The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-10-30
INSURANCE NEWS AND
NOTES

The Norwich Union has transferred its
local agency from Newton Todd to e. S. r.
Seguin.
E. n. Mayer has been appointed general
agent of the ordinary department Of the
Prudential at South Bend
c. c. Carter has resigned as special agent
of the accident and liability department. of
the Aetna Life, which he has been repre-
senting in Indiana for some months.
The German of Pittsburg, the Security
Trust and Life of Scranton, and the Title
Guarantee and Trust Company have re-
Gently been admitted to the State by the
insurance department.
William I. Waters, special agent of the
Fidelity and Casualty Company, has To-
Gated in Indianapolis to look after the COM
pany'S personal accident and health insur-
ance in this city.
Fred w. Tasney, Western department
manager of the ordinary department of the
Prudential was in the city last week and
met with the leading agents of the general
agency of Z. p. Manly.
XXX
r. F. Howe, for several years connected
with the southern Minnesota inspection
bureau, has been appointed assistant in
spector of the Indianapolis bureau to re-
lieve Manager Il. NJ. Goodloe of portion
of the work, Mr.. Goodies time being di-
vided between the Indianapolis and Evans
vile offices.
BY the application of the schedule to the
Kingan Packing Company's plant in this
city the rate was raised from s1.65 to 1924,
and since September expiring policies have
all been renewed at that rate. The COM
pany is making certain recommended i'm
provements which will reduce the rate
about so per cent.
Insurance Commissioner Perkins, of South
Dakota. is reported to have ruled that in
surance companies operating in that State
will be required to pay their fees and taxes
in cash hereafter and that checks will not
be accepted, and his peculiar action has
caused much sarcastic comment. If the re-
port is true it is doubtful il he could force
the companies to abide by it.
Indiana fire insurance agents are COM
planning because they are losing elevator
business since the application of the ele-
vator schedule. The Indiana rate is said
to be 1 per cent. higher than the Illinois
rate. and even In that State agents are
AS elevators, owing to their common ex-
posure to the hazards of railroad tracks
and engines and frequent vacancy, have
proven Improbable as class to many
companies, managers do not seem to be
much concerned over the loss of the bust
ness.
The New York Life, the Mutual Life and
the Equitable Life Assurance Society, all of
New York, last week announced that here
after no agent employed by one of these
companies would be engaged by one of the
others without learning from the company
he is connected with whether ii has any OBJ
jections to his making the change, and that
no man who has been employed by either
of these companies can be negotiated for
by the others within six months. They
were led to make this rule because of the
practice of many irresponsible agents to
build up a clientage with one company and
then, upon promise of higher commission
to go to one of the other companies and
twist the business they had obtained TO
their new company.
Burglary insurance solicitors recognize an
approaching wedding where expensive pres
ents are to be expected as an excellent
opening for them to write a policy AL
though detectiveG are sometimes hired to
guard presents. valuable pieces are often
missing after the ceremony is over AS the
detective agency cannot be made to make
good the loss the burglary insurance So
licitor has a good talking point for his pol
icy, and, furthermore, he reminds his pros
pective client that the policy not only holds
good for the short time during which the
house is given over to the preparations for
the wedding, but for the entire year, and
also that in certain companies the wraps
and belongings of the guests are covered
by the policy as well.
XXX
Indianapolis is sure to have more than
its share of conventions next year. All
eyes will be on st. Louis and her great
exposition, but as a convention city the
lack of hotel facilities will make that place
undesirable. But many convention bodies
are planning 10 meet in cities conveniently
near, and after adjournment the members
will attend the exposition. For the carrying
out of this plan Indianapolis is considered
one of the most advantageous points, and
already a number of associations of various
kinds have named this city as their next
meeting place. Two large insurance gather
ings are assured-the National Association
of Insurance Commissioners and the
National Association of Life Underwriters.
There was considerable talk at the meet
ing of the National Association OF Local
Fire Insurance Agents, held In Hartford
last week, about holding the 1904 meeting
of that organization In Indianapolis, but
l thia was not done The place OF pext