The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-09-06
INSURANCE NEWS AND
NOTES

President Sudlow, of the Interstate Life,
is taking his vacation at Lake Wawasee.
Mr.. ]. w. Noble has been appointed in
surance solicitor for the Indiana Trust Com
pany.
Secretary Wynn, of the State Life. is at
his desk again. having spent his vacation
in Indianapolis
Mr.. E. c. Flickinger. State agent for the
John Hancock. is still in California search
ing for health.
The Union Casualty and Surety Company.
which withdrew from Indiana in 1899, has
recently paid its last liability in this
State.
The Indianapolis Fire has established an
terests with one of the leading agencies
there.
The Union Surety Company of Indian
apolis, which lately absorbed the Federal
Surety of Chicago has petitioned to have
its name changed to the Federal Union
Surety.
Fred /. King succeeds G. II. La Seele as
agent for the American Bonding Company
at Wabash, and VIM. l.. Waldschmidt sue
ceeds S. ID. Groves as agent for the same
company at Cannelton.
The Columbian Relief Association of this
city has recently entered Missouri, with
agencies at st. Louis and Kansas City.
and will soon be established in Ohio, with
agencies at Cleveland and Cincinnati.
Xxx
The Meridian Life and Trust reports an
increase of 100 per cent in its business for
the first seven months of this year as COM
pared with the same period of last year. 1t
has established an agency at Evansville
in charge of James M. Hammond.
The fact that two incendiary fires oc-
Cured in Indianapolis during one week
should cause underwriters to bear in mind
the moral hazards when accepting risks.
With the great influx of ignorant and
vicious immigrants, and the number of
strikes in which they take a prominent
part. a company cannot be too careful in
estimating the dangers from incendiarism.
The Benevolent Commoner, a fraternal
order recently organized i'm Minnesota. has
just gone out of business. 1t was an as
sessment order, and shortly after its en-
trance into business one Of its members,
insured for $1,000 died. After diligent
canvass among the members, $3.50 was
collected for the estate of the defunct pol
icy holder, which effort exhausted the VI
tality of the organization and IL was COM
PEELED to give UP the ghost.
XXX
The recommendation of Superintendent
of Insurance Vorys, of Ohio, in his annual
report, that ali examinations of insurance
companies should be made at the expense
of the State, out of fund for that pur-
pose, is one that should commend itself
to all interested in the welfare of insur-
ance companies, for it would go great
way in protecting companies from need
less and annoying examination, where the
solvency of the company is well known.
A statement has been going the rounds
that the largest premium ever paid was
that of Eben Smith, Colorado miner, to
the New York Life, which amounted to
s263,15O on a gold bond policy for s25O.oco.
A later report had 1t that this premium
was exceeded by one paid by Samuel New
house to the Equitable, which amounted
to s2SO,0OO. giving Mr.. Newhouse an annuity
of $4,000 till death, when his estate will
get $4,000. 1t has been found, however,
that the premiums paid by Mr.. Newhouse
were separate ones. thus leaving Mr.. Smith
still in the lead.
The British Fire Prevention Committee
has been invited to aid in organizing an in
ternational fire exhibition, which will take
place in London from May to October, 1903.
The exhibition will give equal prominence
to fire prevention as well as to the work
| of fire brigades and methods for subduing
| fires, and a historical and literary section
| will be included to trace the progress of
! fire fighting. There will be competitions
| and tournaments between fire brigades and
| the salvage and ambulance corps, nightly
| Examinations and performances by military
| bands. The programme includes fire pre-
| vention, fire fighting. fire calls, salvage
work. ambulance service, water supply, in
| surance and other features.
| A plan for protecting employers against
losses from suits brought by injured work.
men has been advocated for some time,
| but has not made much Roadway. 1t is as