The Hawaiian gazette., 1883-08-08
The Liverpool and London and Globe In
snrnnce Company.

For the purposes of efficient protection against
danger from fire we must have solid and enduring
strength. multitude of companies that are Will
inc TO take premium from the people, aud TO stand
bv them through the halcyon days of the business
of fire uuderwriting, are apt, when seasons of
severe and continuous losses arrive and succeed
one another, TO fall away and become no better
reliance then broken reeds. When their protec-
ton is most needed they fau. They are Tor TINS
reason untrustworthy. for who can tell when their
contract of indemnity will not prove SNARE and
attain 10 the inyincible strength derived from that
complete, worId-wid average OF risks IN ire IN
surance which fortifes the Liverpool and London
and Globe against all times and contingencies,
whether ordinarily destructive or exceedingly
disastrous so effectively that the stockholders
hardly experience any difference between the mild
seasons and tine most severe. But each OF these
few long established and powerful companies Is a
Pharos in the sphere OF fre underwriting, anu ~ l1
| the darkest and most calamitous years oI the
| business sustains and fulflls the hopes OF the
| the thousands that depend its indemnity for
financial redemption Thus they keep bright the
name and honor OF the institution oil hre unuet-
writing
At the forty-seventh general annual meeting OF
| the proprietors of the Liverpool and London and
Globe Insurance Company, held IN Liverpool on
| the 18th uIt reports and statements were read
| and speeches made which gave a very clear and
comprehensiye view of the business and methods
of this greatest of existing fire corporations, Noh
nc ciJe{e Of ,rlosc risks The sHH nereT SETS From
| the company did, last year. very conservative
| business and, by reason of its careful manage
inent escaped many losses that 1t would otherwise
| have had to meet, and than IN tine great nres III
| which il was involved, such as the Wood street
| fire Cheapside London, it was visited with a
much lighter experience than befell Its conteni-
poraries This good fortune was not accidental,
but the result of tie companys policy to refrain
| during the prevalence of inadequate rates and
| almost desperate competition from taking part IN
the demoraliZng race for business at any cost and
| hazard especially where merchandise anc other
property are dangerously concentrated and stored,
and insufficiently shielded from the perils of an
| outbreak and devastating spread OF the hames
| But the company's high and enviable reputation
! for prompt and liberal payment of losses, even
| when amounting to over three millions, as they
| did al the great Chicago and Boston fires, has
| given it the "pick of the worlds business, and
! its fire premium income, last year, after deduct
| ing the risks reinsured, amounted to S5,o51 800
| an increase of $167,7S7 over the previous years
| Against this income stand the company's losses
| S37j9,09j showing gain of $S1,OO0, which, with
| receipts from interest, amounts to TI65y345, and
which, albeit only 81 per cent, on premium IN,
come, amounts to 5Oper cent, on the shareholders
| Such are the rich and ripe fruits of the fore
| sight and providence which, IN prosperous days
such as followed the great Chicago and Boston
| fires accumulated and set aside reserve fund o
| S75OOOOO and other protective funds, which givI
| the company solid bulwark of assets OF abou
ten and quarter million dollars, more than hall
| of which Is invested in the best and most pro
ductive American securities, giving its policyhol
ders in the United States the protection of tha
amount--at least 80 per cent in excess of all thu
| company's liabilities in this country.
An insurance company like the Liverpool ant
London and Globe, which not only has spent, bu
which can afford to spend, in one year couple o
millions Of dollars in the United States over ant
about its receipts during that period in this coun
:; try increasing its assets by over million dollar
at the same time, necessarily and inevitably com
mands the entire confidence and the best business
of the land. 1t is therefore, no wonder that thu
progress of its business in the United States ha
been immense, running up from its net fire pre-
miums of $SO903 in 1851 to s., ,115 165 in net pre-
MUM receipts III 1882
The Liverpool and London and Globe is no
only the greatest fire insurance company of th
present but the model for the fire insurance com
panies of the future, which will be so completed.
fortified by worldwide and eXac.ly-balancet
averages, and so strongly intrenched behind thei
vast reserved accumulations as to bid defiance I,
confagrations of the most extraordinary magni
tude and to successive seasons of fiery calamit.
| and loss, and to leave in the lexicon of regular
practical and scientific fire underwriting "no sucl
word as fail. THE Insurance TiDics.-JHie 1883.