The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-12-09
INSURANCE NEWS AND NOTES.

Two new projected Iloyds are the Cres-
York and Philadelphia Underwriters.
The Security Trust Company. of Phila-
delphia, has been admitted to the State of
New York to transact life insurance BUSH
ness. =
The Preferred Accident Insurance Com
pany. of New York, reached Its tenth ami
verSary Oct. 10. 1t claims to now have
nearly $1,000 policy holders.
The Svea of Gothenburg. Sweden. will
and also put up $4,000 with trustees. Weed
& Kennedy will be the managers.
The Governor of Georgia has signed the
bill to compel insurance companies to pay
the full amount of loss sustained on prop
erty covered by policy OF insurance.
The Lloyds doing business i'm New York
city have organized to establish a central
bureau OF information. and committee on
days. tse
Max Bachmann. has been arrested at
Montreal, charged with swndling fire in
surance companies, BY renting houses in
their destruction by fire, thus securing the
insurance money
The standard fire insurance policy form
is satisfactory to superintendent WaddiII
1t is expected to go into operation Jan /
but probably viii be fought by the muiuals
and others in the courts.
Enough has been collected of the assess
ment levied by the late Suffolk Mutual
Fire, of Boston. to enable the receiver to
pay dividend of 80 per cent of acknowl-
edged losses, and pay return premiums to
those policy holders who have Responded to
the assessment call. 81
According to the best information OBJ
tainable, the American life Insurance COM
panies have to-day about $0,0000o0 OF in
surance on the lives Of women Allowing
5000 per policy. IT follows that about rs 900
women in the United States have made
provision for their own future need or
that Of oilers. ttit
George II. Ripley. who was for many
years years president OF the Home Life Insurance
few months ago. took out a policy i'm the
Mutual Life. of New York. in iS47 for So. 500.
Recently his estate was paid on this in
creased to this amount by dividend addi-
lions.
LIE Grand Cannon Tibbits, of Troy. n. Y.
who was elected State Senator at the No
vember election, celebrated the event by
the Mutual Life, of New York Mr.. lib
I f Sn of
ty, and is president Of the Republican Club
of Troy. erfTi
John II. Kase. president of the Firemen's
in that city on Tuesday. from r. m t typh Sosd
fever He was born at Stewartsville, War
rem county: New Jersey in 1871, and opened
in time. became very wealthy. For many
years he was president of the Second Ma
tional Bank. IS esf
The insurance committee of the Business
Mems League of st. Louis has reported
against the continued enforcement of the
Missouri valued policy law. and in favor of
INSTR af the attorneys OF the league to
intendent to enjoinc him from endeavoring
In any way to carry out the terms of the
act until its constitutionality shall have
been passed upon.
Following are the names of the life in
surance companies which signed the anti
rebate compact. violations of which are to
of Massachusetts: New York Life, Mutual
Equitable. Mutual Benefit Metropolitan
TmiOn Central Pr pdsn Aetna Massa
! Savings, National, Germania Manhattan
| Home, Union Mutual, United States Wash
Life. state Mutual. John Hancock. Berk.
| shire, Connecticut General and Kansas Mu-
| tual tr.s
| According to Fire Marshal HOLSTER, the
| fire on Broadway, New York on election
| night, which destroyed the Manhattan Saw
| ings Bank and the Empire Bank on the op-
| posite side of Bleecker street. involving q
| loss of about S1.000000. was of incendiary
| origin. He has made elaborate investi-
| cation of all the circumstances and does
| not hesitate to say that his suspicious are
placed upon single person as the guilty
author of the fire. and that this man is no,
| member of any frebug gang. The fire
ent motive was for personal gain. No ar.
rest has yet been made
or the 47O men who in 1913 agreed to take
| certain insurance, and thus formed the Mu.
year of birth. are: w. E. shepard New
city 1903: w. A. Booth. New York city. 1865
]. Tuckerman, New York city, 1911: &. r
| Fessenden. Boston. Mass. 1910; II. A. Hurt
| but. New York city, 1908; H. K Bull. New
| York city. 1914; Samuel Colt, Hartford
Conn. 1919: w b. Gould, jr., New York
city, 1876: A. b; Scott. Hudson, n. Y, 1872
| Page. Upper Montclair, n. j., 1913. The
youth of this group is Samuel Colt, who Il
c. III. Booth He is in his ninety-third
| year.