The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-01-14
INSURANCE NEWS AND NOTES.

Fire insurance experts give out figures
for the fire loss Of 1894 in the United States
and Canada as $127, 450, 900, against sl56, AS
S5 in 1899 and s1s2, 704, 700 in 1892.
Mr.. Shepard Romans, president of the
Provident Savings Life, is again in har-
ness, having returned from his trip to Italy
during the last week of the old year.
Upon his return from Europe, which is
expected soon, Count c. H. p. Langrand
will assume the position of chief actuary
in this country of the Nederland Life.
January dividends were paid to stock
holders of Hartford life companies as fol-
lows; Aetna Life, 5000: Travellers; s25 GOO;
Connecticut General, $1,000.
1t is announced that while on certain
lines of business the Equitable Life will al
lines whatever will it exceed that amount.
This is a step in the line of conservatism.
Judge Gregg. of Cincinnati, fined Leslie
York Lloyds, $500 and costs for writing poll
cies in Ohio contrary TO law. 1t is said that
the case will be taken to the United States
Supreme Court.
The total fire losses for 1894 in the United
States foot up to SOS, 7s9, 600, against $1s2.
from $780, 900 to 81, 100000 nineteen from
$500. 600 to $500, 900 and thirty-seven from
100000 to $3.50, 0O0.
By the great fire in Toronto, on Sunday,
Jan. s, which destroyed the Globe news
paper building and other structures, Amer
lean fire insurance companies suffered but
II IOSS was lllOI Ina " tEoAh
which there was a total insurance OF ABOUT
100000. principally carried by English and
Scotch companies. Only two Canadian IN
surance companies suffered.
Judge Andrews. of the New York Supreme
Court, a few days ago denied the applica-
ton for a jury TO pass on certain questions
involved in a suit brought by Dimont NJ:
caldwell against the Mutual Reserve Fund
Life Association. The plaintiff wants an
out of a contract by which he became, in
1887, manager in Liverpool for the COM
pany. :
According to the statement of the United
States Life. the increase in total assets
during the past year is shown to be $15S,-
SS7. SO. On the 31st of December the credit
side of the balance sheet showed $7.093, 1858.
Within the year p~olicyhoiders received a
larger proportion of the 1894, 534. 70 paid out
by the COMPANY; the balance having been
ments.
The New York grand jury, which con-
cluded its labors with the first week of the
William E. Midgley for grand larceny in
the first degree. Midgley was the president
ance and Security Company. and the facts
upon which the indictment was brought in
connection with the administration of the
affairs of that company have already been
set forth.
The trial of the Hillmon life insurance
case began at Topeka, Kan, on Tuesday,
Thomas, of North Dakota. The case has
been hanging fire seventeen years. The
companies concerned are the New YORK
Life, Mutual Life and Connecticut Mutual
of Hartford. The original amount claimed
was $4,000, but the interest has greatly
swollen the original claim.
A case of some interest to those affected
by the industrial plan of insurance was re-
Gently tried before Judge Lynn. In the Sec
ond District Court of New York. Thomas
Walsh, a laborer, sued the Metropolitan
Life for $4S insurance on his wife's life.
The woman died of pleurisy, and the com
pany contested the claim, saying that she
had lung trouble before she was lnsured;
Walsh won the suit, and the company VIII
Hartford fire insurance companies make
an excellent showing in their yearly STATE
ments of assets, surplus and DIVIDENDS Tor
Dec. 81, 1894, thus: Aetna, assets, sle.si.,-
ends, s2o0,0O6. Hartford. assets, ST. 45, 7ss;
net surplus, $500, 347; January dividends,
100000; Phoenix, assets, $o,5Ss,ooS. net SUI
National, assets, So, 549, SIS; net surplus, sos,
298; January dividends, $4,000. Con
n%ecticut, assets, 2,972, 6sa; net surplus. aA,-
assets, 5 ,095,5 64; net surplus, $4o5, $50; Jan
uary dividends, $4,000.
A dispatch from San Francisco says that
three more companies have withdrawn from
serious war in insurance rates is imminent.
The three companies which have Joined
with Arthur e. McGill, of the Phoenix and
Home, are the Commercial Union, the Fire
mems Fund and the Home Mutual. The
insurance men say the dissolution of the
association means a rate war which only
the strong companies can meet. The aSso-
citation has been in existence for over ten
years, and comprises all the old line fire
and marine insurance companies doing
business on the Pacific coast. The compact
was formed to facilitate business and to
protect the companies. The trouble is over
the action of some companies in offering
the rules limiting salaries and commissions
paid to agents.