HomeMy WebLinkAbout01-2544 COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
Harrisburg, PA ~
Whereas, the FIREMEN'S INSURANCE COMPANY OF NEWARK, NEW JERSEY, located at
Parsippany, N.J., has filed in this Department a certified copy of its charter and a detailed statemem of its Assets
and Liabilities, and otherwise complied with the requlremems of Section 661 of the Act of Assembly of the
Commonwealth of Pennsylvenia, entitled "An act relating to insurance; amending, revising end consolidating
the Law &c.," approved the 17th day of May, A.D. 1921, as well as with the requirements of the laws of this
· Commonwealth applicable to such company in doing business herein.
Now Therefore, I, M. Diane Koken, Insurance Commissioner of the Commonwealth of Pennsylvania, do
hereby certify, in accordance with Section 1, of the Act of Assembly approved June 29, 1923 and known as act
No. 373 of the Laws of 1923, that the Firemen's lnsuranee Company of Newark, New Jersey, of
Parsippany, N.J., is duly authorized to become and be accepted as sole surety on all bonds, undertakings and
obligations required or permitted by law or the ordinances, rules or regulations of any municipality, board,
body, orgaoi~tion, or public officer.
In Witness Whereof, I have hereunto set my hand end
affixed my official seal, the day and year first above written.
Insurance Commissioner
CNA INSURANCE COMPANIES
THE FIREMEN'S INSURANCE COMPANY OF NEWARK, NEW JERSEY
STATEMENT OF ASSETS AND LIABILITIES
December 31, 2000
Cash $ 2,345,119
Short-term investments (principally U.S. Government Obligations) 36.535,782
United States Government obligations 152,471,213
Other public bonds 163,234,664
Industrial and miscellaneous bonds 219,369.964
Preferred stocks 0
Common stocks of affiliated companies 369,078,491
Other common stocks 535,722
Real Estate 74,563,732
Premiums and agents' balances in course of collection 24,071,925
Premiums, agents balances and installments booked but
deferred and not yet due 17,838,456
Accrued retrospective premiums 12,710,575
Accrued interest dividends and rents 8,830,585
Other ..~ssets 30.630,706
Admitted Assets $ 1,112,216,934
LIABILITIES:
Unearned premium reserve S 98.04'],477
Reserve for loss and loss adiustment expense 596,424,214
Reserve for taxes, licenses and fees (including federal income taxes) 5,755,140
Other Liabilities 112,978.578)
Total Liabilities S 687,242.254
SURPLUS:
Capital paid up 158.00 par value)
Shares authorized: 540,000 issued: 540.000 $ 321.699,054
Surplus 103.275,627
Surplus as Regards Policyholders 424,974,681
Total $ 1,112.216,934
Failure of items to add to totals shown is due to rounding.
State of Illinois )
)ss
County of Cook)
On this 16th day of April, 2001, before me came Lawrence J. Bo,vsen and Jerry F S wa, known
to me personally to be the Group Vice President and the Assistant Vice President, respectively, of the
Firemen's Insurance Company of Newark, New Jersey being fully sworn, certify and attest that the foregoing
statement is a true and correct statement of the assets and liabilities of the said company as of the date shown
in the statement.
er n,. F..C~liwa,-a-~sis~nt V~ce~P~'e~ident
' ' La~vrence J. Boysen, G~p