The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-11-15
INSURANCE NEWS AND
NOTES

E. r. Shekell has been appointed agent
for the New York Life in Indianapolis.
XXX
The Indianapolis Fire Insurance Company
is now established in its new quarters on
East Market street.
c. v. lie Craw, general agent for the
State Life Insurance Company in Alabama,
Florida and Georgia, has been visiting the
company here.
The largest bond premium written In In
diana this year was with the Federal Union
Surety, of this city. The amount OF the
premium was over $1,000.
The buildings at the ST. Louis exposition
are still in the pine frame stage, and are
consequently not very desirable risks for
the fire insurance companies.
President John A Hall, Of the Massachu-
sets Mutual Life, accompanied by Super
intendent of Agencies /. v. Snow, stopped
here to visit the local agency.
1t is reported that the Mutual Reserve
will appeal to the courts of California to
compel the insurance commissioner Of that
State to give the company license
XXX
William Wood, formerly United States
branch manager of the Palatine Insurance
Company, of Manchester. England. is now
the secretary and manager OF the Anchor
Fire Insurance Company.
xxx
The Indianapolis business Of the Indiana
Fire Insurance Company has been taken
over by the Girard Fire Insurance Com
pany, of Philadelphia, of which Hall &
Hill are the local representatives
XXX
The agency of the Provident Life and
Trust agency in this city has had an ex-
traordinarily light death loss this year.
Out of 100000 of insurance written the
loss from death has been only $50.
XXX
One Of the large life insurance companies
has published a pamphlet showing that the
company had paid death losses for 4S5
policy holders who died during the first
year Of their insurance. These policies
represented a total loss of almost Sl,0OO,0oo.
xxx
The Indiana Association of Life Under
writer's will hold a meeting and have a
banquet in this city on Nov %. There will
be a special programme and reports will
be heard from the delegates to the ma
tional convention which was held in Gin
cinati in october.
After reading the favorable comments in
the insurance press in regard to the trans
fer of the stock of the Prudential Insurance
Company to the Fidelity Trust Company. it
is rather surprising to hear of the injunc-
ton suit brought against the company TO
prevent the contamination OF the deal.
The last report from the electrical bureau
of the National Board of Fire Under
writer's shows thirty-seven cases of dam
age from fire caused by lightning. nine
teen OF which came from direct strokes
and eighteen from entrance over lightning
and signal wires not provided with proper
protective devices.
What to do in case of accidents before the
physician arrives is told in a compact little
volume, Accidents Illnesses and Emer-
gencies," issued by the medical department
of the Mutual Life Insurance Company of
New York This book Is sent on request to
those who address the home office OF the
company, New York city.
The Chicago & Alton Railway has de-
cided TO carry its own insurance, and has
allowed its former insurance to run out.
The insurance was with the Western I'm
derwriters and amounted TO s4.O00.0O0. call
ing for premiums of SIS. 900. A few years
ago the Alton tried the same plan, but
abandoned IL after short time.
Xxx
Surrogate Thomas of New York recently
decided that policies of life insurance de-
posted in that State but belonging 10 a
decedent without the State not subject
to taxation under the transfer tax law.
since they are not in the same category as
bonds which are tangible chattels, but are
merely evidence OF right OF action.
1t is reported that determined effort will
be made during the next session of the Mis-
souri, Legislature TO repeal the obnoxious
insurance laws. and that the companies will
be assisted by Edward f. Yates super