The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-13
INSURANCE NEWS AMI
NOTES

The anti-compact law recently enacted by
the South Dakota Legislature has been de-
clared unconstitutional by the Federal
Court.
indianapolis fire and life insurance COM
panies are prospecting this year. Several
of them report October to have been the
best month in their history.
XXX
Williams e. Flickinger. general agents of
the John Hancock Mutual Life for Indiana,
will dissolve partnership on Jan. /. Mr..
Flickinger will continue the agency.
xxx
The Pacific coast is proving to be the
sore spot" with fire insurance companies
for 1903. For several years that territory
was exceptionally profitable, but the losses
this year will be more than double those
of last year.
Nov. 9 was the thirty-frst anniversary of
the great Boston fire which destroyed 74s
buildings and caused a property loss of s70,-
OOO, 900. This is on record as the third Iarg-
est co~nflagration of modern times.
z. S. Walker, one of the older genera
ton of fire insurance men of the West and
well known in Indiana, passed through In
dianapolis last Monday on his way home
to Lebanon. o., from Martinsville. where
he has been under treatment for rheuma-
tism for several weeks.
x
The strike insurance company. which was
organized at Louisville to insure employers
against loss from strikes among their en-
ployes, and which was known as the EN-
ployers' Underwriters and Reciprocal Ex-
change, has been abandoned for lack of
interest.
Alexander & Co., Of this city, lave been
appointed general agents Of the Casualty
Company of America for Indiana. This is
a recently organized New York company
the investments necessary for its compli-
ance with the requirements OF the Indiana
law.
Assessment companies, which have been
writing weekly payment accident and sick
benefit insurance upon the lives of minors,
have been notified by Auditor of State
Sherrick that In so doing they are violating
the State statutes and must cease writing
that class of business. Four companies are
affected by the ruling.
The New York Life Insurance Company,
the Mutual Life and the Equitable Life AS
surance Society, all of New York, have
recently announced some very decided peace
measures governing the conduct of their
agents when in competition with each other
and now IL is rumored that they propose TO
adopt uniform forms OF policies.
xxx
Some idea of the great volume of bust
ness transacted by the fire insurance COM
panies in Chicago can be gained from the
following list or premium receipts for the
year ending June 30, 1903, collected in that
city by the five companies leading in vol
ume of business: Royal $269, 262; Phenix,
s25S. 939; Aetna, $257, s39; Liverpool and Lon
don and Globe, $685. S2; Home, s215. 211.
A number of accident insurance managers
In this city are complaining because they
are unable to secure men TO solicit accident
looking q long time for the right man,
and they say they are able to give open
ings that will pay well and will give an
opportunity to work I'D good renewal in
comes. But, offer as they will. they only
are forced TO realize that the right man"
is a scarce article.
Rough Notes OF his city conducted its
yearly examination for fire insurance clerks
and agents last Tuesday. One hundred and
thirty clerks In Chicago alone, members
OF the Fire Insurance Club, took the ex-
animation. These examinations are becom-
ing more popular each year as those who
rank well are pretty sure OF an opportunity
to gain a more desirable position
Leopold Norwaysz, vs. Thuringia Fire In
surance Company Is a case which was
passed upon BY the Supreme Court In I'LL