The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-05-21

In the general showing fer the past
years insurance business Utah cuts a
pretty good figure. The total amount
of premiums received was $294, 621, and
losses paid SIPS, 476, making the loss
ratio but Al per cent The loss ratios
of the other Pacific coast states and
territories were as follows:
Alaska, so per cent; Arizona II per
cent; Colorado. 55.6 per cent; Idaho,
1866 per cent; Montana, S5.7 per cent;
Nevada, 34.5 per cent; New Mexico,
592f per cent; Oregon, 7O.5 per cent;
Warrington. 54.1 per cent.
Exclusive OF the Home of Utah the
company having the heaviest premium
account in this territory for the year
was the Liverpool, London 6, Globe,
with $15.570 and losses of $3,514. The
lowest was the St Paul, with $l25. By
long odds the heaviest losing company
doing business in the territory was
the Continental, whose premiums ag-
gregated but $3.50, as compared With
losses of $l5,SS4 Only five companies
escaped without loss. They were the
8onnecticut, Imperial, Lion, St. Paul
TaSd Teutonia. The company having
the lightest loss ratio was the North
British Mercantile, whose premiums
We're So Gal and losses $50.
Quiet in the Northwest.
General Agent Okell. of the firm of
Oken, DOnnell & Co, representatives
Of the Patriotic and the Employers
Liability, with headquarters at San
francisco. was in the city yesterday
for a few hours, having come down
from the northwest on tine morning
train. In the afternoon he accompan-
led Captain DOnnell, of the local
branch of the Board of Fire Under
writers Of the Pacific. as far as Ogden
and left for the west on the night
SraiIl The gentleman has been in the
d north and northwest for some time
NJast. and to a Herald reporter stated
'that matters are comparatively quiet
in those districts, the rate cutting be-
ing pretty much confined 10 MiSSoula.
Sinclair. of The Home and Phoenix. is
there to be sure, but if he is doing any
thing heavy Mr. Okell claims 10 have
failed to ascertain the fact. Speaking
Of the condition of affairs on the coast
the gentleman stated that this cut
ting and slashing will of necessity
cease in a comparatively short time;
for" continued he men of ordinary
business selise only make fools OF
themselves for a limited length OF
time" This feeling of coming settle
Insfat expressed by Mr. Okell does not
seeA& to be shared by the Coast Re-
viy% which in its last number takes
a ther blue view Of the fire i1lsur-
anJ sin uatiOE on the coast. The Re- |
view now has d plan of its own for
the settlement of the difficulties which !
beset the insurance business Of the !
district west OF the Rocky mountains, |
and advocates the division of the jul !
Tisdiction of the Board of Fire Under |
writers 81 the Pacific into four dis
trictS, with a general organization in |
h .;- e 10 hn dos !
ignated as an underwriting court of |
appeals. Here is The suggestion made |
by the Review as TO the division of the |
present great district:
Southern California aud Arizona, |
with headquarters at Los Angeles.
Northern California. (nOrth of the |
TehachapaD and Nevada, with head |
quarters in the city of SAN Fran
cisco.
Washington and Oregon. with head
farterS in the city OF Portland
idaho, Montana and Utah, with /
headquarters III one Of the chief cities
OF the district.
These four territorial orga nizatious
could operate. Il is claimed, much mora !
economically than is within the power
Of The Board of Fire Underwriters OF
the Pacific, which carries out the ideas
of the defunct Pacific Insurance union.
Meeting Heavily Attended.
The meeting of the local board yes
Herday was one of the most heavily at3
Tended in the organization, one Of the
reasons being the presence of F. Q. L.
Buck, western agent of the Liverpool,
London e Globe, the greatest insur-
flrce company in the world, whose
Irrespective attendance had the eject
Of getting out THE agents in splendid
shape. During the meeting Mr.. Buck
made short talk IN which he stated
that the rate cutting so prevelaut on
the coast has not reached Colorado and
it, seems hardly likely that it ever will.
E-ts TOW on the way to the north
W for the purpose of looking after
Yl1e interests IF his company in that
section. During his Short stay in this
city he viii devote the time to an
inspection of the business of the
Liverpool, London & Globe for this
territory.
Some Changes Coming.
1t was ant1cipaIted that a slight
change would be made i'm the bylaws
Of the board at the r1eeting yesterday,
one that would enable the members to
do a little competing for business by
q system OF notification, I'm order Shat
the agents whose business was ex- :
piring might have an opportunity of
protecting the same before other
houses stepped in and opened the COM (
petition This matter went over I'M
til the next meeting, however, when
the proposed resolution with more than
likely receive favorable action. During ,
the meeting II. P. G. Coates was
awarded a leather medal for being the
champion buffer of the crowd, the &C. J
cssion being the Introduction by him
Of a resolution which would have :
Enabled every member of the board to
have slal entered the business Of every
other agent without fear of conse-
1uences. Tt is probably needless to say
THAT Coates recorded the only aye vote
when the resolution was placed on its
passage. a total Of nineteen adverse
serlt IL to the table for good and all.
Replaced the Window.
The Metropolitan Plate Glass Insur-
,nce company, represented here, by A.
Il Jacobs, yesterday replaced one of
fie. great plate glass windows OF the
store Of F. Auerbach and Brother,
7alued at S16S. The glass was broken
through the falliDeN ofIa hammer from
he story above.
NO MONEY! REFUNDED.