The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-08
INSURANCE NEWS.
ST. Paul Fire and Marine In Oregon
Other Matters.

Other Matters.
The St. Paul Fire and Marine has deposited
$780, 600 in bonds with the treasurer OF oregon,
as required by law, and will operate in that
state through it's San Francisco agency. with
its entrance into Oregon the st. Paul Fire
and Marine will be doing business In every
state in the union except Mississippi, Arkan-
sas, New Hampshire. Idaho. Nevada and In
dian Territory. An officer of the company
said yesterday that 1896 had been a fairly
prosperous year for the company. The COM
pany was hit as hard in Minnesota as In any
other state. hut while 1t was caught In a
number of fires here. the aggregate was not
very heavy.
The St. Paul fire insurance agents will ask
the insurance men of the state to take up the
matter of changes m the insurance laws, ana
prepare a bill incorporating their ideas as to
the changes that should be made. On be-
half of the St. Paul agents, A. w. Day. e..
H. Hughson and w. G. Strickland have been
appointed. 1t is proposed that MINNEAPOLIS
agents shall appoint three members OF the
committee, Duluth two, and that the outside
agents be represented by such a number as
The National Insurance COM
pany of Milwaukee celebrates the new year by
announcing a new insurance organization.
which will be known as the
Underwriters. While the Northwestern IN
~derwriters will be known as a new depart
ment of the Northwestern National. 1t Will
be to all intents and purposes an entirely new
and separate insurance company, having It's
own manager ana agents. PreSlQeHt JdIneS
said of the new organization the other day
that the directors had taken this way as the
best to meet the competition which was in
the field. The large foreign and home COM
panies, Mr.. James said, had thrown away
their line. lists and were now writing five
times the usual lines and insuring abroad.
While other companies had put in new agen-
cies the Northwestern National thought the
new movement was the best way to do bust
ness. The Northwestern Underwriters will
write its own lines and stand on it's own aver
ages and be on the same footing as though
1t was a separate company, but its policies
Will be guaranteed by the Northwestern Ma
tlonal. The manager of the new company
VIII be A. E. James, the son of President
James.
The Farmers Mutual Insurance company. Of
Albert Lea, held their annual meeting and
election of officers at the court house Wednes-
day. The report of the secretary revealed
the following encouraging state of affairs:
Policies in force, 1872; amount, 81, 227, 813:
losses incurred and paid during the year and
other expenses, 81, 920. 03; balance on hand
Dec. 81, 1896, Sc, 412. Sc. AS officers and d.
rectors for the ensuing year the following
were elected: President, Rolof Thykeson,
Manchester; secretary, B. N. Anderson, Man
chester; treasurer, Ole Narveson, Bancroft;
director for Freeborn and Carleton. Hans
Stensrud; for Bath, Newry and Geneva, E.
c. Johnson; for Hayward, H. C. Nelson; for
Albert Lea, Ole o. Styve; for Hartland, NJ.
Christopherson; for Riceland and Moscow,
Knute Ingbritsen. For towns not represented
the board of directors appoint agents.