The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-06-26
INSURANCE NEWS AND
NOTES

Accident underwriters will pre-empt the
Thousand Islands the second week in July.
John Shayne, formerly manager OF the
Western and Southern Life, has recently
opened up general insurance office at Vim
cennes.
The Mutual Life, of Illinois, reinsured, on
the 18th, the Farmers and Mechanics Life
Association, Of Galesburg the amount Of
insurance transferred being s.20O00o.
The Imperial Insurance Company will, 1t
is said, reinsure all it's United States bust
ness except the risks in the Boston depart
ment in the London Assurance Corporation
on July i.
The Mutual Benefit of Newark has let
down the bars to women, and will accept
them for amounts not exceeding 5000 at
the same rates as for men, providing they
are self-supporting or able to pay the pre-
MUM from their own incomes.
A receiver has been appointed for the
German-American Federation of Illinois,
a fraterhal insurance order. The Illinois
insurance department requested the ap-
pointment of a receiver, alleging that the
order had violated the state laws.
XXX
Charles N Cloverdale, of Button. has
been made manager for northern Indiana
of the Illinois Life. He recently resigned
the management of the State Life of In
diana for Arizona, New Mexico and western
Texas, where he made good record.
xxx
Kentucky special agents have been in
structed to cancel all risks in districts when
feuds are raging that may be affected by
the strife That this is necessary is shown
by the large number of buildings that have
been burned, owned by one or the other of
the factions.
A rather novel advertisement appears in
an Eastern insurance paper of a birth in
surance company This company offers a
benefit of from 500 to $500 to members on
their giving birth TO living child. Presi-
dent RooSeveit's recent utterance on this
subject seems TO be bearing practical fruit.
The summer school of Ann Arbor, with
its special course in life insurance. opens
July / and continues for six weeks until
Aug IL. Prof. James w. Glover, who will
have the course in charge. announces that
the lectures will deal especially with the
elementary. principles of annuities and in
surance.
he 11lCulSdH LteiSidtuIt lidS JuS1
adjourned passed two laws important to
insurance interests. One of them repeas
the law requiring all reinsurance to be
placed in admitted companies. The other
provides that in paying taxes credit must
be given on business reinsured in admit
ted companies.
The Kansas Mutual Life, of Topeka. has
reinsured in the Illinois Life, of Chicago
the amount of the insurance I'm force being
about s10.O00,000. The Illinois Life. IL will
be recalled recently took over the business
of the Mutual Life, of Kentucky. and now
has assets of over 100000, and insurance
in force exceeding 100000.
The June % issue OF the American Insur-
ance Institute conducted by Rough Notes
contains a number OF very able articles
which are of special Importance to the pro-
gressive agent. Among other articles this
| Issue contains "Subrogation." by Sylvester
| q. Williams and Policy Phraseology in
| Personal Accident Contracts"
Insurance Commissioner Host. OF Wis
consia, has called to the attention OF agents
| the fact that policies must be signed by