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Home > Company Index > Insurance > Property & Casualty Insurance > The Commerce Group, Inc.

The Commerce Group, Inc.
NYSE: CGI
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 NEWS FROM THE WIRES
Commerce Group to cut jobs, take related charge
Aug 15 2001 06:41 AM PDT

Eurostocks wobble as Bayer slides, Wall St no help
Aug 15 2001 06:41 AM PDT

More WIRE STORIES about this company

 PROFILE
Massachusetts - home of clam chowder, Cape Cod, Kennedys, and, thanks to Commerce Group, car insurance. Commerce Group's Commerce Insurance Company is the largest personal auto insurer in Massachusetts, generating about half of its total premiums written via its affinity marketing program with the state's AAA clubs. Commerce Insurance also sells homeowners, earthquake, flood, business, and personal umbrella insurance. Commerce Group's Commerce West Insurance Company sells auto insurance in California and Oregon. American Commerce Insurance, Commerce Group's joint venture with AAA Southern New England, writes auto and homeowners insurance in some 25 states.

 COMPETITION
The Allstate Corporation (ALL)
GEICO Corporation (dossier)
State Farm Insurance Companies (dossier)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 1,099.50
1-Yr. Sales Growth: 11.3%
Employees: 1,719
Revenue per employee: $639,616.06

 KEY PEOPLE
• Arthur J. Remillard
    CEO
• Gerald Fels
    CFO

 CONTACT INFO
211 Main St.
Webster, MA 01570
US
Phone: 508-943-9000
Fax: 508-949-4921
Online: Web Site

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