The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-06-17
INSURANCE NEWS AND NOTES.

The State Insurance Commissioners will
hold their next annual meeting Aug. at
Mackinac. Mich.
The Royal Union Mutual Life Insurance
Company, of Des Moines. Ia, has been
admitted to Illinois.
The New York Board of Fire Underwrit-
ers will continue the fire patrol for the en-
suing two years at a cost of 100000.
Under the law Col. Henry S. Rus
sell Will assume control as Commissioner
of the Boston Fire Department on July ].
The American Surety Company will hold
a meeting on the 18th instant and vote
to increase its capital from 100000 to
s.. 10000
Col Alexander G. HAYES, of San Francis
co, for years the Pacific coast manager for
the New York Life, has been appointed
manager for Great Britain, with headquar-
terS in London.
The Travellers Insurance Company. of
Hartford, has decided to put up $4,000 lin
bonds with the Ohio Insurance Department,
in compliance with the Montgomery law,
to do a liability business there.
The Connecticut Life Underwriters Asso-
citation has selected Alexander HARRISON,
Eli d. Weeks, A. H. Bond, j. G. Rathbun
and Rodney kellogg to represent it at
the national association meeting to be held
at Philadelphia in October.
Ex-Insurance Superintendent Snider. of
Kansas, has blossomed forth as secretary
Of the knights and Ladies of the Fireside
Topeka, Kan. This romantic title repre-
sents an assessment insurance order Of two
hundred members.
At the annual meeting a few days ago
for election of directors of the Mutual Life
of New York the followoing were chosen
to serve in the class whose terms expire in
isss; George s Coz sor AleTsnder H. J Ree
Rogers ss's Theodore Morford and Adrian Ise:
lin, jr. William c. Whitney was elected to
fill a vacancy in the class of 1898.
Just before the final adjournment of the
convention of the Southeastern Tariff AS
ISOLATION. held at Washington. Thomas
president; N. V. Randolph, of Richmond
Va, was made vice president and G. G.
Fleming, of Atlanta, was reelected secre-
tary. A resolution was adopted limiting
the number of agents any company may
have in New Orleans to three; limiting
agents commissions there to 10 per cent,
and reducing the compact commission for
that city from ten to seven
At meeting of the British policy hold
ers of the Mutual Reserve Fund Life of
New York, held at Liverpool, April 20; the
following resolutions were adopted: /.
That the Mutual Reserve Fund Life AS
ISOLATION be requested to place not less than
in rhs n ess OF sbeets
be invested in approved securities Tor the
protection of British polcy-holders. 2 That
local policy-holders TO investigate such mat
ters connected with the association as they
may deem advisable. and particularly to
ascertain what proportion or the members
mortuary calls Is now going into the re-
serve fund. and the extent of the associa-
tons liabilities under all bonds and bond
statements.
The fifty-ninth meeting of the Liverpool
and London and Globe Insurance Company
was held at Liverpool May II. The directors
reported that the fire premium income for
1894 after deducting the sums paid for re-
insuring surplus risks, amounted TO SVW,-
$40 The losses. inclusive of full provision
close of the year. amounted to A,5ll,2
THE account, after providing for expenses.
showed, without the addition OF interest,
surplus of s., 057, $50. which has been carried
to profit and loss account. The Following
was the statement of the funds of the COM
pany: Capital paid up, $1,22S.2cO; general re-
serve S. 500, 900; fire reinsurance, S,V0VO0i
profit and loss. after payment or dividend
and bonus for 1894, So, f10.OSo; Globe perpetu-
al annuity fund, So,5li,VVo; lie ana annuity
funds, $23, 042, 3s5.
The Coast Review proposes reorganiza-
ton of the Pacific coast upon the following
lines. as a way out of the muddle In which
the insurance war has got the business of
fire underwriting there; Let our coast
and mountain associations be organized rs
Follows: Southern California and ARIZONA,
with headquarters in Los Angeles North
ern California north of the Tehachapai)
and Nevada. with headquarters in San
Francisco. Washington and Oregon, with
headquarters in Portland. Idaho, Mon
tana and Utah, with Headquarters in one
of the principal cities. To these four let
there be added supervisory board, or
underwriting court of appeals. in San Fran
CISCO The four territorial associations
could operate inexpensvely and more sat
isfactorily than under the old elephantine
system of the Pacific Insurance Union