The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-11-28
INSURANCE NEWS AND
NOTES

Willis t. Fugate. of this city, has been
appointed special agent of the Meridian
Life and Trust Company.
The valued policy law which was intro
duced into the Legislature of Vermont
failed to pass the House of Representa-
tiveS.
The Anchor Fire Insurance Company con-
cluded to pay the bill of Insurance Commits
sioner Folk, of Tennessee, with the court
costs for dsmissing the suit brought for
the fee.
j. M. Hammond, of Evansville, has been
appointed district agent for the Meridian
Life and Trust Company, and will have
charge of six counties in the southern part
of the State.
w. W. Bond, who attended the Equitable
Life's school for instruction last summer.
was fourth in the list of the graduates of
the school for paid-up business for Septem-
Der.
Louis ]. Doud, formerly chief clerk of
the inspection bureau of st. Paul. comes
here as the special agent of the Grain Deal
ers' National Mutual Fire Insurance Com
pany.
In a pending suit at Louisville it will be
decided whether noon is to be reckoned
by solar or standard time when the policy
has no stipulation as to which Is to con-
troll.
The American College Of Insurance at
Cleveland, O., is under way and is Offer
ing rewards for essays containing sugges-
tions that will tend to enlarge the working
capital of the agent
The agency of D. f. Swain. for the North
western Mutual Life, recently delivered in
a small town near by two twenty-year en-
dowment policies of $4,000 each. The OBJ
tect of the policies was investment rather
than protection.
The Michigan Life Underwriters Asso-
citation has decided not to admit to mem
bership the representatives of any COM
aany formerly doing an assessment bust.
ness until the company has been on legal
reserve basis for ten years.
XXX
The Model Life reports an increase of
so per cent in it's business during the past
year, and an increase of 100 per cent. over
the business since the first Of October as
compared with the same period last year.
The company has not a single death loss
unpaid.
The Union Central Life has just secured
a verdict against one of its agents who,
| while under contract with the company
| to act as it's exclusive agent had been work.
| ing for other companies. verdict for
$1,000 was given against the agent and his
bondSmen.
The Indiana Association Of Life Under
writer's will hold it's meeting Saturday
| evening, Nov. %, at the Commercial Club.
There will be a dinner at o'clock, which
| will be followed by general discussion
| and reports from the delegates to the con-
vention at Cincinnati
The progress of the Federal Union Sure
| ty Company is extremely gratifying to its
| directors. It's business has increased to
| quarters inadequate. and the company can
| not get enough experienced men to take
| charge of the business coming in.
| xxx
| E. z. Yates, formerly superintendent OF
insurance in Missouri. has resigned to take
! up the practice Of law in Kansas City. He
gives as a reason for his resignation that
| the position did not give enough opportu-
| nifty to a man who desired an active life.
| His brother has been appointed to the
| office.
| The State auditor of Iowa disclaims any
| intention to injure the insurance compa-
MES by forcing them to pay the losses
| which are insured by wildcat in con-
| function with the solvent companies His in
| tention was simply to suggest a change In
| the form of policies which would fully pro-