The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-28
INSURANCE NEWS AND
NOTES

denly last week. and who was president of
the association. The election of officers for
the ensuing year resulted: President Rob-
ert Mediation. State agent OF the New
H. Gray. State agent North British and
Mercantlle; secretary and treasurer, j. L.
Ashbrook; executive committee. John Stone.
State agent of Commercial Union; A. r.
Monroe, State agent OF the Queen, ana
James Cromer. special agent of the Home.
The meeting was largely attended and one
or the most successful in the history or the
organization.
Few people are aware that a number Of
companies write so-called fiy-wheel insur
ance. The destructive possibilities which
are bound up in rapidly revolving fly
wheel, weighing, in some cases, several
tons, are appreciated only by those who
have viewed the wreckage made by one
that has bursted. Such disasters are not
so uncommon but that many factory own
ers have availed themselves of the protec-
ton offered by those insurance companies
which agree to indemnify them for any loss
or liability which may result upon the oc-
currence of such a contingency. ut is
mistake to consider fly-wheel insurance as
an operating expense, writes w. II.
Boehm manager of the fly-wheel depart
ment of the Fidelity and Casualty Com
pany. 1T is only regarded so by those
of an expensive power plant do not know
what possibilities of accidents are nor to
what extent these possibilities may be re-
by expert engineers The danger, he
points out, is in the increasing Of the speed
of the fly wheel and overlooking the engine
work. ii may be desirable to increase the
output. Such increases should not be un-
dertaken without the advice and approval
of an expert such as these insurance COM
nave constantly 6mDlOYeQ. These
experts hammer-test the wheel, try every
bolt and key, note all defects, take careful
measurements, compute the strength to re-
sist rupture, and then determine to nicely
just what speed the wheel will safely
stand. These inspections, which the COM
pany makes regularly for its own protec-
ton, really make fy-wheel insurance an
operating economy to the assured, just as
Is boiler insurance.
The universities which have established
insurance courses report good progress and
an encouraging interest in the new depart
ment. Yale has prepared the most elab-
crate course. and a number OF lectures have
already been given by prominent under
writer's. The schedule Of lectures for the
entire term contains many well known
names, and is evidence that the officials
intend to make the course as complete and
practical as possible. The list of lectures
is as follows:
Sept 2S-"History OF Life Insurance"
John M. Holcombe vice president Phoenix
Mutual Life Insurance Company.
Oct. 12-.'Theory Of Life Insurance and
Annuities," John X. Gore, actuary Pruden-
tial Insurance Company, Newark, N. ].
Oct. l9-.'Theory of Life Insurance and
Annuities," John K. Gore.
Oct. 26-"Calculation Of Rates." John K.
Nov. 2-"varieties of Contracts" John x.
Gore.
G
Nichols, editor Insurance Monitor and Law
Journal New York.
Nov. 1s-"Ofice Organization" John B.
Company, Hartford.
Nov. 2S-"Agency Organization" John B.
Lunger.
| Jan. 11-"History and Relation of Fire
Trade" Richard NJ. BisseII. vice president
| Hartford Fire Insurance Company.
Jan. 1s-'"Theory, Including Discussion of
| the Nature of Fire Insurance Contracts
General Instructions" Richard NJ Bssell.
Jan. 25-"Organization and Methods"
Feb. Fire Insurance Engineering, In
cluding. Methods for Providing Protection
Fsb fy ana Richard
| M. Bissell.
Feb. 15-"Losses. Adjustments and Mis-
| cellaneous," Richard NJ. Bissell.
Feb. 22-"Marine Insurance" A. A. Raven,
Atlantic Mutual Marine Insurance Com
| pany, New York.
Feb. 2sL"ssteam Boiler Insurance" ]. NJ.
Allen, Hartford Steam Boiler Insurance
March 7--"Employers' Liability Insur-
| ance" Sylvester c. Durham, president
| Travellers Insurance Company, Hartford.
| March 14-"Accident Insurance." Sylves-
| ter c. Durham.
| March Astronomical Functions of In
surance with Relation to the Family" John
| M. Holcombe.
| March Astronomical Functions of In
surance with Relation to the State" John
| M. Holcombe.
April 1-"Government Insurance" Prof.
Farnam, Yale University.
| April governmental Insurance" Prof.
May 2-"Insurance Law" Charles E.
| Gross, Hartford.
Nav 9-"Medical Selections unassigned.
| May 16-"Industrial Insurance" Hon.
John f. Dryden, president Prudential In
| surance Company, Newark.
May Especial lecture on Fire Insur-
ance" unassigned.
May 9O-Specisl lecture, Hon. John A. Nc
| Call, president New York Life Insurance
Company, New York.
/ June Especial lecture, j. w. Alexander,
president Equitable Assurance Society Of
New York.