The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-04-17
INSURANCE NEWS AND
NOTES

cident insurance business to think seriously
OF raising the rates here The companies.
however, Will continue to take the average
risk of the entire country In regulating the
rates.
In the opinion of the attorney general of
Missouri the Aetna Life may transact
life and casualty business in that State,
while in Ohio the attorney general holds
exactly the opposite opinion. though the
companies are going ahead while the courts
are wrestling with the problem.
XXX
The case of p H. Fitzgerald, of this
city, against the Maryland Casualty Com
pany. which caused a great deal of inter-
est on account of the popularity of the
claim, which was that he had suffered from
an accident by sleeping his hand. has
thus far been favorable to the plaintiff.
The farmers mutual insurance companies
are likely to be compelled to make some
heavy assessments to pay for the losses
caused by the recent windstorm in the
southwestern part of this State, since the
greater part of the property destroyed was
insured In the State mutual companies.
xxx
Suit has been begun by a former general
agent of Tennessee against the Anchor
Fire. On account of the trouble the COM
pany had with the Tennessee insurance de-
partment the company withdrew from that
State, and, since il will not re-enter its re-
fusal gives rise to the claim of the agent
for damages, which are put at $4,000.
xxx
Agency appointments for Indianapolis are:
| Ed. ID. buckingham, Hartford Life; j. w.
Roberts, Mutual Reserve Life; L. S. WAL
| den, Mutual Reserve Life; L. c. Sullivan,
New York Life; A. j. Sarran, Fidelity
Mutual Life; r. C. Wright, Mutual Re-
serve; Indiana Trust Company Hartford
/ Steam Boiler; Gregory & Appel Continental
Fire.
A resident of Brooklyn aged ffty-four
took out an annuity policy, paying s225. 600
for life annuity of SILICA, payable quar-
terly. After one of the quarterly pay
4, and his heirs have now brought suit for
abrogation of the contract on the grounds
that the insured was mentally incompetent
| to make contract.
A man in Thomasville, Ca, has sued the
| telephone company for a loss caused by
fire in his house because the telephone
| up the fire department at late hour of the
night. The company demurred on the
| grounds that it did not undertake to fur
| nish service at unreasonable hours but the
| demurrer was overruled.
| The Importers and Traders, which is
being organized by p. b. Armstrong, has
not yet secured the subscriptions neces-
| sary for the plan contemplated. 1t is re-
| ported that several of the men who have
| been identified with the promotion of the
! company have withdrawn, but a large part
| of the 100000 pledged is reported to have
| been received, and efforts are being made
/ to secure the desired amount.
Actions for penalties will be begun
against the Illinois Lloyds, who have been
shown to be transcating business contrary
to the State laws. and suits against others,
| including both injunction suits and actions
| for penalties, will be instituted. The re-
ceivers of the Standard and Republic
Lloyds are now instituting suits against the
| underwriters OF those organizations, but it
| is thought that the judgments will not be
| of much pecuniary value.