The Griffith Insurance Education Foundation Selects Terrence Cavanaugh as 2013 Lifetime Achievement Award Winner

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Terrence Cavanaugh received The Griffith Insurance Education Foundation’s 2013 Lifetime Achievement Award during a ceremony at the Property Casualty Insurers Association of America’s (PCI) Annual Meeting on October 23 in Boston. Peter Miller, CPCU, chief executive officer of The Institutes, presented Cavanaugh with the award.

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Candidates for the 2013 Griffith Foundation Lifetime Achievement Award were nominated by The Griffith Foundation, then reviewed and selected by The Griffith Leadership Council, which includes influential insurance leaders and executives.

Terrence Cavanaugh received The Griffith Insurance Education Foundation’s 2013 Lifetime Achievement Award during a ceremony at the Property Casualty Insurers Association of America’s (PCI) Annual Meeting on October 23 in Boston. Peter Miller, CPCU, chief executive officer of The Institutes, presented Cavanaugh with the award.

Candidates for the 2013 Griffith Foundation Lifetime Achievement Award were nominated by The Griffith Foundation, then reviewed and selected by The Griffith Leadership Council, which includes influential insurance leaders and executives. This year’s winner was recognized for exemplary commitments to education and for his support of the missions of The Griffith Foundation and PCI.

Cavanaugh is president and chief executive officer of Erie Insurance Group. He began his insurance career as an underwriter after graduating from the University of Notre Dame and then spent 33 years with the Chubb Group of Insurance Companies. Since Cavanaugh joined Erie Insurance in 2008, the company has seen growth in its written premiums and policyholders’ surplus. The insurer has also been named a J.D. Power and Associates Customer Service Champion for the past two years and received the 2013 J.D. Power and Associates award for “Highest in Customer Satisfaction with the Auto Insurance Purchase Experience.” Erie consistently ranks on the Fortune 500, as well as Ward’s 50 top-performing insurance companies.

Cavanaugh is an active member and leader of a number of organizations. He currently serves as the second vice chair for the PCI board of governors and is a board member for The Institutes and Highmark Health Services. In northwest Pennsylvania, where Erie’s home office is located, Cavanaugh is a board member with the Erie Regional Chamber and Growth Partnership, Mercyhurst University, Saint Vincent Health System and the United Way of Erie County.
“Terrence Cavanaugh’s time at Erie Insurance and the Chubb Group of Insurance Companies has truly qualified him as a leader in the industry,” said David Sampson, PCI president and chief executive officer. “We are grateful for not only his contributions to The Griffith Foundation and PCI, but also for his work with a number of community groups. We are pleased to honor him with this prestigious award.”

For more information about the 2013 Griffith Foundation Lifetime Achievement Award winners, visit http://www.griffithfoundation.org/LAA.

About The Griffith Insurance Education Foundation

The Griffith Insurance Education Foundation is a 501(c)(3) not-for-profit educational organization that promotes the study and teaching of risk management and all lines of insurance through educational programs targeting students and public policymakers. The Griffith Foundation is affiliated with The Institutes, the leader in delivering proven knowledge solutions that drive powerful business results for the risk management and property-casualty insurance industry. For more information, visit http://www.griffithfoundation.org.    

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Meghan Richter
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