The times. [volume] (Richmond, Va.) 1890-1903, 1895-03-01
WAR HAS BEEN DECLARED
A BATTLE ROYAL BETWEEN INSUR-
ANCE COMPANIES.
The Southeasiern Tariff Association and
the Nom Board Organization TO Adam
don Their Regular Rates.

For some time past there has been much
concern felt in insurance circles caused
by certain nsc insurance companies de-
clbirg {, conform 90 the rui,s and reg J.
Iations Of ne local Board OF Undctwr.-
terra. which is governed in turn. especially
in the matter of rates, 10y the Southeast
crn Tariff association.
This large combination Of companies
about year and a han ago forced al
the hrc Insurance agents in Richmond 10
adopt their rules and methods. \ ld-se
meeting was held of the agents all over
the State at the Exchange Hotel In this
c,ty. and while there was determined op-
position 90 the association. the threatened
loss OF their companies represented ln the
association caused them to come under
and accept reduced cOmm -sions Tor their
work
For a time an came under a scale Of
rates and The same agreement, ana every
thiug work a smoothly.
From time 90 time what are called non
board companies that u.s. companies not
bound by Tie southeastern Tariff Assoc
citation rates came iuto the city as can
oldstes for business.
They succeeded Ear beyond the cXpecta-
items OF the board agents. and goo9 bust
ness commenced 90 cnJDgo from board 70
non-board companies.
WITHDREW FROM THE BOARD.
4 few weeks ago one or two well known
agents claimed that AN thc members OF
the board We're not living up 10 the rules
Of tho organization. and withdrew from
the local board
ON thc 18Th Of February tho board held
meeting and discussed tho unsat.sfac-
tory condition Of affairs and determined
10 RI. rgauIzc on basis that they hoped
would reconcile alI the differences.
They failed iu thIs undertaking. and tho
on-h'arJ agents declined 90 come into
Tho organization.
They then determined TO meet tho sill
udnon by cutting rates whenever they
came .n competition with the uou-board
companies. This means two combiua-
u"hs .'no of the uon-board companies
AMI OBJ" other composed of those com
Uanies iu the Southeastern Tar,rf hs.,-
tIdlon doing business i'm this citv. Just
WHAT Oh" result viii Doe remains To- bc
seen. 10 iS likely 90 bee a. battle r,yaI
ana mo insurer is likely 20 ger reduced
premiums ON mis- expiring polipie.. n
me h-ht is similar 10 others that h,yo.
i'h'n pia." betcr- ina the history of I'M
suftnc' competition.
ON The 2d instant tho local board held
u meeting and determined ON the action
before mentioned. and issued . pir.rI.r
y" D." sent 20 the fire INSURANCE com
panies represented Boy the agents nm tho
local Board of TrJ.rVritlr. If pit
mond. ''''''
his circular flftrr e..
You have from time to ti,nc 1,oo AL
hysin,ss d., .', .. ,'i,lpeliiIon for Richmond
panies i'm our mi'lsf .p, ,,.,., ana com
have complained Of J..,ia@a names
receipts from This ci-, 1,,o .l,. t ,''''lI,
agencies represent the Gorp,ni, -, So
Oik Continental of N.u.. yl,i.
of Baltimore. Richmond ,I,,ti,"i ''i',i'I
Mechanics Of Eiclu,,pJ ,.,
IioFds that have been regularly. Itsor.o,I
hF the state. Tho ability IN oI,t.,i,, I,,.t
ness hy those compsufo- or .,o,,,..i... H.
not limited to the success of r,a s,Ii.4-
idi"H oi One office for each company.
'II i- multiplied by ana indefinite number
"H.h "'' aston requires they can. with
@N,h reinsurance facilities as they seem
" nave. write very large lines. Many and
'''l'"u7 cii1'is have been made TO iu-
iI'' lA' H'h-hoaH stock companies and
rs, ''N TO come INTO OBJ" board and ON the
.'' instant our board was rcorgauizcd
pa " 'd0I. d~ was hoped would he
-. ...l .'ItL TO lhew. a commit
.,t,,,,... 80 Si'"'II me me-" ,on-
49, I... '''''.,,'' ana urge ih'm
r-ro.r, ~ I,'. ", I"io"lhE Us the
#. HI. Oh