Promotions Announced
Congratulations to Neal Pierce on his promotion to Chief Financial Officer and Treasurer.
Congratulations also to Patrick Padalik on his promotion to Senior Vice President, Product & Pricing.
Congratulations to Neal Pierce on his promotion to Chief Financial Officer and Treasurer.
Congratulations also to Patrick Padalik on his promotion to Senior Vice President, Product & Pricing.
The Cumberland Insurance Group is excited to announce that it will be holding an American Red Cross Blood Drive on November 3rd, 2014 from 11am-2pm. Everyone from the community is invited to come out and participate. The blood drive will be located in the Cafeteria and there will be signs to direct you to the location. If you would like to sign up, you can call Tiffany Corliss at 856-391-1213 or feel free to sign up at www.redcrossblood.org. -Enter Sponsorship Code: Cumberland Insurance.
** All donors will be entered for a chance to win a gift basket**
Congratulations to Jeanne Heisler for winning the first ever IIABNJ Lifetime Achievement Award. To read more about this honor, please click HERE!
The Minerva Baseball Club of Bridgeton is featured in this months edition of SJ Magazine. To read the article, click HERE.
The Cumberland Insurance Group is featured in the NJBIZ Magazine 2014 Special Edition “Business Profiles”. The entire magazine can be viewed by clicking HERE.
The New Jersey Young Insurance Professionals held its 30th annual Fun Run on Tuesday, June 10th as part of the PIANJ/PIANY Joint Annual Conference, at the Trump Taj Mahal, Atlantic City, N.J. raising more than $152,000 for Special Olympics New Jersey. The Cumberland Run Team came in second place overall. Cumberland team members included Glenn Watkins, Steve Catranis, Glenn Bell, Bob Conner, Jodi Bell, Dan Catranis, Kevin Clausen, Vince Cieslik and Michele D’Agostino.
Paying your Cumberland insurance bill just got even more convenient! Our web “Make A Payment” option is now also available on your mobile device, simply by accessing our website, www.cumberlandgroup.com on your Smart Phone or Tablet. Select the “Make A Payment” option, enter your policy number and zip code, and complete your payment. It’s just that easy to make your payment-anytime, anywhere!
On April 28, 2014, The Cumberland Insurance Group was a proud sponsor of the IIABNJ Annual Trusted Choice Charity Golf Outing which benefits the Make-a-Wish Foundation. This is the 14th year that Cumberland has been the Title Sponsor for this event. More than 120 golfers showed off their golfing skills for this worthwhile cause. To date, the New Jersey chapter of Make-A-Wish has granted over 7,500 wishes since its inception in 1983. We are happy to be a part of this great event and help the Make-a-Wish New Jersey restore the hope, strength and joy for seriously ill children and their families. For more information on this event, click HERE.
Water has a unique property in that it expands as it freezes. This expansion puts tremendous pressure on whatever is containing it, including metal or plastic pipes. No matter the “strength” of a container, expanding water can cause pipes to break. Pipes that freeze most frequently are those that are exposed to severe cold, like outdoor hose bibs, swimming pool supply lines, water sprinkler lines, and water supply pipes in unheated interior areas like basements and crawl spaces, attics, garages, or kitchen cabinets. Pipes that run against exterior walls that have little or no insulation are also subject to freezing.
Before the onset of cold weather, prevent freezing of these water supply lines and pipes by following these recommendations:
A.M. Best Upgrades Outlook to Stable and Affirms Financial Strength Rating of A- (Excellent) for Cumberland Mutual Fire Insurance Company and its subsidiary, Cumberland Insurance Company, Inc.
Bridgeton, New Jersey-Jan. 29, 2014 –A.M. Best Co. upgraded the outlook ratings for Cumberland Mutual Fire Insurance Company (Cumberland Mutual) and its subsidiary, Cumberland Insurance Company, Inc. (CIC), to stable and affirmed the previous financial strength ratings of A- (Excellent) and issuer credit ratings of “a-.” A.M. Best Company (A.M. Best) is the insurance industry’s leading rating organization.
According to A.M. Best, these upgraded outlooks are due to both Companies’ “strong risk-adjusted capitalization and recently improved operating performance” which have resulted in large part from “management’s strategic initiatives.” A.M. Best attributed Cumberland Mutual’s strong capital position to its modest underwriting leverage and favorable loss reserve development while commenting that the excellent capital position of CIC was accompanied by five-year pre-tax returns on revenue and equity which compared favorably to the industry norms.
Updated underwriting tools and systems, a more focused underwriting approach, product enhancements, and territorial diversification, coupled with a year of less severe weather have resulted in improved underwriting results, operating earnings and surplus position in 2013. While working diligently to improve underwriting results and to update technology we are proud to maintain our long-term market presence and long-standing relationships through our independent agency force.