The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-02-07

The fire losses in Chicago for 1902 will
amount to about 100000.
XXX
c. A Schmidt has been appointed agent
of the New England Mutual Life.
The agency of the British America Fire
has been changed from the Richardson
Kothe Company to the Central Trust Com
pany.
william j. Warren. of Chicago. has been
appointed district manager of the Aetna
Life for a part of Indiana, with headquar-
tiers in Indianapolis.
Senate bill No has passed the Senate,
and is now ready for the Governors sig
nature. The bill exempts the funds of fra
ternal organizations for taxation.
W. II. Hart, now of the Equitable, will
be engaged for the present in building up
looking after the different departments in
Indiana and west OF the State.
The brewers. packers and carriage manu-
facturers of Cincinnati are contemplating
the organization of mutual fire insurance
companies to carry their own lines, and
the forming of these into a national asso-
citation.
William Z. Starr. actuary of the State
Mutual Life, of Worcester, died recently at
the age of ninety-one. He was the Oldest
living actuary I'm the United States. If not
in the world. He had been actuary Of the
State Mutual since 1859.
The agency OF John S. Spann & Co. will
be compelled to move from its present loca-
tion. on Market street, on account of the
sale OF the property to the Security Trust
Company. The agency viii be located at
A North Pennsylvania street.
XXX
The German Fire, of this city, has been
admitted into Pennsylvania The assets OF
the company on Jan. 1 were $i21. 459; net
surplus s126.174. The net premiums for last
year amounted TO s214.07s, and the losses
paid were S7S,Oo3-
A standard policy bill has been introduced
into the Tennessee Legislature 1t Is the
same as the New York policy, with the
amendment that the premiums collected
above the amount recovered in cases of to-
tai loss shall be returned TO the policy
holder.
The Illinois Life has purchased the Orien-
tai building in Chicago. and will erect in its
place 100000 structure, to be called by
the name of the company. Part of the
payment was made by turning in the office
building of the Mutual Life, of Kentucky,
at 100000.
The sections of the bill in Congress pro-
viding for bureau OF insurance in the De-
partment OF Commerce and Labor, were
struck out; this action is regarded an
indication that there will be no further
effort in the present Congress to provide
for national supervision OF insurance.
xxx
The directors of the Travellers Insurance
Company have introduced a bill into the
Connecticut Senate to incorporate the Trav-
elers Indemnity Company, which will do
a general indemnity business, TO guarantee
titles. fidelity. insure against burglary, loss
by water, breakage of glass and loss of life
or property by accident.
loss suffered by the fire underwriters
of Chicago upon the Schaefer Piano Com
pany was particularly annoying. for total
loss would have been prevented II the water
had been turned on In the sprinklers. The
equipment was not finished in one of the
wings of the building, and the supply of
water was delayed on tina. account.
The uniform fire blank which was adopted
by the insurance commissioners at Column
bus does not seem to be giving entire salts
faction. The blanks, under income" pro-
vide that last years uncollected premiums