The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-09-03

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Post-Intealigencer with the shove caption
stating that one insurance company was
doing buslness In Seattle direct with New
York, created Z great deal Of comment
among people interested In the matter oe
nre insurance. . subject that has been at
6acting In % great . measure the atten-
ton Of the public.
The Home Insurance Company Of New
York. Tor which We are resident represen-
tatives. ID transacting its Seattle business
direct with New York city. II = notice
able. therefore. that our company u pio-
neering along the line suggested By said
article and 30 much demanded BIZ the bust
ness interests Of the city
This company has assets aegregatfnR
nearly thirteen millions Of dollars. and In
net surplus exceeds all Competitor. ana
for reliability and In public favor stands
At tho very top Of the list. We have been
grauned At the very ready support We
have received In the Insurance line since
We have assumed the local manasemeut
OF this company. insurers being disposed
to favor the Independent position OF thu
company. . stalwart among the great are
insurance institutions Of the country.
A telephone or mail request win prompt
ly bring . call from one Of our representa-
lives.
We reprint below the article In full. N
men:
IF the experience Of one OF the BID tn
surance companies doing business In
Washington II to b taken 40 q reliable
criterion. those companies who are not
bound hand and foot to the Pacific coast
trust would do well to abolish their San
Francisco general agencies and handle
their Seattle and Washington business
direct through special or general agents
with headquarters In this city. That .
number Of companies who are not mem
bers OF the trust. but who would like to
engage In business In this city, have
been contemplating establishing special
agencies in this city, n q fact which has
q strong bearing on the local situation
In the question OF the maintenance OF
the general offices Of the members Of the
insurance trust In San Francisco r. In
volyed also the question Of lower rates
for the policyholders Of Seattle Bust
ness men and policyhelders can. n 10
claimed by men who are thoroughly
posted In the insurance situation. accom-
piish much by agftating the establish
msnt Of branch ofncss and general ana
special agencies In this city. In compsei-
ton with the Insurance. trust
"As II stands today the insurance com
panies who Do buAnsss In washfngsou
are muicted 70 the extent Of from % 70
80 per cent OF the premiums collected
here by the San Francisco board Of I'M
derwrfters. which - an organisation Of
general agents. These general agents
draw salaries ranging ~ high - 9 80
per year. and In many cases they have
assistants ~ S3.soe . year. on "A average.
The expsnss Of clerk hire. specials ana
office expenditure swell the fetal srpsnss
20 . large sum. which II taken from the
pockets OF the poiieyhoiders Of Seattle
and Washington and from the profifs
made By the companies themselves.
AS an example Of how this PROPOSE
ten works cut. the experience Of the tn
surance company referred TO 81 the b.
ginning OF this article may be cited
Two years ago the company abolished It's
general agency 1T San francisco and de-
cideA TO handle It's Washington business
through TT Chicago efaes OF direct from
New York In the ArSt year IL effected
Q saving Of ~. 90. OF course. this vas
clear profit. - the rates were not cue.
The advantage Of the new arrauxsusus
lay partially IN ths fact thar business
written IN Montana. Idaho and Washing
ton. which compose part OF fhe territory
governed by the esn Francisco agencies.
can - han4Isd 0usckeP and 10 oer.s<
advantage frem Chicago than from 0Aa
Franctsco.
LEGAL Insurance men vha are not tn
6uence4 IN their statements By the IN
suyzncs trust declare That the New York
companies could proetahiy establish sp~-
cfaa agencies here 20 handle the bzssfns~s
OF this efsy and ssafe. a. well - Chat
emAnafing from Monsana ara IDAHO. II
- Asserted ~ Insurance men VINO ere
thoroughly wsI3 Informed that such "A
arrangement. " carried eue. vould brsc9
about . reduction Of the szorhftars
charges now made by the companies.
and would ~ ths sAuss time incxsaas
their psodsA"
John DayiSs.
10 aQQQnI An