#erie insurance

Erie Insurance Rates Slash for 2025: Discover How Much You Could Save Now

Hot Trendy News
erie insurance
Erie Insurance is accelerating its recovery after a June 8 information-security incident forced the Pennsylvania-based carrier to shut down portions of its network in an effort to contain suspicious activity. According to the company, investigators still see no evidence of ransomware or ongoing threat-actor activity, yet they continue to analyze whether any policyholder or agent data was exposed. Critical customer‐facing functions—including online bill pay, policy access and claims reporting—began coming back online during the week of June 24, with full restoration of the core network announced on June 27. Key takeaways for policyholders • Online bill-payment fees incurred during the outage are being waived, and payment deadlines have been extended to prevent lapses in coverage. • Claims can now be filed through the MyErie portal, the mobile app and independent agents, eliminating the temporary phone-only workaround. • Customers who set up automatic payments are advised to verify that drafts resume in July and to monitor bank statements for duplicate transactions. How the outage unfolded Erie Insurance says it discovered irregular network activity on the evening of June 8 and immediately isolated affected servers. Cyber-forensics teams from Mandiant and CrowdStrike were engaged within hours, while the company alerted state regulators and the U.S. Department of Homeland Security. Sources with knowledge of the response confirm that encryption mechanisms typical of ransomware were not observed, supporting Erie’s public stance that the incident was a targeted intrusion rather than a mass‐encryption attack. Industry context The event follows a string of cyberattacks against regional carriers and underscores the growing vulnerability of mid-market insurers that depend on legacy mainframes linked to modern web portals. “Insurers possess vast troves of personal data but often run on decades-old infrastructure, making segmentation and zero-trust architecture difficult,” notes Gartner analyst Dana Paxton. Recent attacks on FM Global and Selective Insurance suggest a rising threat level across the sector, putting added pressure on carriers to invest in endpoint detection and secure APIs. Financial strength remains solid Despite the disruption, Erie maintains an A+ (Superior) financial strength rating from AM Best and has not revised its 2025 earnings guidance. Analysts at KBW expect only a “minor, one-time expense” tied to breach notification and credit-monitoring services, pointing to the insurer’s historically conservative balance sheet and low combined ratio. What comes next Erie Insurance plans to publish a detailed root-cause report within 60 days and says it will implement multi-factor authentication across all agent portals by year-end. Customers who believe their information may have been compromised will receive written notice and free identity-protection services. In the meantime, policyholders should log in to verify that their contact details are current and reset their passwords using a unique phrase not reused on other sites. With operations largely restored and remediation underway, Erie Insurance aims to turn the page on one of the most significant cyber incidents in its 99-year history—a reminder to every insurer that digital resilience is now as critical as underwriting discipline.

Share This Story

Twitter Facebook

More Trending Stories

b5MFn7UZh1VSheJ6.png
#ibr student loan forgiveness 7/22/2025

IBR Student Loan Forgiveness 2025: Eligibility, Deadlines, and How to Maximize Your Savings

July’s surprise shockwave for millions of federal borrowers came when the U.S. Department of Education suddenly “paused” all approvals under Income-Ba...

Read Full Story
yHky5vhyKfAzeJEr.png
#yellowstone national park eruption 7/22/2025

Yellowstone Supervolcano Rumbles Again: New Quake Swarm Sparks Eruption Fears

UPDATE ON YELLOWSTONE NATIONAL PARK ERUPTION RUMORS: JULY 2025 Yellowstone National Park’s supervolcano is once again in the spotlight after a wave o...

Read Full Story
g9tQQWFwNTgRZePg.png
#bank 7/22/2025

Is Your Money Safe? Latest Bank Shake-Up Signals Big Changes Ahead

Wall Street’s biggest banks are heading into earnings season with a tail-wind of revived dealmaking, buoyant trading desks and the most attractive con...

Read Full Story