New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-02-20
FJRE.IVSURANCE REPORTS.
SUMMARY or THE BUSINESS DONE IN THIS
| STATE LAST YEAR

Albany Feb 10 (speclaD.-Parts I and II OF the
renorf ~ Louis r Pawn state superintendent OF
Insurance for the year 1898 comprising the sta's-
tics and business OF the fire and marine companies
will be sent 10 the Legislature tomorrow night
The assets Of the fire and ire-narne lhsur-
ance companie Of this country ana hre lnsui
ance companies OF other countries. United States
branches doing business In this state on DeVc".'
her q 1895 aggregate 1901 16s 90, classified as foi-
lows: New-York joint-stock companies, S'lof"o'
iolnt-stcck companies OF other States Slizo''Ho'
foreign fire insurance companies. United STATES
branches S7i.OO7 Si7; New-York mutuals, AOo''ooi
mutuals Of other States. s12375. Compared WIN
1897 these figures show an aggregate increase Vi
sl52B.S2i
The liabilities OF these companies. excepting scrip
and capital are: New-York joint-stock companies
$3i32O526; other States jont-stock companies @'-
2J40l5 fire insurance companies OF other coun'ie''
United States branches. Ss5Gl.7N; New-York mu-
tuals xl5Ol4; other States mutuals, S%.i7s tota',
NS3s4O776 an increase Of A627,2sS The to'aI VI
scrip liabilities for 1895 is sl2llO, and OF cap''"''
S703o.S75
The rocepts for the year were N4OO1926l; the net
excess Of receipts over disbursements, "o'o-o-,
One hundred ana twenty-five companies received
80 1870 500 more than they disbursed, and forty-hhe
disbursed 81 $50 500 more than they received. me
Disbursements show Sl}2.33S97s, which was slf'o-'-
675 more than reported for 1881. The Amer
lean capital OF foreign companies was $-zo'-'-f' a."
Increase OF 81. 756l7s.
The lS5 companies IN operation at the close OF
the year were covering 500 PIG sos i3i Of risks in
force During the year these companies. with the
exception Of the eight Ncw-York mutuals for <Sl'-
20S72 in gross premium. undertook to carry w :
i5 ST. i59 Of risks. an average premium OF 50 Genus
for every 800 Insured. - o.- --- -
The disposition OF the receipts was sl%Oi5T7 ,l re-
RS Ss for Expenses AID slSS7s2 for dividends
The fire prcmumf received were slsSiAGi; o IRE
losses paid $40 0i 91i: fire losses incurred Nl'Sl
776 The estimated amount OF expense lor ti,e
transaction OF this business Is 5bZVo5- whlfh, !"
added 10 the incurred losses. makes total OF VIZ
s93 300 showing as compared with the premium
roceipts an apparent NJ excess Of fire premiums
received over fire losses incurred and estimated eN
penses Of 81 2s2s6.
marine insurance companies were incorporated
within the State with capitals aggregating Sl4OO-
900 while eight were admitted To transact business
horain with CAPITALS aggregating 81 ISL Three
New-Yo jolntstock fire and fre-rnarine companies
discontinued business. with capitals aggIegatlngg
$4,000 and three other state Joint hre ana
0re-marine companies withdrew. with capitals ag-
gregating 100000. Hence. there has been added u
1895 the capital previously enEaG"d IN tne s w.
ness of fire and hre-marine insurance IN thls o/.e
the sum of 80 1863 49,. The number OF hre ana nre-
marine insurance companies ransacting pusl<1ss N
the state at the close % 1895 was Ill me Hssets OF
such companies reporting to the Department at the
close of 1895 1901. $500 an increH/t or S9,
2isS9l over 1907. Their surplus has Increased
NUNS has decreased In comparison with the
amount OF insurance in force. The Increase IN sur
plus IS largely due to the advance In securities
owned, and not 10 the profits OF the underWrithg
During the year one marine insurance com
pany Of another country Withdrew from tne
alton The assets Of such companies reporting at
the close of 1895 $50 S76N. as against sHyst
drew in 1895 had assets December 81, 1881, Of
1892 $40.