Daily Kennebec journal., 1903-07-15
Total,

At the insurance department there
has just been received copies of the re-
port of the proceedings of the 33d an
nual convention of insurance COM
missioners of the United States, held at
Columbus, Ohio, in September, 1902.
1t makes a convenient volume of 14S
pages and contains a great amount of
valuable information to all insurance
men and to many who are not in the
business Among the features of the
book which Is of great interest to all
persons who carry insurance Is a list
of companies considered by the COM
missioners to be worthless or not found
covered in the reports of the insurance
department of any state. These COM
panies belong to a class of corporations
which are formed under the laws of
certain states in which, practically, no
zee is required and which have little
if any capital. Many of these COM
panies have written business in Maine.
The insurance commissioners ap-
pointed a committee among their num-
bers for the purpose of investigating
and reporting list of these companies.
The committee attended to It's duties
and reported a long list. The follow
ing extract from the report of the COM
mittee shows what that body thought
of the companies and gives a complete
list of them:
The following companies were found
to be either wholly worthless or we
were unable to find any report cover
ing them in any state or Bests report:
American Underwriters, Chicago. Not
licensed; composed of the Central and
Citizens ms, Cos; American Trust Il
Insurance CO., Chicago; Aetna Fire,
New Orleans; American Fire, Whining
| ton, Del; American Fire, Terra Haute
Ind; Amazon, Charleston. w. va;
| American Fire Ins. Co, Chicago, not
| licensed: Citizens ms. Co., Chicago
not licensed; does not claim to be al
| Illinois corporationi Commonwealth
| Ins. Co. Chicago, not licensed; Co
lumbian Ins. Co, Chicago, not licensed
| Columbia Ins. Co, Chicago, not Ii
| censed; Central ms. Co., Chicago, in
ccrporated in West Virginia, not d.
| censed: Commercial Fire ms. Co.
| Chicago, not licensed; Commercial Fire
Ins. Co, Philadelphia; Commercial Fire
| Association, Forth Worth, Texas, in
| hands of receiver; Commerce, New Al
bany, Ind, special charter, mandamus
to compel report pending; Common
| wealth Ins. Co, w. Virginia, Chicago
| not licensed; Continental Under
| writer's. Chicago, not licensed q
Loyds: Capitol Ins. Co., Jackson, Miss.
in hands of receiver: Delaware Trust
and Ins. Co., Wilmington, Del.
| Equitable Fire Ins. Co., Wilmington
Del: Equitable, Indianapolis, specia
charter, mandamus suit to compel re-
port pending; Elgin National ms. Co.
Chicago, no evidence that this com
pany is doing any business, not author
lied: Fire Association, New York
Lloyds; Fort Wayne ms. Co., For
Wayne, Ind, receiver; Georgia In
demnity Association, Atlanta. Ga.
Georgia Industrial Ins. Co, Chicago
not licensed; German Union, Whining
ton, Del; Germania Fire ms. Co.
Chicago, Incorporated w. Virginia, no
licensed Great Britain ms. Co.
Chicago. not licensed; Interstate ms
Co., Chicago, incorporated w. Va.
Illinois Ins. Co., Chicago, no evidence
that this company trying to do an!
business: Imperial of Chicago, not Ii
censed: independent Fire Under
writer's, Springfield, ILL.,, Lloyds; Int
Ocean ms. Co, Chicago. Lloyds; In
diana Underwriters, Indianapolis, re
ceiver: Kenosha Fire ms. Co, Kenosha
Wis: London Fire Office; Lloyd's Fir
of Sweden; Lincoln ms. and Banking
Co.. Hammond, Ind, receiver; Lincoll
Fire, Chicago, not licensed; Mercantil
Fire ms. Co. Chicago, claims not to b
, an Illinois corporation, not licensed
Mutual ms. and Industrial, Dover
Del, Chicago, not licensed; Mercantil