Omaha daily bee., 1894-03-04
Insurance Items.

The salvage corps idea has drifted into
trance.
There ls much trouble at Albany, N. Y,
on account of the deficient water supply.
The New York Life will hereafter print
in red ink on the margin of its applications
a notice concerning the law against rebat-
ing.
out saying, but the utility of such a system
as a private enterprise has yet to be deter
mined.
"The Unwisdom of Anonymous and Mis-
leading Literature" is the topic for discus
sion by life underwriters associations this
month.
Natural premium companies have distrib-
uted in the past twenty years half billion
dollars, to widows ana orphans. They pay
at the rate of $l,OOO,0OO weekly.
The bill exempting railway ticket agents
who sell accident insurance tickets from
paying the regular insurance license fee was
defeated in the Georgia Legislature
The Boston Store fire losses have not
been paid as yet. but basis of settlement
has been reached and it is said losses will
be fixed up within the next week
Advlces from Fargo, ~ D., state that the
recommendations of the inspector regarding
the defective electric wiring in the city are
being carried out as fast as possible.
Steel hull vessels have not proved profit
able for marine underwriters. and 1t is
asserted that they intend putting them on
a par with or lower even than wooden hulls.
Underwriters at Hagerstown, Md, demand
that the city council provide fire-alarm
system, shut-off nozzles for hose, a paid
fire department, additional hydrants, in,
crease in the water supply, etc.
The electric light fires in the south have
caused companies to cancel out on many
plants where the inspector has reported de-
fects. The wiring in some North Carolina
towns is so bad that rates have been in
creased.
The fire insurance rumpus at Louisville
seems to be growing. About half dozen
strong companies are out of the board and
are writing at old rates, while board com
panles are trying to hold business on the
new and higher rates.
bill is to be introduced in the Ohio
legislature requiring accident insurance COM
panies to deposit with the insurance COM
missioner bonds or securities to the amount
of 100000 before receiving a license to
transact business in the state.
At the February meeting of the Louis
lana Sugar Planters association it was sug-
gested by A. A. Woods of New Orleans that
fnutual insurance company for sugar
houses be formed. The planters are dis
satisfied with present rates and clauses.
The matter was discussed at considerable
length.
Recognition of the act of Superintendent
Snider of the insurance department of Kan
sas has at last been taken by officers of the
Home Insurance company of New York, and
within few days agents in the state will
receive notification to suspend business until
the dispute is settled and the Home re-
stored to it's rights.
The Weekly Underwater discredits the
story that organization of fire insurance
managers is being formed to supersede the
New England Insurance exchange and
Southeastern Tariff association. "It is not
likely" says the Underwater, "that fire un-
derwriters will, at this time, abandon any
aids to successful prosecution of business,
least of all that they will destroy the two
eastern associations upon which they have
heretofore so fully relied"
The insurance commissioners of Pennsyl-
vania says: while l regard life insurance
purely as a business, and not as charity,
yet in every thread of its warp and woof
l can see the golden tints of the sweetest
and rarest charity in the world. 1t is one
of the ladders reaching from heaven to
earth adown which comes the answer to
the prayer of the widows and orphans as
they humbly list, Give us this day our
daily bread.
The thirty-ffth annual report of the New
York State Insurance department gives Of
fetal figures showing how the fire underwrlt-
ing institutions Jared in 1893 The fire pre-
miums received were $21, 800, AS; fire losses
paid SIS, ,143 ,S3G.72; fire losses incurred, S15-
1O6 G01. 3d. The estimated amount of ex-
pense for the transaction of this business Is
now taken by the superintendent to be
| SO 1-3 per cent instead of 30 per cent, which
latter amount has been the percentage as
sumed in the case of this item heretofore. 1t
is $7230, 19f49, which, if added to the in
Cured losses, makes a total of $22, 1885,
1864; showing, as compared with the pre-
MUM receipts, an apparent net loss OF
S646, 352. SO.