Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1886-05-26

insaranee Duslnsss n Daksta.
There Il no direction in which one
can look without observing remark
able evidences Of the steady ard con.
tinued developmet Of this wonder
iul territory. The latest statistics
bearing upon the question are the
figures regarding last years insur-
ance business in Dakota, just COM
piled from the reports made BY the
companies to the territorial audi
tors Office.
The totals are as follows:
Foreign fire companies-Risks
written in 1884, $26, 1885, in 1885
$35, 362. LAS; increase, 8,5O5,79l-32
per cent. Premiums received in
1873, $685. 97: in 1885, $728,837; in
crease, l59,O4O-28 per cent. Loss
es paid in 1884, $339,2S7; in 1885.
1891 1878; increase, S52,O9l-l5 per
| cent.
Daketa fire companies - Risks
written in 1884, 1896, 654; in 1885,
Sl2,8l9,475; ~inrease, $3,512,82l-S
per cent. Premiums received in
1884, S1O2, 522; in 1885, $43O,372;
increase, 1897, 85O-3l9 per cent.
Losses paid in 1864. 1867; in 1885.
$l39.732; increase, S74,S65-ll5 per
cent.
Foreign life companies Risks
written in 1884, 32.l34,508; in 1885,
S., 938,O45; increase, 8 ,803,527-l8l
per cent. Premiums received in
1884, $S6,576; in 1885. $88,53O; in
crease, 81, 1873 per cent. Losses
paid in 1884, &2O.857; in 1882, $780,
44O; increase. $12,583-6O per cent.
Dakota life companies There is
no report made 1885 by any life in
surance company organized in the
territory. and therefore comparisons
cannot be drawn between the trans
actions for the two years.
Total fire business, including hail,
tornado, tightening, etc. = Risks
written in 1884, $36.l63,3OS; in
1885, $48, 1871 800; increase, 1905
612-33 per cent. Premiums re.
ceived in 1884, $672319; in 1885,
81, 1885, 200; increase, $4S9.S9O-7l
per cent.
Losses paid in 1884. $4O4,154; IN
1885. $53l,1 ITO; increase, $l26, 956-
81 per cent.
For reasons already stated, it is
impossible to make comparisons oil
the business of 1885 with that Of
1884. so far as the Dakota fire com.
panies are concerned; but an inspec'
ton Of the figures Of the foreign fire
companies shows that there has beer
a slight reduction in the average rats
charged for insurance. In 1884 tn.
foreign companies took risks amount
ing to $27, 100000, for which they
were paid e57O,OOO-an average o
S2.11 on each 500. In 1885 they
took $35,OOO,OOO in risks for 1929,
OOO-an average Of sos OH eacl
500.
All the fire companies, both for
eign and territorial, did a bushes
Of 8 100000 in premium receipts il
Dakota in 1885. and the total Of los
SEES was $631, 0OO-leaving a surplu
Of $4,000 (54 per cent? for expen
ses and profits. It is ordinarily fig
ured that it costs about 80 per cen
for the expenses. and this, thereE re
leaves the companies "a per cent f.
profit on their Dakota business 70
1885.
Following is a comparison of Da
kota business of all fire companie
for 1885, with that of some of til
states for the same year, showing til
r-- ~~~A4.s~s.sloa-ae r---:--~
ceipts over losses paid: Dakota, 81
Missouri, As; Illinois, A; Connect
cut, 43; Michigan, AZ; New York;
This demonstrates that Dakota is
particularly profitable field.
In this connection reference ma,
be made to the fact that the opinion
has been expressed by some of tn
most obscrvant insurance officials Z
the country that there is no com
monwealth in which the moral haz
ard is better than in Dakota, an,
that il is very much better than in
large proportion OF the states. Tina
is to say, their experience has shown
that incendiarism, ~carelessness an,
other features Of hazard not direct,
included in the condition of tn
property insured, are much less j,
Dakota than in several Of the states
and that none Of them show a bet
ter record in this respect. Thes
considerations, together with the ex
hibit ne to last years profits on Da
kota business, would most certainly
indicate that her people are entitled
to a very material reduction on tn
rates charged for insurance.
If you have not tried A. r. G
rNn~ s,1.. 800 .r:oo- -z.l Al:--