The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-04-22
INSURANCE. NEWS AND NOTES.

The March fire loss in the United States
and Canada figures up sl4, sSs,soo
The Guarantors' Liability Indemnity Com
pany of Pennsylvania announces that. the
increase of its capital to 100000 has been
effected.
The Central Accident Insurance Company.
of Pittsburg, Pa, with 100000 capital, has
begun business. 1t claims TO have written
81, 100000 of insurance the first week.
William G. Warden. president of the
aGepsia' died "f few aays aso aged sixty
four years. He leaves a wife and twelve
children.
Legislature prohibiting insurance com panIes
from insuring the lives of minors without
first obtaining the consent of the insured
and their signatures to applications.
1t appears from the annual statement
Of the insurance superintendent OF Colorado
that eighty-three fire insurance companies
ssg N that stase IN rssa
paid ,651 in loses and ss90651 in expenses.
It is announced that the State Mutual
surance companies of New York are near
~ ready TO begin business. William II.
Middleton is president of the first named,
board
The Massachusetts Steam Boiler Inspec-
tion ana insurance Company has been or
ganized at Boston with H. b. Alden as
president; Il: H. Raymond. treasurer, and
George H Crow. secretary. The company
pas Of wi5 ea nd Of ns ana s
month.
The directors of the National Fire In
surance Company. of New York, began
upon the capital stock of the company 10
stockholders in liquidation of their ae-
paid. The charter of the company will
expire by limitation in about year.
cn Inc insurance committee of the, Massa,
providing that no life insurance company
shaii issue policy upon the life of any
o ofi aae living ing IN that State under zen years
the law to take effect Sept 1 next. If
tn the bin passes it will affect the industrial
&,OOOOO0 annually in Massachusetts,.
The Brussels court rejected the appeal
by Madam Joniaux from the death sentence
woman was convicted created a profound
sensation throughout Europe. Although
to spca amY sS and vss rag
OF most revolving crime and the proof was
absolute absolute For the purpose of obtaining in
uncle.
Philip Nissan, who died recently, was
Mutual Life: There are now but fourteen
left Of the $50 persons who. in 1S4s agreed
ls4s. and was issued for $1,000. He was
e Invent Two years OF age when it was Sc
years and was seventy-four years old when
ne died on Feb. n, 1895. Forty-Seyen years
ago he became associated with the late
John Jacob Aston and was executor of the
will of the late William B. Aston
The suit of the Runk estate in PhiIadel-
pnla, which was decided in favor of the
Mutual Life, has been appealed to the
United States Circuit Court of Appeals
The suit, which was begun by the same
plaintIns against the Home Life of New
YORK CITY, has been withdrawn until the
appeal case is determined Runk was in
sured for about $500 900. and the Mutual
Life contended that he committed suicide
for the purpose of defrauding the company,
and this contention was sustained by the
result of the trial. The case has attracted
the attention of the life insurance interest
for long time
There is food for reflection on the part
or life insurance managers in the following
observations by a writer in an insurance
writing: 1T would probably be obvious to
any one that if all the holders of life in
Surance policies, or a half, or uUsrte
OF them, should die this week or next
week, IL would bankrupt every life irsur-
anee company in the world. The funds
all the policies if they become claims i'm
mediately. But, it will be said, such
thing Is impossible That is true if the order
~ laws of nature are to be observed, those
laws under which men are insured and
under which alone they can be safely in
sured But suppose any number OF all
the insured violate those orderly laws and
take into their own hands and out of the
hands of nature, the issues of life and
death. pistol, or bare bodkin may
mature million of insurance long in adj
vance of natures time and season The
chances as between the suicide and the
man who waits the dread summons are
uneuua1'' -