Kansas City daily journal., 1897-01-17
Insurance Notes.

The Chicago Mutual Accident Associations
has suspended.
The Atlas Assurance Company. Of En-
gland. has withdrawn from Kansas.
C. D. Dunlop, of the Providence-Wash-
ington, Chicago, was in Kansas City yes
terday.
The Germania Life. Of, New York, has
Kansas
The Frankfort Accident and Plate Glass
Insurance Company has been admitted to
Wisconsin.
The Northern Accident and Sick Benefit
Association of Menominee. Mich, has been
Incorporated.
A E. Goerts. Western manager for the
Germania Life Insurance Company, was
in the city yesterday.
William Muir. general agent of the Fire
Association, has been made second vice
president Of the company.
A general protest Is being made by the
Denver agents on account OF the reduction
of 10 per cent in dwelling rates.
L. r. Walters has been appointed re-
ceiver of the Tradesmen's Mutual Fire In
surance Company, Of Philadelphia
The California code commission has re-
ported new section In the FIRE insurance
laws. which provides for a standard policy.
The fire loss in Minneapolis during 1896
was ssOO,765. The Insurance paid amounted
to $SO5, ,S97. The loss Is an increase OF SS45,OOo
over 1895.
As result of the troubles of the Mis-
stood that the Bankers and Merchants, OF
Chicago. has taken 1t in.
Ernest W. Monthan. representing Black
and White, the monthly insurance journal,
published by Colonel Kellogg, denies that
the magazine has been sold.
Ira Welch, independent fire insurance ad-
juster, of st. Louis, was in Kansas City
yesterday, and Is spending Sunday with
his brother-in-law, George NJ. Ackley.
AS one of the results of the long drawn
out Pacific Coast trouble. premiums are re-
ported to have fallen Off from 10 to 80 per
cent. while the losses range trOEl % TO b
per cent.
The Wisconsin Annuity Association, a
| life concern, consisting of the members OF
the knights of Altruria, has suspended.
| and it's policies will be transferred to the
National Life, OF Vermont.
Promir ent stockholders and directors OF
the Continental Insurance Company VIII
organize a new fire insurance company,
| which will have at starting S0O.c00 capital,
100000 surplus and $4,000 reserve for BUSH
| ness.
| George r. Van Norman. general agent of
| the Union Central of Cincinnati, is distrib-
Tng Edtb oS saTd pv eaT eertany attrae
tive and possesses all the colors or the
| rainbow.
The Suffolk Mutual Accident Association
| of Boston is to be closed up by the insur-
| ance department 1t collected last year
| 5000. Ii paid for losses $685. and the bal
| ance for expenses. and still the secretary
says there are unpaid claims and no money
| to pay them with
Since the establishment of the st. Louis
| branch agency OF tne NOrtnWeSteEH VA
| tional there has been considerable specu-
| lation among the local agents as to what
| was best to do. Several agencies have
| threatened to go out of the board unless
! the Northwestern National comes in.
The Penn Colony Fire Insurance Compa-
ny, of Philadelphia, has been organized
with q capital OF 100000 and surplus OF
So, 900. 1t is being promoted by Granville
B. Haines, vice president of the Colonial
Mutual Fire, of Philadelphia. 1t is said the
organization will be completed by Febru-
airy !.
x bill has been introduced in the Mime
sofa legislature providing for the organiza-
ton of stock companies with eapitaI
stock of $780, 900 to do fire insurance busi-
ness solely in the state. Another bill de-
! signed to help out the Merchants Salvage
Corps of Minneapolis, and leSaliZe IT mas
also been introduced.
| A committee of five has been appointed
by the Commercial exchange OF Des Moines
10 consider the subject of fire insurance
Three points were sugggested for the re-
ductIon OF rates: appointment of state
| fire marshal; limitation Of insurance to
| ree-fourths value: Legislation Ior proper
| construction of buildings.
The secretary Of the Grand Rapids IN
! srlrance Company has issued circular let,
| Ter. 10 the agents In Missouri. Illinois and
| indiana to the effect that Mr.. G. II. Forty
will have charge of that field In the capac-
| ity as special agent. Mr.. Forty was FORM
erIy special agent of the New York Under
writer's in the trans-Missouri field.