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-
Guided to pay the bill of Insurance Commits
sioner Folk, of Tennessee, with the court
costs for dismissing the suit brought for
the fee.
]. NJ 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
Lies school for instruction last summer.
was fourth in the list of the graduates OF
the school for paid-up business for Septem-
Der.
Louis J. Doud, formerly chief clerk of
the inspection bureau of st. Paul, comes
here as the special agent CT the Grain Deal
ers National Mutual Fire Insurance Com
pany.
In 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 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-
tons 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
ject of the policies was investment rather
than protection.
The Michigan Life Underwriters Asso-
citation has decided not to admit to men,
bership the representatives of any COM
pany formerly doing 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 its 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 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 its exclusive agent had been work.
ing for other companies verdict for
900 was given against the agent and his
bondsmen.
The Indiana Association of Life Under
writer's will hold its meeting Saturday
evening, Nov. %, at the Commercial Club.
There will be dinner at o'clock which
will be followed by a 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. Its business has increased to
such an extent that ii finds its present
quarters inadequate, and the company can
not get enough experienced men to take
charge of the business coming in.
xxx
E. E. 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-
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-
junction with the solvent companies. His in
tention was simply TO suggest a change in
the form of policies which would fully pro-