The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-04-06
INSURANCE NEWS AND NOTES.

The executive committee OF the National
Association OF Life Underwriters will meet
at the Plaza Hotel. New York city. on April
The bureau OF statistics and arbitration.
conducted under the auspices Of the liability
insurance companies by Stewart Marks, or
Detroit, will be instituted in New York about
April I.
At an election for officers OF the Niagara
Fire Insurance Company, I'm New York. Har-
old Herrick was elected president, succeed
ing Thomas +. Goodrich, resigned; George
c. Howe. vice president. and West Pollock.
secretary.
The Mutual Life Insurance Company of st.
Paul (Afinn.) has completed Its organization
Hass vice president. NJ. wachenheimer Sec
retay, T. Sanders treasurer and r. c. Pleins
superintendent OF agencies.
The vacancy in the Washington Life In
the death of Vice President Haxtun has
been filled by the election OF Elisha :.
French. The new secretary. Graham n
Fire insurance companies have been cancel
ing policies on tobacco In the Lancaster re-
gion of Pennsylvania I'm consequence or nu-
bonsss tbsre PSiadepha psper Estimates
that 100000 Of insurance has been can
celed.
The New York and Chicago Lloyds, the
Bankers and Merchants Lloyds and the
South and North American Lloyds, Whipple
Il Co.. attorneys, have been consolidated,
and henceforth a joint policy Will be ISSUED
in the name Of the South and North Amerl-
can Lloyds.
The Equitable Life has issued a single poll
icy on the life OF +. i. Fuller, OF New YORK
city, for 100000 The policy Is on the
in fifty annual instalments OF $4,000 each 70
his son. The annual premium on the pohcy
amounts to 1876.
The Cash Insurance Company, or Pitts
burg, Pa, has made deal with the Amer
lean, OF Newark whereby the latter COM
pany takes over its outstanding business
The Cash Insurance Company haa totai "a as
sets of $166.703 Its total income was w.
$50. of which but $7237 was from premiums
f. A. Slattery, actuary for many. years
and supervisor of agency accounts TOR the
Mutual Reserve Fund Life. and later con-
nected with the American Union Life In a
similar capacity. has been appointed gen.
eral manager OF the Middle Atlantic depart
ment of the Kansas Mutual Life Insurance
Company, with headquarters On New York
city.
Governor Laurin, OF Tennessee. has
signed the insurance bill, which goes into
attach nent Considerable pressure was
brought to bear on the Governor TO get MN
to veto the measure. but this ne declined 20
other opposed features The bill was OPP
posed by the Board of Trade at Bicksburg,
the directors Of Which 5r,ssen tSat be Wif5-
hold his approval.
The contest between Superintendent Wad-
dill of the Missouri insurance department.,
and the assessment companies. as to whether
they shall pay to the State tax Of per
cent. on their premiums. will be taken 10 the
Supreme Court of the State for final decl-
sion. Nine leading assessment comp AN :;
the contest. Superintendent Waddill also
proposes having the supreme Court pass
upon the constitutionality OF the missouri
standard ire-insurance policy
John E. Hollingswo Of New York. for
some time controller OF the Mutual Reserve
Fund Life Association. has resigned tnat
position and will form the Imperial City
Life Insurance Company; to insure Re xs sup,
charge Of the liquidation OF the Royal lire
and Marine Iloyds. whose Outstanding
risks. IT Is reported In insurance S lnsss'
of New York. Mr.. Holiingsworth was al
one time Insurance Commissioner OF Texas
on complaint of Insurance Commissioners
lambert the County Court at Harrisburg.
the Peoples Mutual Life and Relief Associa-
ton OF York and the Philadelphia Fire In
surance Company The sirst Is REQUIRED 20
show by what warrant ~ Issues pSpi,,ei - 90 ..
fants of the age OF one year and upward
and the second TO show the authority for Is
suing nonassessable cash policies OF insur-
ance without having premium notes as
basis OF security
Judge Smith. OF the Superior Court OF Gin
cinnati. has just decided case OF mucn
Importance. II was that OF Nathan Guenz-
berger assignee OF l. . ye Saun ssnndsts bsd
a S 600 policy covering a frame house In the
Home He assigned in January. isN. ana
the following March 80 the mouse was de-
stroyed by fire. The company was never
notified OF the property passing TO the as
signee ard refused TO pay the claim The
court decided for the company on the
ground that the plaintiff violated the con-
tract and therefore his rights under the
policy.