The Providence news. (Providence [R.I.]) 1891-1906, 1894-09-20
INSURANCE..

Up to the present time AZ Lloyds have
been organized and are doing an individ-
ual fire underwriting business.
~ From the report of the committee on
statistics, made TO the executive commit.
tee of the National Life Underwriters
Association, it appears that,t he,total num-
ber of general agents or managers employed
in the United States by all the life com
panies is 1893, and that the number OF
agents employed in the United States by
the life companies reaches the enormous
number OF 40,673.
According to a rumor from New Eng
land, four assessment companies doing
business in Maine will soon unite under
the name of the Maine Mutual Life In
uurance Company. 1t is understood that
w. A. Roberts, president of the Kennebec
Mutual of Waterville, is engineering the
scheme.
Rev. Or. Parkhurst, whose fame has
travelled far and wide for his efforts TO re-
form the municipal and social life OF New
York, denies that the church over which
he presides on Madison square is to be
sold for $500, 900 to make place for an ex-
tension of the big marble palace of the
Metropolitan Life, which adjoins the edi-
fee.
The news is waited across the Atlantic
that the University OF Vienna is to start a
department of insurance, with course of
lectures and ''the study of insurance in all
its forms"
The North German Fire of Hamburg,
which re-entered the United States by the
way of Chicago last September and has
been doing only surplus line business
since in the metropolitan district of New
York, Is now extending its business regu-
larly into New York, New Jersey, PENN
sylvania, Connecticut and Maryland.
Recent experiments in New Orleans ex-
ploded the long held opinion that incan-
descent lamps are perfectly safe. In one
OF the tests a lamp was dropped into can
OF gunpowder. The globe smashed. the
powder went of, wrecked the room and
seriously burned the oyer-confdent ex-
perimenters.
The appointment OF the Kehew- Bradley
Company as Boston agents OF the Guaran-
tors Liability Indemnity Company OF
fhiiadelphia was not approved by the
Massachusetts Insurance Department, as
the law of that State prohibits corpora
hons from actinga as Insurance agents.
Justice O'Brien. in the Supreme Court.
has appointed James w. Gerard referee 10
4''>'' eP~h elN IShlAlOu Ol n majority OF |
the directors of the Liberty Insurance
company for voluntary dissolution.
The company was organized i'm 1887 with n |
eapitai OF sl,000,0O0, which was suh- /
sequently reduced to 100000. No divi-
dends have Decn paid since 1891. Among
the directors are Julien II. Davies
Louis Fitzgerald, James McCreerv. John |
Sloane, John III. lnmGn and Oliver A mes
The Anchor Fire OF Wheeling. w. Va
IN underground concern, has "gone wbsre
the woodbine twineth."
The Broadway Lloyds and the Cen,,,r
Loyds are the two latest additions 10 ~
rapidly augmenting list OF individual aro
underwriting associations. Tynberg q |
20. In associated with the first named and |
William Daynes has worked up the Cen |
kury.
The Home Life has established a metro- |
politan department in Boston in charge Of |
4. w. Boody, superintendent.
The Adqoidneck Mutual Fire OF New
port, r. l., has begun to do business.
The fitchburg (Mass.) Mutual Fire has
lppIied for admission TO Ohio.
William Burr, founderer and editor Of
he London Insurance Post, died recently.
Iged n years.
John III. Kattenstroth has RESIGNED tho
'psftion OF local secretary Of the CONNER
'i>l Union at the New York osice. which
'e has occupied since the reinsurance of