The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1898-02-05
EXAMINES THE SHAWNEE.
Webb McNan Looks Into the Affairs
of Home Insurance Companies.


Webb McNan, superintendent of in
surance, has been conducting an Off
ciaI examination of the affairs of home
insurance companies, but he has not
been met with the cry that a "hold-up'
is being perpetrated.
Mr.. McNall has completed an official
examination, and one which was thor
ough in all respects, of the Shawnee
Fire Insurance company of Topeka and
finds nothing to criticise in the meth
DDS or management of the company
affairs. On the contrary, Mr.. McNall
cOmmendS the company very highly,
evidence of which is furnished in the
following letter addressed to J. W. Go
ing, the secretary of the company:
Il have received your annual report
for the year ending December 81, 1897,
showing the condition of the Shawnee
Fire Insurance company. have ex-
amined such report carefully. I find
that you have not only complied with
all the terms and conditions of this de-
partment as to reporting the number of
losses that you have had during the
last year, but you have given the num-
bers of the policies, date of policy, and
name of holder, pOstofhce address, date
of loss, amount of policy, amount of
claim in proof of loss and amount paid.
Also you have shown whether the poll
cy was on real estate or personal prop
erty, and, where loss took place, wheth
er or not policy was on real property.
''I am pleased to note the splendid
showing of your company for the year
1897 over the year 1896, satisfying me
that your company takes front rank or
first place, the same as it did in 1896
in writing insurance in this state, in
creasing your premiums for 1897 over
the year 1896 in the sum of $50, 000 1
can also say that, upon an investigation
of your assets at your home office, that
I found your securities gilt edged and
of the value placed upon them by your
officers.
wishing you prosperous year, re-
main respectfully yours,
WEBB McNALL, superintendent"
Many nonresident companies have
been Quarreling with McNal1 and refus-
ing to comply with what they term OBJ
1ectionable features of the Kansas law.
The administration of the business OF
the Shawnee and the full compliance
with the law in every particular 1ndl-
Gates that properly managed insurance
companies have no occasion to tight the
SUPERINTENDENT of insurance, or take
exceptions to the law.
Another fact worthy of consideration
is that this company is the only fire in
surance company in the state with
paid w cash capital the state law re-
curing not less than 100000 on winch
there is q double liability. This means
that the assets of the company, are, as
Mr.. McNa1 says, first class and the Sc
curities gilt-edged.
The Shawnee Fire Insurance compa-
nv as shown above by the annual re-
port. has paid S411, 900 in losses and has
written more business in Kansas than
any Otn6T company ODlA1S OOoAAACS9 III
the state. The success of the company
during the past few years is but rep
etition of it's former record 1t has al
WAYS. been we'll managed and worthy of
confidence.
when George T. Anthony took up the
work of superintendent of insurance, he
examined the affairs of the company in
response to an inquiry from some pat
rons in a western Kansas town. Com
pIeting the examination he wrote let
ter in which he said; The manage
meut of the company includes as many
strong men, capitalists and business
men as could be found in the same
number in any part of the state. 1t IS
&C Substantial. reliable and good as any
company doing business here or else
where
The assets of the Shawnee on January
S43 5S5 So as compared with the previous
year.