Evergreen Auto Insurance Review

This Evergreen Auto Insurance review evaluates the products and services of Ebensburg, Pennsylvania-headquartered S&T Evergreen Insurance.

S&T Bancorp, Inc., based in Pennsylvania, is the publicly traded parent company of S&T Evergreen Insurance.

This article will review both the financial parent company and the Evergreen auto insurance company.

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Evergreen Auto Insurance Associates Overview

S&T bank offers customers in western Pennsylvania a variety of banking services, including savings, checking, and daily money management accounts.

Additionally, S&T Bank offers customers credit cards and certificates of deposit. Serving both individual customers and businesses, S&T Bank offers commercial bank loans and mortgages.

To reduce the short-term risk of trading mortgages, S&T Bank holds most of its commercial loans and mortgages in portfolio.

S&T Bank also funds private mortgages, consumer loans, and construction costs. In addition, S&T Bank offers a range of investment products and services, such as the Stewart Capital Mid-Cap Fund.

Evergreen Insurance was originally organized in 1980 in the state of Utah. In 2011, the auto insurance company employs about 40 people.

Dun & Bradstreet considers S&T Evergreen Insurance a low-risk vendor.

Evergreen Insurance Associates Information

The S&T Evergreen Insurance sells property & casualty insurance for about 50 insurance companies, along with disability and life insurance products.

The firm’s parent company maintains about 75 percent of business loans and mortgages in portfolio, so S&T Evergreen Insurance has a broad base of business and individual customers.

In 2008 and 2009, the parent company lost money in real estate loans. Nonperforming loans, workouts, and loan charge-offs cost the business money.

In 2010, S&T Bancorp showed improved earnings as the company implemented new strategies to strengthen its performance.

Evergreen Insurance Associates is one of the key areas positioned for growth by the parent company along with investment products and services, credit, and bank transaction fees.

Evergreen Insurance Associates Products & Services

Evergreen Insurance Associates offers a broad array of property & casualty insurance products and services, including auto insurance, inland marine insurance, and flood insurance.

The company also insures bond issues, similarly to MBIA or FGIC. The bond issue underwriter pays a percentage of the bond issue to Evergreen Insurance Associates to underwrite the risk of default of interest and principal.

In exchange for insurance, the bond issue generally receives a higher credit rating from nationally recognized credit rating organizations, such as Standard & Poor’s and Moody’s.

Evergreen Insurance Associates offers coverage for all kinds of motorized vehicles, including:

• daily use
• classic cars
• motorcycles
• RVs
• motorhomes
• farm equipment

The company helps clients insure boats and marine equipment, investment property, watercraft, snowmobiles, and other valuable items against loss, theft, or damage.

Evergreen Auto Insurance Agents

The company has offices throughout Pennsylvania in Ebensburg, Indiana, Brookville, and Greensburg.

Like their parent company, the company offers extensive services to clients and prospective customers throughout western Pennsylvania.

Evergreen Insurance Associates agents work with businesses to cover liability, workers’ comp, and property coverage.

In addition, the firm customizes insurance programs for projects and special requirements of customers with auto and truck fleets.

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