Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1880-10-22
INSURANCE MATTERS.
Second Days Session Of Fire
Underwritcrs' Convention.

NKw YORK, October 2l.-The conven'
ton OF Fire Underwriters resumed lis
session this morning. Resolutions con
demnatory of deposit loans were re-
ferred to the Committee on Business.
=. Stevens offered resolutions provld.
ing for committee To ,onier with leg.
islators with view to u settlement
whereby over. insurance NAV be abroyai-
ed. Mr.. Stevens thought il WAS the In.
terest of the convention to cooperate
with legislators to secure the necessary
laws for the reven.lon OF what he con
sidered the cause OF incendiarism. Re.
erred to the Committee on Business.
GeorseX Oakley, chairman OF the
Committee on Organiz itlon, proposed
Constitution, which WAS discussed ar
ticle by article.
After bri.i discussion, the Constitu.
ton ~ n whole was IA iopt,d aLd or.
derad recOmmiitcd 10 the Committee
on Organization. 10 prepare the bylaws.
The President was authorized To Az
point committee Ia nominate the "i.
icers for the ensuing year. lie named
as the committee: II r. Burners. al the
English companies; J. Goodman, OF
Hartford; Thomas +. jeremiah, of New
York: W. q. CroUrll, of PhIltdclphia;
Alfred James, oi Chicago; r. W. Arm
old, OF Providence, and \. Barker. OF
Boston.
After recess A. Louicn Snovden wa
chosen Pres d ~ The advisory cot /.
mittee includes ."hn W. llsrtwcll, al
Cincinnati, and Robert j. Smith, Of
Chicago. A series 81 resolutions were
adopted, setting forth that IL WAS the
inevitable effect OF all bad legislation
respecting insurance - diminish the
security OF policy holders and materially
10 increase the charges Tor Insurance.
and that the true interests of
insurance companies and their pol.
icy holders we're strictly identics!;
that the conventio protests against surh
legislation ahd Gals on Legislators 10
see % II that laws ehecting insurance b-
veil considered before adoption, and
ssks that no law he enacted respecting
insurance except such a. shall conserve
to the best interests Of honest policy
holders throughout the land. The Bus
iness Committee reported series of rr,o.
ln,ions which were adopted, declaring
-
10 circumscribe freedom of ,pntract
and prescribe int'exible and Uniform
forms of poll, Y. inrIpsslient, e.sary
and iujrrpUs 70 the interest ~ insurer
As well ~ 20 companies; that IL vas the
duty ui al tire underwriters 10 oppose
all such enac'nents by placing before
the Legislature. where sucb laws are
contemplated, considerations viii ch
this association regarded ~ of c)mmsr"
ing importance, a. furnishing GO Z
ounds tor opposition .b'r"to.
The resolutions oil provided Tor the
appointment OF . committee 10 repre-.
sent the members oi this body before
,ucn I,.xisla,ui. as iDas baye siich laws
under CONSIDERATION. aid requested the
compsn.r. doing bn-iness in MAssachu-
setis to,l,lay action under the statutory
form OF p,l' Y prescribed 10y that state
until an adyI-yry committee sbAil have
CONFERRED with the authorities Of that
State and shall hsv. reported their
members of the As alton.
The same JBI.itt.e made q report on
the valued policy Laws, and submitted
for a su )stitu;e the protest made some
time ,go 10 the Legislature against IL
This report Was also adopted.
The committee said it wss divided on
the subject Of .'profit OF insurance" and
On motion the matter vas laid over IN.
iii Tomorrow, when it will be discussed
by the Convention. The body then
adjourned until tomorrow.
!
Ivnchburp, Va, has iutt completed