. Of the 29 students in our class, there were insurance executives from Germany, Thailand, and Spain, as well as major U.S. companies like Liberty Mutual and State Farm. The rigorous curriculum was very relevant to today’s business issues and will be an invaluable planning tool as we assess strategies and tactics for the future.”

The Cumberland Insurance Group, established in 1844, is celebrating its 165th anniversary and currently serves over 120,000 policyholders in the states of New Jersey, Pennsylvania, Delaware, and Maryland. In 2008, the Company had Total Admitted Assets of $315,595,220 and a Policyholders’ Surplus of $140,166,468. For more information about The Cumberland Insurance Group, or to find an independent agent near you, please visit www.cumberlandgroup.com.

_{(L-R) “Friends Of The Bridgeton Library” President Ed Stadler; Library Director Gail Robinson; “Save The Library” Chairperson
Sally Garrison; Cumberland Insurance Group Senior Vice President, CFO, and Secretary To The Board Paul Ritter, III, Esq.;
Controller Frank Wilson; and President and CEO Robert Brady.}

BRIDGETON, NJ: A commitment to integrity, a dedication to customer service, and a desire to take an active role in the community defines the men and women of The Cumberland Insurance Group. From promoting educational opportunities to looking for ways to minimize the Company’s environmental impact, we strive to enhance the health, welfare, and quality of life of our employees and the communities we serve.

Most recently, The Cumberland Insurance Group was pleased to support fund-raising efforts to save the Bridgeton Public Library. The Company recently donated $1,000 to help with the repair of the Library’s leaky roof.

“As a Company, we are committed to living and working every day as a proud member of the community,” said Cumberland Insurance Group President and CEO Robert P. Brady. “The Bridgeton Public Library provides children and adults the opportunity to experience new ideas, explore great minds, and learn about local history, while at the same time providing a sense of place for gathering. It reflects the diversity, character, needs, and expectations of our community, and we are proud to make this investment for the future.”

The Cumberland Insurance Group, established in 1844, is celebrating its 165th anniversary and currently serves over 120,000 policyholders in the states of New Jersey, Pennsylvania, Delaware, and Maryland. In 2008, the Company had Total Admitted Assets of $315,595,220 and a Policyholders’ Surplus of $140,166,468. For more information about The Cumberland Insurance Group, or to find an independent agent near you, please visit www.cumberlandgroup.com.

BRIDGETON, NJ: The Cumberland Insurance Group achieved outstanding levels of customer satisfaction among New Jersey independent insurance agents according to a Professional Insurance Agents (PIA) study published in the October PIA Magazine. In the cumulative Company Performance Survey (CPS) results, Cumberland Insurance scored 165 out of 200, placing them 6th overall in the state, only 11 points from the top spot. The CPS was a cooperative effort of the PIA associations in New Jersey, Connecticut, New Hampshire, and New York.

A record number of 1,226 agents took part in the PIA study which ranked the performance of 77 insurance companies in 20 individual categories from 1 to 10. While The Cumberland Insurance Group placed well in all categories across the board with an average rating of 8.2, their highest rankings were achieved in the following CPS areas: Competitive Compensation, Dedication to the Independent Agency System, Consistent Underwriting, Listens and Responds to Customer Needs, Provides Clear and Honest Communication, and Offers Competitive Pricing. Over 7,000 individual company evaluations were reviewed and processed as part of the data gathering phase.

“Our independent agency partners are critical to ensuring that a policyholder’s first experience with Cumberland Insurance becomes a lasting relationship,” said Robert P. Brady, Cumberland Insurance Group President and CEO. “By delivering products and services that our agents are able to effectively market, and by maintaining quality underwriting and pricing discipline, we are able to achieve positive results for the Company and our agency force.”

“Strong relationships with community-based, professional insurance agents have always been a key to the Company’s success,” said Senior Vice President of Marketing Steve J. Catranis, CPCU. “After all, independent agents are the face of our business. They know firsthand what our customers need and expect from their insurance carrier, and are in touch with the local marketplace they serve. Our goal is to be their market of choice by providing the combination of relationships, competitive products, superior service, and the ease of doing business that they are looking for.”

“Understanding and responding to the needs of our agency partners will continue to drive our future success. As a result, ongoing efforts to develop new products, enhance the delivery of services through technology, and provide training and marketing support will continue to be a part of our business model. The independent findings of the PIA study provide feedback which is important to helping Cumberland Insurance meet the needs of our agents and policyholders in the years to come,” Brady concluded.

The Cumberland Insurance Group, established in 1844, is celebrating its 165th anniversary and currently serves over 120,000 policyholders in the states of New Jersey, Pennsylvania, Delaware, and Maryland. In 2008, the Company had Total Admitted Assets of $315,595,220 and a Policyholders’ Surplus of $140,166,468. For more information about The Cumberland Insurance Group, or to find an independent agent near you, please visit www.cumberlandgroup.com.

CUMBERLAND COUNTY, NEW JERSEY: The Cumberland Insurance Group has been recognized as one of only 55 Property and Casualty insurance companies that have maintained an AM Best financial strength rating of “A” for at least 50 years. The announcement came as part of a cover story in Best’s Review Magazine entitled “Standing The Test Of Time.” AM Best ratings are based on a comprehensive quantitative and qualitative evaluation of a company’s balance sheet strength, operating performance, business profile, and ability to meet its obligations to policyholders.

“We are very pleased to be included in such a select list of companies,” said Cumberland Insurance Group President and CEO Robert P. Brady. “The AM20Best ratings are recognized worldwide as the benchmark for assessing financial strength in the insurance industry. Their opinions represent an independent third-party evaluation that subjects all insurers to the same rigorous criteria. As a result, consumers have a reliable tool to use when evaluating what insurance company to buy from.”

However, it is not just AM Best that has recognized The Cumberland Insurance Group’s performance. In fact, a recent comparative analysis by Standard Analytical Service, Inc. of fifteen leading Property and Casualty companies, The Cumberland Insurance Group outperformed the aggregate average in all categories.

“While many insurance companies are facing financial trouble, The Cumberland Insurance Group remains a well-capitalized company whose surplus exceeds its written premiums, ensuring that we have the financial strength to aggressively compete for new business,” said Paul J. Ritter, III, Senior Vice President, CFO, and Secretary to the Board. “Furthermore, our commitment to Enterprise Risk Management initiatives ensures our safety and soundness during these uncertain financial times.”

“We recognize that our clients frequently have complex insurance needs and yet they desire simple, tailored designs and competitive features. We have been able to meet these needs over the years through a defined vision and sustained results. As we navigate the current market conditions and look to the future, we will continue to deliver the products, services, and technology that make The Cumberland Insurance Group the best solution for our agents and policyholders,” Brady concluded.

The Cumberland Insurance Group, established in 1844, is celebrating its 165th anniversary and currently serves over 120,000 policyholders in the states of New Jersey, Pennsylvania, Delaware, and Maryland. In 2008, the Company had Total Admitted Assets of $315,595,220 and a Policyholders’ Surplus of $140,166,468. For more information about The Cumberland Insurance Group, or to find an independent agent near you, please visit www.cumberlandgroup.com.

_{The Bridgeton “Living CIGnificantly” team members present Betty Vivona with a gift card for winning the “Name of the Committee” contest. Pictured (L-R) are Norm Hetzell, Betty Vivona, Kelli Fisher, Laurie LaTorre, and Frank Wilson.}

CUMBERLAND COUNTY, NEW JERSEY: In today’s economy, rising health care costs are putting the squeeze on many businesses. Double-digit yearly rate increases have sent corporate America scrambling to find new ways to lower health benefit costs in order to stay competitive in the marketplace. At The Cumberland Insurance Group, employees have become partners in this effort through a new initiative entitled “Living CIGnificantly.”

“From 2008 to 2009, the Company’s health care premiums increased 10.44% and prescription premiums increased 50%,” said Cumberland Insurance Group President and CEO Robert P. Brady. “This surge in health care costs could reduce our capacity to invest in capital improvements, product development, and employee benefits, all of which would have a profound impact on our ability to grow and compete for new business. Working with our employees, we felt we could do better. As a result, management is encouraging employee efforts to be true partners in the Company’s health care decisions.”

A study released this year by the American Institute for Preventive Medicine found that 62% of all companies, ranging from small to large, offer some type of wellness program. “Prior to the ‘Living CIGnificantly’ initiative, Cumberland Insurance did sporadically promote employee health related issues, but admittedly it was unfocused. The exciting part of this initiative is that employees are out front promoting the effort. Senior Management strongly believes empowering employees to take charge of their health care is a critical step in controlling escalating costs,” Brady said.

The “Living CIGnificantly” initiative is designed to educate employees on how to be better consumers of health care services. The initiative includes a six-member team who meet regularly to discuss options to improve employee nutrition, exercise, and overall well-being. The team consists of members from the Bridgeton, New Jersey; Coatesville, Pennsylvania; and Mansfield, Ohio offices including Laurie LaTorre, Norm Hetzell, Kelli Fisher, Frank Wilson, Steve Sutter, and Brenda Taylor.

According to Human Resources Director Laurie LaTorre, “The wellness team was formed in March, and the first thing we did was to conduct a survey of employees to better understand their health needs and concerns, and how these fit within the Company’s goals and objectives. As part of this survey, we also conducted a ‘Name The Committee’ contest among the employees. The Committee received dozens of e-mail submissions and each member chose their top three suggestions. After review and much discussion, we selected ‘Living CIGnificantly,’ which had been submitted by Bridgeton employee Betty Vivona. We were pleased to award Betty a Visa giftcard for the winning suggestion.”

“I was really surprised to hear the Committee had used my suggestion,” Betty said. “I was busy doing some work and it just popped into my head. I think the whole wellness effort is a great idea, and I am vey proud to play a small part in its start-up.”

“Using the survey results, we began to develop a number of wellness initiatives designed to help individuals measure their health risks and educate themselves on how to prevent future health problems,” LaTorre continued. “One of our first programs, in conjunction with Atlanticare, included offering simple tests performed on-site to measure blood pressure, blood sugar, cholesterol, body composition, and nutrition. Over 50 employees from the Bridgeton office participated in the screenings. Subsequent screenings were also held in the Ohio office. All participants were encouraged to create ‘health dashboards’ to track things like exercise, food consumption, calories, and weight.”

Encouraged by the response, the “Living CIGnificantly” Team began to develop a variety of additional activities to motivate employees and help reduce health care costs. “We are scheduling educational sessions during lunch dealing with topics such as obesity, smoking, alcoholism, drug abuse, coping with stress, nutrition labels, and healthy eating,” LaTorre continued. “We are also creating a health and safety calendar featuring artwork provided by children of employees, a holiday fund-raising cookbook featuring healthy recipes, and an annual Health Fair with vendors from throughout the health care industry.

In addition, we are examining the feasibility of creating a corporate fitness program, and ways to reward employees for participating. For example, we could give health food gift certificates, gym memberships, or award special parking spots for a week or a month. We also want to acknowledge employee health and wellness leaders in our newsletter, internal communications, and on our Web site. Thanking employees for a job well done goes a long way towards keeping people happy and motivated.”

“Our hope with this initiative is to help employees make better health care decisions by giving them the knowledge, encouragement, and the tools to actually change unhealthy lifestyles before they turn into chronic diseases. In addition to improvements in employee fitness levels, energy, and productivity, this investment will have a positive impact on our bottom-line,” Brady concluded.

The Cumberland Insurance Group, established in 1844, is celebrating its 165th anniversary and currently serves over 120,000 policyholders in the states of New Jersey, Pennsylvania, Delaware, and Maryland. In 2008, the Company had Total Admitted Assets of $315,595,220 and a Policyholders’ Surplus of $140,166,468. For more information about The Cumberland Insurance Group, or to find an independent agent near you, please visit www.cumberlandgroup.com.

_{The Cumberland Insurance Group Relay For Life team members included (L-R) Linda May, Sherrie Raws, Noel Young,
Amanda Broadwater, and Sistine Krupa. Not pictured are Laurie LaTorre and Delia Nelson.}

BRIDGETON, NJ: Employees from The Cumberland Insurance Group recently participated in the Relay For Life fund-raising event on behalf of the American Cancer Society. Through the efforts of many individuals, Cumberland Insurance Group employees raised a total of $8,592 to help those in need.

The Relay was held at Cumberland County College, and Cumberland Insurance Group participants, as well as many other teams from the community, took turns walking or running around the athletic track. Each team was asked to have a representative on the track at all times during the 24-hour event.

“The American Cancer Society Relay For Life represents the hope that those lost to cancer will never be forgotten, and that one day cancer will be eliminated,” said Robert P. Brady, Cumberland Insurance Group President and CEO. “I am extremely proud of everyone who helped support this effort. Each person can take pride in knowing that they are working to create a world where this disease will no longer threaten the lives of our loved ones.”

While the Relay itself is a one-day event, Cumberland employees conducted fund-raising activities for 12 weeks prior to the Relay. According to Team Captain Sistine Krupa, “We raised $3,000 in-house by holding lunches, denim days, a bake sale, a flower sale, basket giveaways, and by selling pretzels, lemonade, and Rita’a Water Ice. The rest of the money was raised by team members selling signs and private donations. Our team, which included Laurie LaTorre, Amanda Broadwater, Noel Young, Sherrie Raws, Delia Nelson, and Linda May, qualified for gold team status and received a trophy for the most on-line donations.”

“Relay For Life is more than just a fund-raiser,” Krupa continued. “It’s a life-changing experience, and an opportunity for every person in the community to celebrate, remember, and fight back in the worldwide movement to end cancer. My thanks go out to all of the employees in The Cumberland Insurance Group family who gave generously, and to everyone else who helped make the Relay a tremendous success.”

“In addition to raising much needed money for a good cause, our partnership with the American Cancer Society, and many other charitable organizations, provides an excellent way to demonstrate our commitment to corporate social responsibility,” Brady continued. “It also gives our employees the opportunity to get involved in the community, have some fun, and build skills like teamwork, communication, decision making, and creativity. The Board and senior management fully support the policy of giving back to the community. It is a win/win situation for everyone involved.”

The Cumberland Insurance Group, established in 1844, is celebrating its 165th anniversary and currently serves over 120,000 policyholders in the states of New Jersey, Pennsylvania, Delaware, and Maryland. In 2008, the Company had Total Admitted Assets of $315,595,220 and a Policyholders’ Surplus of $140,166,468. For more information about The Cumberland Insurance Group, or to find an independent agent near you, please visit www.cumberlandgroup.com.