The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-05-26
To TALK OVER RATES.
savannah Interested in the Tarin
ASsocintion-s Meeting.

The southeastern Tariff Association
meets in Washington. D. G.. next month.
Representative from the Savannah asso-
citation Of fire underwriters will be In at
tendance
The principal business before the asso-
citation will be the revision Of the tariff
and the adoption OF new schedule OF
ratings. Savannah is particularly inter-
ested In this work in view OF the many
threats which have been made by tho
executive committee Of the association to
make horizontal increase In the rates
unless certain demands made by them
were complied with. Some OF these de-
mands have been complied with. The city
mas added a large and powerful engine
70 the fire department. and put in large
water main on Bay street, besides a num-
Der OF minor Improvements.
1t remains to Do seen what effect these
improvements Will have upon the rates.
Perhaps the association may kindly con-
sent, In view Of what has been done, to
allow the rates 70 remain as they are.
a fact Of much more Importance than
compliance with the associations demands
will enter into the making up Of the new
table OF rates, so far as Georgia is con-
cerned, and that is the law passed by The
last legislature allowing brokers to place
HIS dAllG IN the state lot EDNlHdDilS
which have no location in the state and
have not complied with the $4,000 de-
posit clause, as required of companies
regularly located in the state. The re-
suit OF this act has been the placing OF
very large amount OF insurance through
brokers in companies outside Of the tariff
association.
A prominent business man Informed
Morning News reporter yesterday that
very large amounts of insurance had re-
Gently been placed through brokers in Sa-
vannah
Much cheaper rates are offered by the
outside companies he said, land unless
the tariff association reduces it's rates the
amount OF insurance placed through the
brokers will be largely increased. l don't
think there is any danger of the tariff
association increasing the rates in Savan-
nah"
Several insurance agents to whom these
statements were mentioned admitted that
II was true that a large amount of insur-
ance was being placed in this way by Sa-
Vannah merchants 'If the merchants
want TO place their insurance in this
way, and cheapness is what they are look
ing Tor, said one agent, I'VE can place
the insurance for them in foreign COM
panies on the brokerage plan Just as cheap
~ as they are doing il now with the brok-
ers. and put it in good companies. The
ttU1DlS IA AHSutlng III a foreign company,
that Is, one that is not domicled in the
state, is that in case OF any dispute as
10 damage the insurer must sue in what
ever state the company has its headduar-
tiers, whereas if he is insured in a company
which has complied with the state laws he
can, in case of a dispute, enter suit in
the courts right here in Savannah Many
or the companies which are now doing
business in Savannah through the brokers
are what is known as Llotd's companies
They are organized on a mutual plan. a
certain number Of persons agreeing to as
sumo certain amount of liability each
and to divide the profits and losses In
case or dispute the insurer would have
10 sue each one Of the incorporators SEN
arately, and his chances for getting his
money would be very slim. A business
man who insures in a company which
ne cannot sue at his own home under the
trouble for the future