Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1872-11-13
THE INSURANCE COMPANIES.
British Losses.

LONDON, Nov. 12-The insurance In
London companies upon property in the
burnt district of Boston is $2,500,000. A
commissioner is to be sent to Boston by the
London companies to investigate the origi-
nal cause and progress of the confagration
as subjects of general Importance to insu-
rance interests.
Boston Companies VIII Pay an Aver.
age of SO per cent.
BOSTON, Nov. II The insurance CON-
panies at meeting to-day appointed a
committee to wait on the Governor and re-
quest him TO call an extra session of the
Legislature with view Of preserving their
charters and keeping the insurance bust
ness at home. A meeting of the citizens of
Boston at fremont temple is called for noon
tomorrow. A table relating to insurance
gives the number of companies doing busi-
ness in Boston at 95, which includes twen-
ty companies admitted since the publica-
ton of The report of the Insurance Commits
sionsr. The total amount of capital of the
companies is S3S,025 900. The companies
having a small amount at risk and last ad-
mitted will pay the amount of their poll
cies in full. The Boston companies will
pay from 20 to 100 per cent, or an average
of so per cent. Of the amount of their
risks.
The following list obtained from othev4
sources gives the approximate figures of the
amount at risk by the companies named:
North American, Philadelphia, $4,000,
OCO; Royal, London, $l,330,000; Franklin,
Philadelphia, $3.50, 600; Home, New York,
$50, 900; Continental, New York, 100000;
Pennsylvania, Philadelphia, $500, 900; State
Pennsylvania, $275, 900; American, Phila-
delphia, $500, 900; Black River, Watertown,
100000; Niagara, New York, 1000; Ger
mania, New York, 100000; Republic, New
York, 100000; Peoples, Worcester, $780,
900; Union Mutual, 100000.
LATER.-A preliminary meeting of in.
surance adjustefs of the leading American
and English companies was held at the Re-
we're House this evening. The meeting was
organized by the choice of Z. j. Bossett,
of the E5na of Hartford for chairman, and
H. Z. Bowers, of North British, for Secre-
tary. ThirtF-siX companies were represent
ed. No definite action was taken. 1t was
proposed to appoint committees to settle all
the various classes Of risks. The meeting
adjourned subject to the call of the chair
man.
At meeting of the Governor and Ex-
ecu tive Council this evening, the Legisla-
ture was ordered to meet next Tuesday.
New YOrk's Report Of Losses.
NEW YORK, Nov. 12.-There were two
applications to-day for the appointment of
Receiver of the International Insurance
Company, one the Stockholders and anoth-
or by the Directors. Both will be q anted,
and Barvis Slade was appointed in behalf
Stockholders, and John Camerder on behalf
Of the Directors. The latter justified his
bonds of one hundred thousand dollars and
now has possession of the Company's
books and funds.
The Spectator furnishes the following
list of losses of Massachusetts Companies:
The American Boston 81 ,000, 900; Baystate
Worcester, 100000; Boston, Sl,5O0,O0O,
suspended; Boylston Boston, $900,000, sus-
pended; City of Boston S1,200,000, suspen-
ded; Equitable Provincetown, suspended;
Exchange Boston $25U, 900, Suspended; Fan
ueil ball Boston, suspended; Firemen's
Boston $4,000; First National Worcester
$2,5000,000, suspended; Glancester, suspen-
ded; Howard Boston suspended; Lawrence
Boston 81 100000, suspended; Merchants
Boston $1,000, 600, suspended; National
Boston, suspended; Neptune Boston ST.
10000, suspended; Peoples Worcester
100000; Prescott Boston, suspended;
Shoe and Leather dealers Boston, suspen-
ded; Springfield $250,000; Suffolk Boston
100000, suspended; Washington Boston |
ST 100000; Worcester Mutual $4,000; |
Mechanics Mutual, $l,300,U00; Moss Mu- |
tual $l,20O,OO0; Merchants and Farmer |
$500, 900; Quincy Mutual 100000.
The Standard Company of this city,
which was reported suspended, is perfectly |
solvent, having assets after paying all Bos-
ton losses Of $270, 900, and continues bnsi-
ness as usual.
Columbus, ..
COLUMBUS, Nov. 12.-The Boston Gen
eral Agent of the Home Insurance Compa-
ny Of Columbus telegraDhs here tonight |
thai the total loss to the Home by the Bos.
ton fire is SAT, 800. As the company has |
5000 reinsurance, it makes the actual lose
s42,5OO. The loss will be paid promptly