Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1893-01-06
The Companies Will Probably
Seek to Have 1t Re-
pealed.
Milwaukee's Alleged Incendiarism
StlrS The Brethren
Up.
The Insurance Side of the Case
Bad Effect of the
Statute.

| ShRSdSo, LIZ, OtC. OU.-ldlk among
Insurance men OF this city is all upon
| the Milwaukee, nreS with the CHARGES
OF mcendlal1sln. Opinions seem to vary
considerably as to the cause OF the tres
and us TO the most effective attitude
1or the companies to take i'll the mat
/ ter. But one thing seems certain TO
eventually be great factor Ill the
companies policy toward Milwaukee
and Wisconsin i'll general, and that IS
an organized movement to bring about
| the repeal OF the law on The Wisconsin
statute books which provides Tor The
payment OF the full amount of the
policy Ill case of complete loss. This
law has worked to great disadvantage
ilnon& The companies during the recent
fires, and has been the cause OF innu-
meraDle suits already commenced
against the companies. 1t is said that
Ieler Doyle, who, as secretary OF state.
drew up the law Ill question, is now,
as an attorney, reaping Il pretty reward
by bringing suits under It's provisions
In conversation with Il prominent i'll
sufance man Oh this city, some OF the
companies possibilities OIL redress We're
brought out. Inc reporter asked il the
report tnaI the companies Will With
draw from Milwaukee, might be sub
Stimulated.
i DO not believe that anything OF
that KIND viii be attempted" SAID the
/ gentleman, Tor the companies have
learned better by experience. A lew
years ago Lney tried that III New Hamp-
SHIRE, and us Il result Il lot OIL little local
companies We're started and took up
Tie business. The average owner OF
10 ills local agent, and Il great many 10
not even KNOW LII what company lney
tire insured. Consequently owners LII
.NeW Hampshire uIu not 1eel the loss OF
lie regular COMPANIES particularly, and
the latter were Slid enough 10 sneak
back into The STATE i'll Il very htue
while
In what manner does the present
law work TO the companies uls;tu-
yantage!'
In every way. People think insul-
ance companies are little better than
sWindlerS on Il large scale, and they
let no opportunity slip by to uefraud Il
company, IL such opportunity Is given.
Your conscientious Christians, your
preachers and your aeacons, among
whom are often people who would scoln
til do what they regard as Il dishonest
act, VIII cheat an insurance company
every time and brag about it alter
} W;ud. Look at it here. This is the way
that law works. Ii Il person takes out Il
policy Tor $4,000 on Il house worth
$4,000, and the house is completely de-
suUyed by fire, he can collect the en-
tire $1,000 from the company. In
. other states the company can order an
appraisal by Il committee mutually Sc
!; lected, and the owner is in Il fair way
; to receive all that he deserves. l made
, the other day on her house, which was
entirely destroyed, and which she said
was worth $1,000, the full amount Of
the policy. l offered her 81 400, and
she agreed to an appraisal. But when
the appraisers reached the same deci-
sion as to the houses value as l did,
, she decided to sue tor the full amount
OF the policy. OF course it is human
, nature to make as good a thing out of
an investment as possible, but when
the law operates to aid u person in
openly cheating Il company out of four
OF live hundred dollars, it is time that
something be done to such 4 law. Most
! all the people suffering residence losses
by the recent fires were Ill a great de
gree really benefited, for their prop
erty is worth more with no buildings
on it than it was before. The land is
. being bought 1T good round figure by
railroad men for a right of way
What do you suggest as a good plan
. to bring about the repeal of the law"
The most effective way | can see is
for the companies to all combine and
meet one law with another. II the
companies would all agree to write nc
insurance on a Wisconsin building until
a formal appraisal, by a mutually Sc
Iected board of appraisers, had beer
: made, l think it would have the effect
The usual method of appraisal is fol
the company to select man, the owner
> to select one, and for these two to Sc
: lect a third. It would require no state
= legislation for the companies to make
> such a regulation. They could, to make
: it more effective, require that the prop
: erty owner pay the costs of appraisal
. The result would be that property own
ers would find that the costs of ap
praisal exceeded the cost of the insuI
ance. Then a big cry would be made
for the repeal of the obnoxious law.
tell you the insurance men are in earn
est over this matter, and are ready t
combine to secure their ends
e
A Growing Child's Food.