The herald., 1897-04-04
INSURANCE

The dissatisfaction existing among
local agents at the attitude of the San
Francisco managers in their attempt
to reduce the rate of commission, ap-
pears to he thoroughly widespread and
some of the expressions used in regard
to the resolution just passed are more
forcible than polite. 1t is felt that the
case ia one of rank injustice, being neith-
er more nor less than an attempt OIL the
part of the companies to recoup the
losses incurred in the late disastrous
rate war, during the existence of which
go much money was lost In consequence
of risks being written at almost nomi-
nal rates, while expeV ses remained the
same.
A meeting of the local board of under
writers is called for Tuesday next, at 2:30
pm, to be held at the chamber of COM
merce. This meeting takes place the
day before the date fixed for the order
changing commissions going into effect,
and lively time may be anticipated.
as the agents are primed for action, and
to all appearances do not intend to sub
NIT tamely.
There Is also some talk on a sugges-
ton that has been made to the effect
that the local board should telegraph
east requesting to be released from the
supervision of San Francisco manag-
ers, who appear to be Indifferent as to
the welfare of their agents here, and
asking that permission be given to re-
Fort Southern California business direct
| to Chicago. 1t is felt that there is as
much business ability and insurance
| talent lying around here as may be
| found in San Francisco, and the number
of local agents who would be willing
to be made managers is not a few
Another fact that may complicate
matters in case Of trouble between the
at7 xf Ha a fa n nd h liy a ~
ayers is that there are about half a
dozen companies in San Francisco which
do not belong to the compact there. AS
nearly as we have been able to ascertain
these companies are the Home, Thurin-
gia, Franklin, Westchester Williams
burg City and Northwestern National.
Should revolt occur. there will be a
scramble for any representation of
these companies and an endeavor to get
in with other companies not yet repre-
sented here.
Following is an extract from circular
similar to those being generally sent
from San Francisco headquarters to
local agents throughout the state.
SAN FRANCISCO, March 80, 1897.
Dear Sir: 1t gives me much pleasure
that I am able to advise you of the put
ting in force from this date of the rates
and regula tions of the board of fire
underwriters of the Pacific, subject to
such changes in rates as may have been
made by a regularly organized and ef-
fective local board. No policy may be
written or renewed more than thirty
days in advance. The rate of commits
sion chargeable on all business, reports
of which reach this office subsequent to
the 7th prox., is limited to Is per cent
No allowances except for postage and
exchange may be had. All premiums
must be remitted not later than the 18th
of the second month following that in
which the policy is issued. ] trust you
will heartily cooperate in this effort for
the restoration of correct practices; it
is only through such cooperation and
the observance of the utmost good faith
that continued Generalization may be
prevented"