New-York tribune., 1876-02-29
ANNUAL INSURANCE REPORT.

AN UNFAyOR4BLE YEAR FOR THE COMPANIES
STATISTICS or BCsINEss-INTEgISTING Plan
FOR sroPpING INCENDiAtIsM--AN EVIL THAT
NEEDS PROMPT AND SURE REMEDY.
lBY TELEGRAPH TO THE TRIBUNE.I
ALBANY, Feb. 2S.-Mr Smyth, Acting-Super-
intendeut of the Insurance Department has competed
his report on the condition of the Fire Marine lnsdr-
ance Companies doing business In this State The re
port which the seventeenth annual OF the Department.
makes unfavorabc exhibit Of the business OF the past
year. showing mark d decrease In tho gross amount OF
business done and increase IN the amount OF 10 ses
The report Of life and accident insurance companies
will be prepared later. The report shows admitted
assets Of tse fire, fire marine, and marine Insurance
compane. to amount to $40 0O2.O37 ~ being an in
crease of $40 76S, $50 o. over the report tho
preceding year The liabilities excepting scrip and
capital amount S5i 900 7OJ OF. which Is decrease OF
S63q 400 II from the amount returned in the previous
report The income Of the year was Ss3,6ll ,39f o.
and the expenditures S7O62S,32s 49, being decrease
on the OF the previous year S32i27i and an
Increase ON the expenditures OF S2,l37,202 80 The
whole number Of companies reported last year 227
four more than In 1S7i.
The gross assets OF al the rating 1re fire marine and
marine Insurance companies doing business IN THIS state
close OF the h.cal year amounted to si2-l7l- :
O76 3S The JOINT companies of this State returned
$4,000 223 90 the stock companies Of other States,
Io33S7 90 the New-YOrk mutuals. $3.50 2J9 80
and tho other state muual-. S2G,6,22i 3d. Except ng
scrip and capital the liabilities Of these companie' ae-
gregae S3gG7lili 10. those OF New-York stock com
plnics being ~ Sj9 80 IL OF other state stock com
panios .3,7O3.p.s II Of NewYoIk mutuaIs, $251. =.
COZ TO- nud of other state mutuas, Ss59,5sG 81 Tue
whole amount Of scrip liabilities Is Sl7s2J7O and the
whole amount OF capital $50 373 10 30. The income oi
tLe native companies during the year aggregated SOL.
2c32l7 s aud thocxpenditurc $53 27G 933 49, the oN
cess of income beng Ss33576 IL. while 80 compan cs
appear to have expended Fjsol75 30 more tnan tncy
eccNod.
The asset Of purely marine companies are s2o6oo-
7OJ ST. an excess Of Sli996 - over tue amount re-
turned In 1874 and The liabilities S7l6l,sS2 o. show
ing decrease Of SJsS Coz 90 from the amount reported
the preceding year Tho record % the business done
shows that 2x7 companies had SlG3i9 l9- 90 Of net
assets covering fi.ks amounting to S6,i53 ii3,21o'
which was - % ON every hundred dollars Insured
during the year o recclpt of l. in gross
premiums They undertook 10 cary e79O- s96.o7S of
risks at an average ~ % foreyery hundred dollars
Insured.
Probably the most interesting ~ the various recon-
mcndaiions OF the SucFmtcndens report is contained
n his Of The alarming prop0rt ON OF ncendy
rc- winch lac estimates to be from p 10 30 cent ~
the total number Of fires. lie proposes eNpcdent,
TO make sure of thorough Investigation into the caus
OF fires and the punishment Of nr niarirs. thc same
method that ha. been adopted In France. and parts Of
England, scotland and Ireland when there has been -
marked tendency roting and arson, viz Compel the
city, town. or village corporation 10 ay te losses In case
Of arson.