The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-01-13
LEAVE The FIELD
Several Outside Fire Insurance
Co.'s Withdraw From MINI.
OTHER COMPANIES RE1NsURE
The Fire Losses of the Country for
1901 Were Under Those
of 1900.

Fire insurance business in Minnesota
seems to be Improbable for some COM
panies, at least, for several of the larger
companies have retired from the field.
Companies that. remain. according to
James A. Brant, manager Of the local
fire underwriters association, are adj
yancing premiums on certain risks, or
refusing to write them altogether. 1t is
hard to place insurance on large depart
ment stores, wholesale houses and ware
houses. The country over, more than
SO, 600 of insurance capital was retired
during 1901.
The London Fire Insurance company
and the Switzerland General Insurance
company have notified the insurance COM
missioner of Minnesota since the first OF
the year Of thei. intention to retire from
the state. During the past year the fol-
lowing companies retired;
Associated Manufacturer Mutual. Brooklyn,
Central Of Kentucky.
Hope Mutual st. Louis, reinsured in Ma
tional, Connecticut.
Manufacturers and Merchants, Rockford,
Ill.
Minneapolis Fire and Marine Mutual, w. s.
Dwinnell, receiver.
Queens and Suffolk Mutual, New York.
The following companies were REIN
sured:
American Fire, Maryland, reinsured in tho
Union of London. ,
American. New. York. reinsured in the
Hartford Fire.
Armenia, Pittsburg. Pa, reinsured in the
WeStchester.
Citizens, Pittsburg, Pa. reinsured in the
Phoenix of Hartford
Germania Fire, New Orleans, reinsured
in the Germania Of New York.
Frand Rapids Fire, Michigan, reinsured in
the National. Connecticut. ....-r
Lancashire, England, company purchased
hSy re LCpcy oy,I I,,,Jr
reinsured by the Hartford Of Connecticut
Helvetta-Swiss, Switzerland. reinsured all
of It's United States business except Pacific
coast risks in the Phoenix of New York.
Lion Fire, relnsured Pacific coast business
in Niagara and all other risks except at New
York city, Hartford, Boston, Chicago, in Ma
tiona1 of Connecticut. This company has
since formally announced that it ceased writ
Ing business In the United States on Dec. 81,
1901.
Madeburg OF Germany, reinsured In the
Springfield Fire of Massachusetts, ~
Manhattan Fire of New York failed.
North German Fire, Germany, reinsured
United States business with exception of
risks of Pacific coast and Cook county, Ill
inois. ...'.s
Pacific, New York, reinsured In Westchester
OF New York.
Peoples of Pittsburg purchased by the
National Union Fire of Pittsburg.
Teuton1a Of Philadelphia reinsured in Ma
tional Of Hartford. .....- q.
Transatlantic, Hamburg, Germany rein
sured United States business in Commercial
Union Of England except risks on Pacific
coast, Metropolitan district of New York and
Cook county, Illinois.
United Fire, Maryland, reinsured in Ma
tional Of Connecticut. .. -.-, .....---..-
Vernon Insurance and Trust Indianapolis,
failed.
Washington Insurance company, Cincin-
natl, reinsured in Eagle Of New York.
Fire losses for 1901, estimating Decem-
Der, were slightly under 1900, but some
$26,O00,000 in advance of 1899. The totals
are: For 1899, $13G, 773 200; for 1900,
$163, 1867, $50; for 1901 $162. $50, $50.