The New York herald., 1871-10-12
TIE INSURANCE COMPANIES.
Companies Temporarily Observation-Disclosures
Of Losses Net Yet Fully Known-Iransfcr
ofPolicies-valuo Of Property Destroyed
in ChicagoAdditioasl Losses
Quotations ofInsurancs Stocls.


Quotations os.Insurance Stocla
Yesterday was one OF those pu2zling, indeScr'0a-
ble undecided DAYS among insurance men who
have lost money by the Chicago fire. They could
hardly be sad to either standing still or going
forward They were tremb.ngy awaiting the worst
aud anxiopsiy hoping Tor the Lest But tho tidlngs
came slowly or not at all Policy holders and agents
innumcrable were calling at the Security, Astor.
Irving, Futon aud Exchange ami other ofiices hav-
ing their policies cancelled and transferring them
as rapidly US possible to other safer companies
Aud taking advantage OF tn4s tact, the latter compa-
nes or many oI them had - a..
= - INCREASED TIE PREMIUM ---..
rates on Insurance twenty-five or thirty per cent
This effect was predicted In tho HERALD OF yesterday.
Yesterday the directors Of the Home Insurance.
Company, I31 Broadway, nad q meeting, al which.
after calculating what might be the probable great
est extent or their loss, they issued card IN which
they say they feel authorized 70 assure the pubite
that from tile best Information they have been able
to obtain they iecl confident mat the Home VIII be
able 10 pay all its losses at chicago and elsewhere
ana have ample security left Tor the protection OF
its policy holders. They have also received assu-
ances from numerous stockholders and others that
IL necessary for the future prosecution OF the bds-
ness, additional capital will DC promptly iurnished-
The company continues TO issue po'icics as usual.
This action or the stockholders was intaiatcd In the
HERALp's reports yesterday The officers OF the
Home have statistics yet ready, but their agents
are now on the grouSsd gathering up the best data
OF their losses that he gatnercd from The general
wreck.
THs NORTH BRITISH AND MERCANTILE
officials nad hardly rime to answer the reporters
inquiries yesterday, busy were they writing down
the cancelled policies OF otncr COMPANIES known to
be insolyent OF Lelieved to he "shaRy." Tnis COM
pany though having lost heavily reported yestcr-
dav, are amply able to meet it without touching u
dollar OF their American assets, which amount 10
anu anu Yesterday s Mr. J. " Carter. Chairman Of II:
Directors there after special meeting held tec-
lraphed as follows 70 the agents here
Managers Proceed for good rsss at aiysnccd rates
.sss s 81 tp ChepasS susrsr h' SUD
The managers heard yesterday from Chicago.
Their agents onice was burned out, but IN the de-
and ne ~ now trying TO evoke order out OF chaos,
ward any definite statistical results.
1HE ArNA, OF HARTFORD
branch Office 62 Wall sireet-recelvel advices from
entire rsKs In that city no exceed 81 oooOno so
that sler entire loss should everything have been
Sont scIoate losing quite SO mucu u AZ the the
worst, however. alter paying ail losses that they
may have snefea ~ saey w M eave cap as ana sur
writing up few policies yesterday. but the prevail
ing sentiment was 10 stand sti and see what would
be the anal result before largely increasing the
THE SECURITY INSURANCE. COMPANY
have practically suspended. The only business at
tended to YESTERDAY was the cancelling Of policies
which were transferred TO other companies. The
,he,r policy holders, many Of whom have ialtB,
enough In the company to let their policies stand;
which advice hundreds OF them are following II was
reported the street that the oecuriys loss would
foot up 81, 500 90; but in conversation with MI.
Harper, the Secretary OF the company, the HERALD
reporter, was assured red. ,hat IL MOULD Mould d nss
lars. Iasn .bu. you Know" % add aided e1 the seere-
tary "a million dollars Is q great deal Of money!
agenis Office, his books ana policies and everything
else had peen burned up, ana the company are
OF RISKS which have been reported to them from the
desoated city. lie deemed It probable that the
aYaiI, bun tney must stand still where they are and
ascertain how they stand before tney accept any
in,nks TINS is demanded OF them. In few days
they may near something definite from their West
0'" THE AsroR INSURANCE COMPANY
arc hopecssly ruined, and yesterday their office
looked deserted and desolate Two or three CLERKS
were making abstracts from their books trans
ferrng and canceng policies, but the officers were
not TO be seen. The EXCHANGE, Excelsior, Fulton.
and Irving insurance companies are In a similar
fix. and their ONLY business transactions yesterday
consisted IN canceng policies and ascertalnin&
from their books the standing OF eacn.
TnE INTERNATIONAL INSURANCE. COMPANY
reports thai il has been for years steadily reducing
1ta rlSkS at Cnlca9O uuu Ill tlc CouEoc VI hHoeuCt
wear wonid not have a single dollar a, risk IN that
city. It's losses, though severe, VIII DC promptly
maid out OF its large surplus and Will not al all afcct
Us capiai or credit. it has lelesrapned to all ts
agencies 10 this effect
OF Wall street. have lost s3O000 but they profess TO
nave large surplus and TO bc amply able to SUSTAIN
TINS loss. Their stock they say + wSrth iaS to-day
Company, OF Chicago, reports his conviction that
tbaI company will weather the storm; that Its secre
tary aud manager, Mr. WilliamsE Roilo. Is one OF
the most careful aud conser eSive underwriters,
and would be very Likely TO distribute nus risks ~
ousside OF Chicago very large aud hence nc In
lcrs they would DC comparatively small IN the CITY.
they will be able to meet az losses and
have something left. And rather than let tho
ers will Immediately make good the losses, and thus
enable its o1ccrs to resume business as before. ror
se e r,,nep o their nbs rne other
mes remain In abcMt the same c9nuition III WHICH
Tne fo,owing N an estimate OF the losses IN DIFF
ferent kinds or property in chicago, Considering
ably ably Less ios tnaa reported by tho
Messrs. Goods7li twho are relied upon as carciui
eoons ssss ioss win appcsr e
large. but IL must be remembered that the MOST
valuable par, Of the ssy mas neen lSa M re
saould deyastate New York from twenty. .inir1
street. 70 the Battery IT. can os rey r StmaSed
I'll ioo 900 600 oi properly wonll be consumed. Bus
here ave the nEures:-
AGGREGATE LOSS w ChiChNV.
Ten tholsand house3 turned, ol Wnch 2o0o were
bus4ness houses ana 5000 dwellings,
1000 business houses at S25, COO $50, o0o0 900
1910 a ygipgs averaging $4,000 $4,000, coo
Enunss and machinery attachcu......... 1000 QUO
Total loss In houses alone. sl00 600 009
| o. business houses proaably ten con-
tained goods worth Si,000oO0 each. 600 600
t0 ynnarlcs OF s. O. 90 each .... II O0a 900
! 4o contents worth s25)0C0 each .... 10000, 900
Ioo worth 500 600 eacn 10 600, 900
| 5oo ovcraang S5O,O0) each h,.......... 5000, 0t0
Remaining aud 67o averaging 500 each lG,70O. 900
| Furnilura and other concnLs Of 5000 -
dwellings,, averaging $500 each....... l0ooo'oVu