Waterbury Democrat., 1903-02-11
INSURANCE COMMISSIONERS
First Part of Report to Governor Tiled
 To-Day.

To-Day.
 Hartford. Feb 1.-The first part of the insurance commissioners annual report to the governor was filed to-day. This part deals with fire and marine insurance companies, coveringth bus mess transacted during the year 1902, together with the annual report of the state fire mafshal, which has already been made public.
 1.-The conditions disclosed in the fi- nanciaI statements of the fire insur- ance companies filed in this depart ment,' says the commissioner, Theron Upson, 'sshow marked Improvement in the business throughout the coun- try over that of the last three years, In this state the business has not been satisfactory. The fire loss is still much greater than it should be. It is to be hoped that the Companies will, by all possible means endeavor to bring about better conditions on that line, and that the public will be educated up to the point of realizing that the re- duction of this great and to a large extent unnecessary fire loss means the reduction of premium rates and the saving of a large sum of money to the property owners at large.
 s.It is to be regretted that any prop erty owners in this state should risk financial loss by placing their insur- ance with companies not licensed to transact business in Connecticut, nor in any other state, and yet my infor- nation leads me to believe that this is being done by men of affairs who would not ordinarily take such haz- ards Such companies are prohibited from transacting business here, but the business is usually done by correspond ence so that it is impossible to reach the lawbreake CTS"
 During the year 1902 two companies having 8 total capitalization of $7O0,- 900 were admitted to, do business in the state, and nine companies with Q total capitalizatio of $2, 731 ,O7O with drew from the state. The receiver of the Wooster Insurance Co, Danbury. was discharged and the corporation dissolved by order of the superior court for Fairfield county June 27, 1902. At the end of 1902 there were 131 fire insurance companies licensed to do business in the state, seven less than in the previous year. Tn the sta
 
 the standing of 125 companies is Fire Insurance Go of Norwalk and of five mutual companies being omitted from the totals. The tables show the assets of these 125 companies at the close of 1902 to have been $320, ,035.- T94.73; liabilities were $219, ,23O, ,271 .59, the surplus oyer liabilities being $1OO,- 755,523.14. The assets included bonds and stocks valued at $209, 9,545,- 73S.S9, real estate to the amount of $21,172, ,19S.50, and loans on mortgage, real estate, $31, ,406, ITO 20, the remain der consisting of cash, loans on collat- eral, etc. The unpaid losses amount ed to $15,391 ,6201O, and unearned pre- miums to $141, ,93S, ,552.98 other liabili- ties including dividends unpaid and commissions.
 The risks written during the year were to the amount of $351 ,O55,34 premiums received amounted to S3.- 402, 2,O83.SS. Losses incurred reached the sum of $2,41, ,4O5.O1, and losses paid, $2,427, ,979.5O. This was an in- crease of 2.15 per cent in risks written in 1902 as compared with 1901; an in- crease of 15.79 per cent in premiums received; of S9.57 per cent in losses in- cured, and of S1.O6 per cent in losses paid .
 The eighteen Connecticut companies included in the 125 represented in the statistical tables transacted the fol- lowing percentages of the total Con- necticHt business: Risks written, 2S.64 per cent; premiums received, 26.20 per cent; losses incurred, 23.37 per cent; losses paid, 23.37 per cent
 Comparisons of 123 companies which did business in the state in both 1901 and 1902 show the surplus as concerns policy holders increased $6, 7S9, ,196. .54 during 1902 The total assets show an increase of $28, ASS, ,679.49, and the liabilities, including statutory deposits, of $22, GOA, ,4S2.95. The premiums re- ceived during the year 1902 show an increase of $39, ,2S5, ,5692S for fire and a decrease of $67, ,390.S6 for marine in- surance. The total income for 1902 was $2O9, ,255, ,O24.39, an increase of $39, ,073, ,864.5 over the previous year. The total outgo for 1902 was $167, ,977,- O76.77, the excess of the income being $41, PIT, ,947. .62. The loses paid in 1902 show an increase of $2,700, ,27893, and the expenses an increase of $7, 7,341, ,4S1.- 15 The average premium rate charged in 1902 was OS per cent higher than in 1901. The percentage of losses in cured to premiums on risks written was 44.S5 for 1901 and 37.S3 for 1902.
 DIAMOND IN COLLECTION.