The county record. [volume] (Kingstree, S.C.) 1885-1975, 1897-05-20
FACTS AND FIGURES.
AGlance at Carolina's Insurance Bus.
iness Work; Done Last Year.

AGlance at Carolina's Insurance BUS.
mess Work; Done Last Year.
In the absence of any office OF lnsur-
ance commissioner in this State the
duties of that Office are devolved upon
the comptroller general. There are sew
eral acts relating to the licensing and
control of insurance companies IN force
in this State, and the business causes
the comptroller's office much trouble.
He has Just succeeded in getting the re-
ports of the several companies dong
business in South Carolina on tile and
has made up general statement which
will be issued in q few days showing
the business done in South Carolina.
There are ffty-one fire insurance
companies operating in South Carolina.
The insurance written by these compa-
MES during the year 1896 amounted TO
S44. O39, 947. The premiums received
amounted to $646, 472; while the losses
incurred. amounted only to S2S2, 81.
This means that about SS63, SO paid by
the people of the State went outside the
State during the year.
The Liverpool, London and GLOBE
did the largest business, the insurance
written amounting to "a, 461, ,009 the
premiums collected being S74,I2i. The
following were the other companies do
ing the largest business.
Writ Pre-
ten. miums.
Hartford Fire. ,S4s, ,OS6 S51, ,S59
n. Y. Home Ins. Co.. 2, 49,, 9l6 33,o's
Ins. Co. of North o,.
America ........... 2,296,olV S4,olo
Co.. ........... 2, ,1O1, ,625 SO,sl5
American Fire phil !, ,599, 800 "a, 334
ROYAL Ins. Co. ....... 1,8Ss, ,066 20, 2SO
North British and
Mercantile. ........ l, 55S, 9l9 i9,VoS
The Boston Fire and Marine did the
smallest business, writing only IA, 50O,
the premiums being S216. The Niagara
FIRE Of New York had the smallest loss
es-S91. The Liverpool, London and
Globe sustained the greatest loss-S42, :
316, the Royal of Liverpool coming Sec
ond with $50,
As to the life insurance companies 80
are operating in South Carolina. The
Life Insurance Company of Virginia
heads the list with 81, 1,218, 90l written in
1896, the premiums being 69,035. The
company really standing at the head of
the list so far as the premiums are con-
cerned is the Mutual Life of New York,
with 81, III, 105 written and $3.50, BAL
premiums collected. 1t also sustained
the heaviest losses-S129, ,514. From
the standpoint of premiums the New
York Life comes second with S1Sl, ,359
in premiums on 1896, ,057 written. The
losses were SSS,212 Then comes the
Equitable with S169,919 in premiums
on 1867, 40 written, the losses being
S117,6SS. The Mutual Benefit of Ne
wark wrote S40S, 1S8, receiving $40, 13I
in premiums; the losses we're SS5, ,024.
The premiums of the Mutual Reserve
fund were SA, ,SS9 while the losses were
$50, 900. The Penn Mutual of Philadel-
phia collected $50, IA in premiums and
had losses amounting to S53, $50. The
smallest business written was 81, $50,
the losses being $2, 600, by the Bankers 8
Guar. Fund Life Association. The
New England Mutual had the smallest
losses-$962.
The total life insurance business
written amounted to >S17, 125, ,S43; the
premiums we're $685. 149, while the
losses were $3.50, S73. The State.