Marketplace appears more stable to Carriers

After two years of significant rate increases, the reinsurance renewal process is reported to be much more stable in 2004. Percentage changes in reinsurance rates now are mostly in the single digits according to several trade publications.

A number of insurers have indicated that their renewal process was more stable this year with the stability of the reinsurance market across the board in both property and casualty lines of coverage.

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March Birthdays
Don R. Vass
6
Michael L. Stanley
9
April Birthdays
Mary Ann Wharton
1
Chandler F. Cox, Jr.
17
Jon Falkner
17
Tammy Fox
26
 

 

Stacie Dunn Volunteers at
Local Homeless Shelter (and more)

Volunteering is something that Stacie Dunn, Medical Claims Adjuster in Birmingham, makes time for. She believes in helping give back to the community. In her own words:
I'm a member of a small group at Church of the Highlands that serves at the Firehouse Shelter on the second Friday of every month.

We cook dinner and serve and a few of the guys will spend the night as hosts that evening and then cook breakfast the next morning. It's such a blessing everytime we go, and it was completely different than what I expected the first time.

Firehouse Men's Shelter, Birmingham, AL

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American Mining Starts New Advertising Campaign

American Mining Insurance Company has signed an Advertising Contract with Coal People Magazine to run a series of ads in 2004. The first ad will appear in their March issue. (click here for larger picture)

New Accounts in 2004
American Mining Insurance Company has grown its annual policy premiums by $1,743,822 between January 1, 2004 and March 15, 2004. The net premium growth came in the states of Virginia, Alabama, Indiana, Nevada, and Maryland.

E&Y Begins Annual Audit

Representatives from Ernst & Young arrived at the Home Office on March 15th to begin work on their annual audit of American Mining Insurance Company and CGH Insurance Group. Auditors will be in the Home Office for approximately three weeks to review company records, test data, and verify assets. more>>>

 

New Hires

Effective March 2004

Rosemary Courington joined the Company as Assistant Controller on March 1, 2004. Prior to joining us, she worked as an auditor for Ernst & Young in its Birmingham office for the past 3 ½ years.

Tina Pierce joined the Company as Senior Adjuster. Prior to joining us, she worked as a Senior Worker's Comp. Adjuster at GAB Robins. She has over 18 years of experience in the insurance industry and is a member of the Alabama Worker's Compensation Association and the Alabama Claims Association.

Heather Giovannelli has joined the company as an Administrative Assistant. She will be attending UAB starting this summer.


New Baby

Robin and Derrick King are the proud new parents of a little boy! He was born at St. Vincent's hospital on Monday March 15th at 2:13pm. He weighed 7lbs. and 3 ounces. If you would like to send her a card, her address is 630 Summit Place, Birmingham, AL 35243. Click here to see pictures

 
March Anniversaries
Jason Helms
1 year
Rhonda Melvin
8 years
Helen Rogers
4 years
Donna Shenesky
6 years
Elizabeth Torrez
2 years
 
April Anniversaries
Ted Roose
7 years

 



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