New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-04-19
SALOONS ARE BAD RISKS.
pxE CIRCUMSTANCE MEN THINK so. AND A


cANcELLINo POLICIES ON LIQUOR STORES.
stir has been Greeted by the Raines law among
the fre-insurance companies, not only of this city
but throughout the State. and a dispatch from
Potsdam ~ Y. regarding a circular issued by the
Glens Falls Insurance Company, published in The
Tribune yesterday. reflects the action taken by
companies here. vice-President Evans Of the CONT
mental Insurance Company. said yesterday to
Tribune reporter:
The movement is general among the companies
to curtal or refuse policies to liquor-dealers. 1t
has been found advisable to secure all protection
against the danger OF saoonkeepers. driven des-
peraton by poor business. firing their property in
order 70 collect the insurance.
Several companies. / understand, have issued
circulars 10 their agents calling their attention to
the Increased risk in consequence Of the enactment
Of the Raines law. and asking them to cancel poll
aes The Continental has not issued circular. but
'e''efs have been written representatives to ac-
cep' no more saloon risks. as the company does not
care to handle them"
Inc Phenix Of Brooklyn has issued instructions
70 us agents advising them Of the dangers which
nave arisen since the Raines bill became a law.
'u'taing the receipts Of saloon men and putting the
ssulptation In their way to realize their in
~snce policies by committing arson. The Phenix
49, orHeied that no saloon risks be accepted where
o,s 10 any ground for suspicion that desperate
ESoua lnsy y De resorted to; a- =, ry.o, ~.
n ~ insurance brokers, at Nos. 70 and 81 Liberty
y. said yesterday:
,, Inc action Of the hre-insurance companies in
n ,a,ag saloon risks Is natural move for self
Rs,n.suvh, as necessltated by the effect OF the
rsS "e s. Jaw Where hardship is present. q moral
ths - involved In Issuing an insurance policy, and
The ,uonpdnies cannot assume responsibility with
tn nae OF incendiarism hanging over IT,.
new a.nsms OF insurance men are unit that the
much rrs incurred in saloon localities Will a1ect
Pronestv besides that used in the liquor trafc.
uevsd w a,u'scent to barrooms. II is generally be-
miums si,ha soon be required TO pay higher pre-
this po,n, hough no acton has yet been taken on
All ,ha 10y ~ .he companies In this city.
York hsype eminent hre-insurance concerns In New
I'D the So written a great number OF saloon risks
form. the soec. ne rates hitherto have been uni
ouired 70 Sv,cahed barrooms and ginmills being re-
Soo Of ins psy premium OF about s. Go on each
MUM ~ ~ sshce, the high class sa,oons pre-
typel q IN - % and the lager beer variety German
TIE ac,on ~, 40 increase In rates has accompanied
handino me insurance companies regarding the
Law The ~. vi rIsKs since the Ranes bill became
dsnsnss sVs purpose Of the underwriters being 10
Instanos W IN such risks altogether.
beisvsd &c nave been cited where the Ranes law is
Qlrns ra ~ nave provoked several saloon fires. The
1istiv III. oms company representatives now
SSrss engased IN arranging to cancel all saloon
6uis,y me admonition TO the agents to proceed
kon,X' Du, surely" 10 a precautionary measure
Seslsr win a view to prevent any dissatisfied
~ Sn from applying the torch while his policy is
n ro, l1rce IL the action looking TO the revocation
sysse,e ss be nosed abroad. more fires may occur.