The Indianapolis journal., 1896-05-11
INSURANCE. NEWS AND NOTES.

The Provincial Loyds. OF New York. is
nearly ready for business
In the closing hours os the session % the
New York Legislature the Senate killed the
bill 10 except Lloyds from the payment or
the per cent tax on IRE insurance compa-
MES.
Several stockholders OF the New York
Bowery Fire Insurance Company have
gssn sut n ns nssa KSoss saiss
the company, charging acknowledgement Dy
him.
Hamilton Disston, who died at Philadel-
s.. 100000 on his life and ranked next to ex-
Postmaster-general Wanamaker as the most
insured man in the United States Mr.. D;ss-
ton was ffty-two years Old
John E Hollingsworth. late controller OF
the Mutual Reserve Fund Life. has been ap-
pointed by the insurance Commissioners OF
Department in New York for the purpose OF
examining the Eastern companies doing
business in Texas
The. aggregate loss by the two nres at
among forty-two companies. The largest in-
x1Sus Fund and i0si the small smsie. 500 is allotted to
the New Jersey Plate Glass.
The Boston Board OF Liability Under.
writers has been temporarily formed ln that
city with the intention OF becoming perma-
nent as soon as its members agree upon
constitution and rules A similar board boar .hs -
recently formed rate compact.
The officers of the Central Mutual Fire In
surance Company. OF Boston, asked lnsur-
ance Commissioner Merrill 10 apply for
Herewith Judge Allen, OF the supreme
Court, appointed r. D. Weston Smith. The
company Is solvent, but desires to 80 out OK
business.
Russell met in secret at the Fifth Avenue
Hotel New York. on Monday and discussed
Sy tSs %utuai a rne % TSe
tatives OF the insurance companies amrmeo
all the acts OF Referee Russell and voted TO
continue the compact Indefinitely
George H. Osborne. agent at WATERFOWL
for the Equitable Life. OF New York. COM
mftted suicide by shooting himself through
IN Buffalo on Sunday. His home was in
than a year ago. Money losses in oil specu-
lation are thought to have rendered him
temporarily insane.
George s. Coe. the Oldest trustee OF the
Mutual Life Insurance Company. OF New
PsTs Sn te s Ho He
connected with the American Exchanse
and in 1850 became its president, holding the
Office twenty-eight years and retiring In 1sS1.
owing to feeble health.
Information has been received Of the ap-
pointment of A. W. Hart, general manager
Of the Jackson Fire and Marine Insurance.
Company, OF New Orleans. for the United
in sspa i e he Of
entering the Northern and Eastern State!
for business and writing risks on general
agency plans. Mr.. Hart's appointment a.
general manager OF the Jackson for the
United States has significance for nre UNDER
writers, as he was the organizer and pro-
motef Of the greatly lamented Columbian
Fire Insurance Company OF America, OK
Louisville. KY, now IN the hands or re-
ceiver and being wound up under the direc-
ton Of the courts OF that city.
Whether Captain Dennis p. Slattery was
| accidentally drowned IN Kings lake. Mis-
souri,. or committed suicide, April 1s. is one
of the questions upon which the payment OK
about $4,000 of accident insurance depends.
Captain Slattery had policies in the Fidelity
and Casualty S0mPsnyf ~ 1911 81 us Tor e sd @
the United States Casualty for $4,000 ana
the Preferred Accident for 5000. The rest
| of the Insurance was scattered among SMALL
| er companies or associations. He had been
refused life insurance for large amounts BY
| the New York Life, Mutual Lie and other
| companies. There are said to be a number
| OF circumstances attending the drowning
which justify strong suspicion Of death by
| intention.
| VIM. W. HenshaH, +. X. Beddall. Tread
| we'll Cleveland, Joseph A. Minott and others
OF their intention to organize a fire insur-
ance Company, to be known as the Victoria
Fire Insurance Company OF New York. for
| the purpose OF insuring property against
land navigation risks. The company, which
will bear the same relation to the Union OF
| London that the Norwalk does TO the Lon-
| don and Lancashire, is being organized by
Hall & Henshaw, the managers for the
Union, and will be represented throughoue
| the United States by the agents OF that
| company. The capital has already been sub
scribed and business will begin the
| Queens birthday May "A. Mr.. Hall viii b
| president, Mr.. Henshaw vice president and
| Mr.. Beddal secretary.
| Samuel Borrowe second vice president Of
| the Equitable Life, died suddenly or apo
plexy at his home, on West Seventeenth
| street New York. on Monday. On Nov. ],
| 1869. he was appointed city manager Of the
| Equitable Life, elected secretary Of the COM
| pany on Jan. Is. 1871, and nine years later
| was chosen second vice president. Mr.. Bor-
| rowe was native OF New York city, where
he was born Aug. s. 1884, and was. conse-
| quently, fifty-nine years old He was =
| member OF all the swell clubs OF the city.
| His mother was a member OF the old KnIck-
| erbocker Beekman family. son. Hallett
| Alsop Borrowe. was disagreeably mixed up In
| the ]. Coleman Drayton domestic scandal,
| the outcome Of which a duel between
young Borrowe and Edward Fox. famous
| American war correspondent and turf writer,
| which was fought In Belgium and in which
meeting Fox was slightly wounded. Subse-
| quently Fox was drowned of a yacht In Aus
| tralia. The funeral Of Mr.. Borrowe. at Grace
| Church. on "Wednesday, was ATTENDED by an