Claims Happen OR DEATH, TAXES AND CLAIMS
Department Spotlight

It is inevitable that claims happen. We are well equipped to handle any claim from the routine to the bizarre. Throughout our organization we are fortunate to have very experienced adjusters. Once a claim happens, it is assigned to an adjuster who takes responsibility for it from “cradle to grave.” In an ever-changing claim environment our company recognizes the importance of continuing education so our adjusters have up-to-date knowledge in their area of expertise. Recognizing the importance of this expertise, we have established dedicated units to handle claims unique to our industry.

In our Johnstown office, Jon Flower is known as the “king of occupational diseases.” Jon has many years experience handling this specialized line and is responsible for both Federal and State occupational disease claims company-wide.

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June Birthdays
Heather L. Giovannelli
1
Elaine Perkins
3
Ted C. Roose
17
Larry B. Clevinger
22
Dale Thompson
28
Rosemary Courington
28
Robert Singleton
30
.
July Birthdays
Jon Flower
1
Kathy Burke
9
Mary Hook
12
Bryant Brown
15
Alice Beam
16
Pat Ballock
29
 
 

Newly Elected Officers, Directors and Promotions

CGH Insurance Group is pleased to announce the following newly elected Officers & Directors and promotions.

Greg Pierre has been elected to the Board of Directors of American Mining Insurance Company. Greg joined the Company in 1991 and was elected Treasurer of AMIC in 1997.

Ann Watts has also been elected to the Board of Directors of American Mining Insurance Company. She also joined the Company in 1991 and was elected Secretary of AMIC in 1997.

Elaine Perkins has been elected Vice President of American Mining Claims Service and CGH Claims Service. She joined the Company in 1993 and was promoted to Senior Claims Supervisor earlier this year.

Jon Flower has been elected Vice President, Claims of American Mining Insurance Company. Jon joined the Company in 1996 to start a claims department unit focusing on occupational disease claims.

Kim Edsall has been promoted to Asst. Branch Manager of the Johnstown Office. Kim joined the Company in 1996 as an outside adjuster for CGH Claims Service. She later assumed responsibility for American Mining General Liability, Pollution and Automobile claims in the Johnstown Office.
 
Reinsurance Treaties Renewed

American Mining Insurance Company has renewed its primary reinsurance treaty with American Re-Insurance Company (the expiring reinsurer) effective July 1, 2004. There were no major changes to contract terms and conditions other than the Company’s retention for General Liability and Automobile Liability losses was lowered to $300,000. The Workers Compensation retention remains at $500,000.

The Workers Compensation Excess Reinsurance Treaty, which covers losses over $10,000,000, has also been renewed with the same expiring reinsures (Aspen Insurance, Converium, Hannover Re, and Odyssey American Re). This coverage is placed thru Benfield, a reinsurance broker.

Reinsurance costs are the second biggest expense in our Company’s overhead.



learn more about American Re from
their fact sheet (click here)
 

Insurer CEO’s Resolve To Keep Tight Rein
After Hard Market Ends

Although insurance company executives expect their companies’ financial results to be better this year than last, most foresee the hard market enduring only through the end of 2004, according to an American Re Corp. survey.

Nonetheless, despite their predictions of an end to rising premiums, the executives are determined more than ever to maintain underwriting discipline and price adequacy, the survey found.

American Re, a unit of Munich Reinsurance Co., surveyed 50 insurer chief executives and senior managers about issues affecting both their own operations and the industry overall. The survey was conducted last month during their 10th Annual CEO Roundtable Forum, held at AmRe’s Princeton, N.J., headquarters.

Although the market may be softening in certain lines, executives “still feel they’re going to have better, if not significantly better, results for the next year or two,” said Jack Snyder, chief marketing officer for American Re.

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June Anniversaries
Bryant Brown
7 years
Kim Edsall
8 years
Gregory Pierre
13 years
Ann Watts
13 years
July Anniversaries
Dale Thompson
13 years



American Mining Insurance Company has a new brochure. Click here to take a closer look.

 
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