The Indianapolis journal., 1896-11-02
INSURANCE NEWS AND NOTES.

The late theatrical manager. Henry E. Abbey.
carried an insurance his life Of $4,000, the
benefit OF which will be derived by his daughter.
The Thuringia Fire Insurance Company of
Germany has been licensed by Insurance COM
missioner Fricke to do business in Wisconsin.
The total death claims paid by the Mutual Life
to Oct q, 1896, were SIZE, POS, 600, and the en-
dowments paid during the same period amounted
to S3s, l06,64s.
has applied for admission to Illinois The COM
pany has $4,000 capital and a surplus OF over
A second ,nstallment Of 100000 in the increase
in the capital of the Guarantors' of Philadelphia
paid in the 22d of october. This in
creases the companys assets by 100000.
Report says that James A. Silvey, who is much
improved in health and expected home from
cured manager OF the broadway Insurance
Company.
The total fire losses in the Dominion of Canada
s., ,69 49, against sG24,e00 for the correspond
ing period last year Tne losses TO the companies
Were 81, ,0s0, SEQ less during the period.
The application for a charter of the Northern
Mutual Fire insurance Company OF York, Pa,
has been denied OWING 10 shni,ary fd da OF names rs,
name Hartley Mutual Fire Insurance Company.
The News OF Des Moines. says that the Iowa
sent over $1,000 letters for an assessment on
the members. Tne assessment is one mill on the
dollar and covers Losses for two years 1t will
also give the company surplus of $4,000
Washington Hesing. postmaster OF Chicago, re-
csntly delivered a speech at Grand Rapids.
the hundreds of millions of prospective benefits
represented by life insurance policies would be
scaled down A per cent If silver should be re-
admitted to its function as money.
The Minnesota Supreme Court has decided in
the case OF Walter +: Geare and others against
the United States Life Insurance Company in
favor OF the plaintiffs. policy holder waived all
provisions of law fobidding physicians from eis-
closing information acquired. The physician
thereafter attended the policyholder as patient
and when the policy lapsed and was revived the
question was whether the waiver applied To in
formation which the physician had acquired after
the issuance OF the policy. The court holds that
the waiver does not apply subsequent 70 the date
OF the original application.
Among the more recent forms OF Insurance Is
that of surety, fidelity guarantee. Societies
ber of years under some one or these names The
Guarantee society. London. Was formed in 1870;
the Norwich anu Loadon Accident In 1856. and
tbs. National Guarantor and Suretyship of Edin-
burgh i'm 1863 And yet, when an attempt was
made about n dozen years ago TO organize 4
similar company in New York there very
few. indeed who believed that the business
could be made to pay. and great difficulty was
experenced in getting together the requisite
amount Of capital to meet the demands of statute
law The company then founded has now a
paid-up capital OF TWO and one-half millions, an
enormous business and office building on
broadway valued at several millions OF dollars.
Other companies have followed its lead. and now
the business OF suretyship has passed almost
wholly into the hands of these organizations.
Other forms of insurance and recent all coUn-
tries come under the heads of title. credit and
mortgage guarantee companies. One OF these, Il
title company in New York city is doing bus-
ness under a capital of million One bond
ana mortgage guarantee company has similar
amount OF capital. The necessity OF such forms
of insurance is apparent at a glance That there
should be a and steadily enlarging field for
them must be readily seen. The increase in
values of land in cur great cities, and the erec-
| t.on OF costly buildings thereon afford q large
scora Cor title insurance The Insurance Of plat.
| glass has been in vogue in England since H52.
| hut here Il Is much more recent and il has been
vastly more profitable. Steam boiler insurance.
now widely practiced. began in Manchester.
| England. in 1854 Elevator insurance is OF very
recent origin. and pertains almost wholly TO
/ America. Burglary insurance dates back about
| London. and hardly be
| considered well under way here yet. Its future
| success will depend somewhat upon the ability
| of its projectors make just and adequate
| rate