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To: Ohioan from Florida
Richard M. Jerger, Jr. and Catherine Quinn-Jerger

Richard Jerger is a member of THE Jerger Family. Formerly, a big name in insurance of mobile homes, especially, in Florida

They seem to be very well off, and their company has been bought out. (see below) The company that bought them out (or did a stock swap or whatever) thought Nursing home insurance was not profitable enough. Insuring Mobile homes, like the Jergers did, is very profitable. Insurance premiums for mobile homes run maybe a third of premiums for regular homes. But it costs a small fraction (1/10?) as much to replace a mobile home as a regular home.

Jerger name is also associated with St. Petersburg College's nursing program.

Here is some info on the Jergers. Dandlion had suggested checking into them, and G. Barry Wilkinson (Jerger and Centonze's registered agent. )

http://freerepublic.com/focus/f-news/971896/posts?q=1&&page=701

Philadelphia Consolidated, Philadelphia Insurance companies and Jerger, Co. have some connections.

According to Infotrac Variant Name for Philadelphia Insurance Companies is Jerger and Sons Inc. - due to a Merger

Jerger was acquired by Philadelphia some time back. Interesting that one of the two states named is Florida.

Finance, Insurance, Real Estate

Jerger Co (6411) Philadelphia Consolidated (6331) Value: 50.0 Announced: 03/31/99

Insurance agency Property,casualty insurance co Type: Acq. of Assets

Florida Pennsylvania

Philadelphia Consolidated Holdings Corp (PHLY) definitively agreed to acquire Jerger Co for $50 mil. The consideration was to consist of $20 mil in cash, $25 mil in PHLY common stock, and $5 mil in profit-related payments.

Stock Swap

Jerger Co FL 6411 Philadelphia Consolidated

PA 6331 50.0

Also, this

MARKET TIGHTENING FOR NURSING HOME EXPOSURES "While lawyers like Mr. Fillmore vow "to be there" for suffering patients who can't help themselves, insurers like Philadelphia Insurance Company and The St. Paul Companies have given up the cause of standing by nursing homes with liability coverage in the face of unprofitable results. "


338 posted on 10/31/2003 11:35:11 AM PST by syriacus (Casual comments about tubes, made after watching a 3 handkerchief movie, do not justify euthanasia.)
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To: syriacus
More on Jerger, from the same page on Free Republic...

Swings don't faze investors

Two and a half years ago, Jerger and his two brothers sold their Pinellas Park insurance agency, which specialized in mobile home insurance, and retired early. One brother bought a ranch outside Tallahassee; another bought a motor home and travels the states. Jerger, who's taken up skiing in early retirement, said he might go back into some kind of business, but out of boredom, not need.

From Infotrac

Philadelphia Business Journal, August 27, 1999 v18 i29 p5(1) Insurer dropping out of health care market. (Philadelphia Consolidated Holding Corp.)(Statistical Data Included) Peg Brickley.

Full Text: COPYRIGHT 1999 American City Business Journals, Inc.

The move will save it money while it pursues other niches

Philadelphia Consolidated Holding Corp. is scaling back its nursing home and assisted living facility insurance business, but pressing onward with plans to grow its dozens of other specialty insurance niches. [snip]

"Our focus is on underwriting profit. We have 50 different niches, including all the new ones from Jerger," the insurance executive said.

In mid-July, Philadelphia Consolidated paid $45 million in a cash and stock deal for The Jerger Company Inc. and its subsidiaries. If the acquired business highly specialized mobile home and homeowners property and casualty lines - goes well, another $5 million could he paid out to Jerger's former owners.

"The key thing with Jerger is that they are personal lines," Sweeney said. "We are getting personal lines expertise to add to our commercial lines."


Richard M. Jerger is on the Board of the St. Petersburg College Development Foundation, Inc.

P.O. Box 13489 St. Petersburg FL 33733-3489 (727)341-3302 FAX: (727)341-3123

spjcfdn@spjc.edu

The St. Petersburg College Development Foundation, Inc. is a separate, nonprofit organization which receives, holds, and disburses funds for the furtherance of the College. The Foundation was established in 1979 as a means of allowing people to participate in the support of the College. The goals of the Foundation are the same as the goals of the College.

341 posted on 10/31/2003 11:40:12 AM PST by syriacus (Casual comments about tubes, made after watching a 3 handkerchief movie, do not justify euthanasia.)
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To: syriacus
Richard Jerger is a member of THE Jerger Family. Formerly, a big name in insurance of mobile homes, especially, in Florida

Could Jodi be related to them? The records show that she worked for Jerger & Sons 1999-2000 and remained employed there under the new name of Liberty American Ins Co in 2001. In 2002 she is no longer listed, however the same year Richard and Catherine show up as directors for Jerger & Centonze. Why would a 'big' family like this agree to lend their name and support to a new company with few assests unless it was family related?

347 posted on 10/31/2003 12:00:12 PM PST by Krodg (I believe, I pray and I fight.)
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