[io under the John F. Kennedy Assassination Records Collection Act of 1992 (44 USC 2107 Hote). 3 : OG | DATE: '11-14-2017° oO 4. WRIGHT said Ghat he saked BHAY and CSFAEY on several etcasions to supply Ada with a Adist of the lecais whe were bended by Vaited Benefit. While they mever refused hin the dugormation, 4¢ vas sever furaished. He ‘also asked for details - @8°%o hew the preadua paymesats were preceased. He wondered whether the unions asde theirs checks payable te United Benefit . of to Homer Bray Services, Ine. WRIGHT said he had never heard ' of Onford Agency, Tac. telag the ageacy for the bounds aad never learsed to whom the premiss paymeate were made. 5, The correcapondence file WRIGHT submitted for cxamination contained a letter to Baitee Beading from Vaited Benefit dated - Juae 29, 1961, to which was attached o statement ef account for - Nay 1961 Copy attached). This atatement shows that the reinsurers ore paying United Benefit 25% commissien on carued preniun and everride on ecazmed preaiums at the rate of 10%. WRIGHT said that dn. the dusurence field the overrides repressuted a commission that ‘45 usually paid te tho originates of the business. He said that from the way he waderotecd this trasssetion BRAY would ba entitied to the override. it As to be noted that United Benefit insisted that BRAY would emily receive a 25% commission. It ohowld also be noted that the question of an override was never raised with United - Benefgit or BRAY. WRIGET sald thas Af-there were opecial arrange . Bemts, United Besefit could dioburoe the override to perssexs other 's« ¢has BRAY, It shewld be eoted that Uadted Benefit and BRAT coa- . trolled the entire operation. Yhey gave the reinavrerea little er . @ dnfermaticn. The relnsuvers worse farced to accept the figures Yaited Bonefit furnished em paid ead casped preniuas. 6. STOTTS said boumeds Zrequent Aaguirdics of Yaited Benefit to daterniae why Uaiea Bending was continualay belng charged for - “execsa of loos preaies dra." Es Rot vagus replies. Oa July 14, . 1960, he had a telephone cesvercatien with B. KBITH PYLB, - . Vice President of United Benefit regarding this. Me was telé that this represented refunds of premiems te legals caused by a ceme- petitive reduced rate whieh they theagh$ would be overcome by an increased volume of promiums on new business. A note of his phose sc.  gomnversation with PYLB, dated July 14, 1960, ds attached. WRIGHT re Baid he could net understand why United Bowefit was delaying tiie - i... gefund of exceas preniems, WRIGMT aaid his cencera wousd dumediately refund ieess premduns reecived aince it was other people’ BONY m23GHY said bs uaderatesd that BRAY was Anstrumental in the delay of refunding as BRAY told Tri-State Iusuranee that eew ~~ business would offset the nsed for refunding, WRIGHT is dissatisfied with the manzer in which the premiums vere handled and podated out that he is coustantiy required to pay back moaey, Foliowing is a control statexent of Valen Bondiag's pesitios covering their 10% reinsurance as of Juno 36, 1961. 3s’ . _Docld: 32309938 Page 13.) ,
pe te under the John F~ DATE: .11- -14- 2017. ©. zeseltee wiltten theonsn o/20/en “0 Gepesit preniues 1969 $5,009.00 _— $56,103.46 - Bree 13 : 88 ef losg deposlt Preniuns peal 2 300. 208 . 23% tag P@tained | : | Prenkuns « @arned | through 6/30/01$27, 369, 05 | 25% conmission arne on | Loz override oa caraed ia ital | $5 862. 26 - 2°936-91 oe Claim pe gguetmeat | - > Less e . 7 expens | 43.38 “Batense re Received fres Uni Beas /Mefenda Miseady Dae fae | Decld:32909938 Page: 14...
[ese aaa John F. Kennedy Assassination Records Collection Act of 1997 (44 USC FIOT Hote). ‘DATE: 11-14-2017 a se i © . . - - - . - BRAY, after the IST Hiami Convention, told WkIGHT he would get the West Coast bending. 4 7 WRIGHT alse said he heard a rumor that IRWIN WEJNER _ got the dusurance business of the Castaways Motel and the --  Bvergiedea Motel, beth of whoa are recipients of IBT pension *.. fund deans. He sada that the premiums on the Zvergiades could -  ¢etad $1,000,000. and that WEINER got the business “by just walking in." It is to te neted that a previous chronology shows thet WEYNBR was at the Atianta Cabana and that BRAY telephoned the General Ogelthorpe for ao reservation. 8. On August 33, 1961, WRIGHT received a letter from BRAY coafiraing that Resolute was going to "fsont" the IBT bends. Attached to BRAY's letter was an offer to United Bounding from Resolut. for United Bonding to participate in 25% of the reinsuring. BRAY's letter iadicates that Houston Tire and Central Casualty 9 “. woudd be the other primary $100,000 reinsurers. The letter deco - Pes not show what portion Hevaten and Central would cever. It is to -o 5. >. pe noted that the effer of reinsurance to United Konding fron oo ".. Resolute shews "preniua to be determined." WRIGHT said this pro- fs  wides a justification for the underwriter to delay refunding of . os... @ucess premiums, WAIGMD said the same provisions appeared the agreemant with United Benefit, WRIGHT was not asked if he planned to participate in the usw arrangement. i «$e ds dateresting to mote that BRAY's letter states that "Central Casualty w4il handle all of the rednsurance soney, clains, et cetera," | 9. Bests! Insurazce Reperts, 1961, show Resolute Insurance Company of Providence, Riede Island, principal effice at 165 Asylum Avenue, Hartford, Connecticut, has a policy holders rating of A+ aud a financial rating of AAA. They have cash assets in excesa ' of $15,000,000. Bests states that Resolute is principally engaged ' in finusneing aute leans ead hene leans. It insures these loans.. The Chairaan of the Beard is LEWIS MOKGENSTBRN. Poliowdnag is a iist of the officers and directors of Resolute as shown in Besta xeports;: a SO ce oS President EDVARD K. SCRIBNER | ' Vice President LEWIS ARMAO vo oo 7 soo. Vilee President HOWARD WW. COX poo eo ige Peesident-~ VAL T. JONES ct ne .' - Yéce Preegident ANTHONY #. KERCH Secretary | HENRY D. ORDWAY SN Treasurer - KK. He FIELD mo ar ixvectorsa: ; a HH, BURRS MILTON GOODMAN. LEWIS MORGANSTERN re os 8. KR. SCRIBNER | | | Oo . 7 LEWIS FP. SNOW : oO : Lo ’ 25
eee i a4_2017. sina thon Records Collection Act of 1992 (44 USC 2107 Hote}. pe eh ae : ay og ot om ( C> OT, eS ae © [ease the John F. Kefinedy Assas 10. BESTS shews that Central Casualty has sustained Losses ‘during the years of 1958, 1959 and 1960, The losses in 1060 . . emuceeded these incurred in 1938 and 1959. The expenses ef Cantral Casualty were 118,5% ef prenivas received, BESTS points out an  < paveual situation im tha financial report of Central Casualty. The vepert shows ebout $467,060 of uncollected preniuns fren its agents whereas Ceatral Casualty reports about $350,000 ian premiums The report shows that an additional $300,000 was put inte the business im 1960. It sise shows that ite assets were in- creased by $90,000. This assct represents a $90,000 office building | - fecated dn Albuquerque, Kew Mexdee. (Previous investigation shows “¢his building has an actual value of $135,000.) L a WRIGHY ecnpared the salaries paid by Ceutral Casualty _ . - against these of his company He said that Central Casucity ealaries _- pppeared to be way cut ef lina. He wondered if the salaries were 60  bdgh to provide for kiekbachs. — - a ~ POR BURBAU, HASHIN oa wy. 3 Toa Uaased Benefit to United Bonding - Copy Of AGtter & with attechmests, da ea June 29, 1961 2 - Copy eof meno of phone conversation dated July 14, 1960 3 - Copy of letter from Hones’ Bray Service to United Bonding, with attachuent, Gated August 21, 1961 ra este “Ran atten see Ea MARIE a tye ne Tan is
—_—e under the Jo DATE: 11-14-2017 : .- ~% UNDEVELOPED LEADS BOSTOM, HASSACTUSETTS AREA OFPICE EVSY NNEC SL 1. Will obtain information from the Kesolute Insurance Coupany, 149 Asylum Street, Hartford, Conneeticut relative to a their purchase of that ISBT bonding busineas previously under- .- €end written by the United Benefit Fire Insurance Company, Oaaha Nebrasia. Yhe investigation should include, but not te Limited to: (1) obtaining copies ef purchase agreewents betucen Kesolute and United Benefit; (2) examination of fiscai documents to deter- mine the actual payee fer the bond businesa purchase; (3) ascer- taining the names of the persons who introduced resolute to United Benefit and the nawea ef the persous who negotiated the deal; and (4) whet consideration, if any, was given to the $100,000 advance premium that IBY paid United Benefit which was a Leion of bonding the International officials for a three-year o peried effective December 15, 1959. 2. In additien to the aforerentioned, information should — be developed which will include, but not be limited to: (1) espies of agreeaents between Resolute and Homer Bray Services, Ine., of Chicago or Evanstoa, lilisols; (2) cepdeo of agrecnents betueen CHARLES BRAY, President ef Honer Bray Servicea, Ine.; and (3) copies of agreccents between Resolute and Central Casualty Comp any of Zvanston or Chicago, Iiddnods. CHARLES BRAY is also President a of Central Casualty. ' paid, ‘3. Also obtain frea Resolute the names ef tha reinsurers of the primary $160,000 covered and the percentage of their coverage. we know that United Bending Insurance Company has beea offered 25:4 of the reinsurance, We do not know what percentage has been offered to Central Casualty or Heustea Pire and Casualty Insurance Company. 4. Also obtain the nanes ef the concerss who will reinsure | the excess covurage and the percentage of their coverage. Aloo "” deterniae what arrangesests, if any, that kesolute has made with Gloyds of London applicable to reinsurance of excess coverage of ' these sase union bonds, 5S. In addition to a 25% counission, the reinsurers paid an override in the awount ef 10% of, the earned premiums to United Benefit, If this same condition prevails ie the agreement between ™~ xasolute and its reinsurers, determine to whom the 10% override is 6. Special attention should de given to these provisions between Kesolute end Central Casualty wherein Central Casualty will handle all ef the reinsurance money, clains, etc.
feleased under Che DATE: 11-14-2017 “> tdated the trangaction. KANSAS CI TY. MISSOUKI AREA OPPICU ad ; NEB HA SE lL. W4ll obtain frow United Benefit Fire Insurance Company ‘copies of their sales agreement with Kesolute, The investigation should include, but net be limited to, obtaining detailed informa- _tdon relating to the handling ef the $100,000 premiua advance for - vdusuring of the IBT officials for a three year period, effective _. December 15, 1959, Bo So 2. will obtain the names of the persons who introduced united Benefit to kesolute, and the wanes of the persons who nego- . 3. WALL examine the 10% override account maintained by United Benefit and detergine the names of those concerns or persons who were paid from this account. It is not anticipated that many - gaynents ore Inveived and copies of cancelled checks covering such /' payments should be obtained. 4 Wwdll obtain copies of mncelled checks representing pay- penta for commissions to Homer Bray Services, Inc. (Commissions were du: Hosmer Bray Service in the amount ef 25% of the earned presiuns, - The prograa was in effect fer ove aad one-half years as of June 30,. 196i. The bonds were for a three-year period. xeept for latter ° Geveloped business, WOMBR BRAY would be entitled to 25% of half of the paid premiums). 5S. Will odtain from United Benefit copics of theix final statenents to their reinsurers of closing out of Teamsters bonding '. LwSine@see 6. dill examine a representative numter of refunds te local unions in excess of $100.00 to deteraine whether or aot the payments - were made payable to the locsl undons or to officials of the local | unions. Tue cancelled checks covering such payments should be  exanined to determine that they were deposited to the accaunts of Docld:32309938 “Page 18 the ivocnal unions to whom they were made payable. Copies of ehecks ghould be obtained in such instances where the check bears a second - endorsement. . N ; Te. WELL ascertain whether or not ali refunds have been wade. _ If all refunds have net been made ottain the identity of the locals to whow relunas are due and the amounts involved.
@leased under the John F. Kennedy Assassination Records. Collection Act of 1997 (44 USC 2107 Hote) -* i DATE:. 11-14-2017 oan co ne j | 1 , . : nk ‘ . SHE ARHA OBPICE  -  ~RYGHICAGS, ILL INOS . _ Based on {information Geveloped by the Boston and oo  ) \. Kamsas City Area Offices, the Chicago Area Cffice will 7 Koc. pubpeena the books aad records of Central Casuaity Company, -cl ot... Momer Bray Services, Ime., and Cuferd Agency, Inc. to - . iw: , .secertain whether or sot payacats, direct or indirect, have. os i. been ande to IBT Officials, et cetera, lope : . \DocTd:32309938 Page 19