Republican news item. [volume] (Laport, Pa.) 1896-19??, 1903-04-09
THE GRANGE
Coasucted BY J. ~. DAKRCV.
Pres CUsrssposds~t, Ass Yorh A0ts
0ra NJ
GRANGE FIRE INSURANCE.


SsRe Statistics Relative to This Fea-
tare Of Grange Work.
While there are financial benefits ac-
cruing to members of the grange, these
are not set forth as Inducements to Sc
cure membership. However, some facts
concerning grange fire insurance are
worthy Of consideration. In Michigan
thirty counties of the state are organ
fzed under county and district plans
and also company covering all terri
tory not otherwise organized. The ag-
gregate value Of farm properties car
ried by these companies is about $10,-
100000. The average annual cost Of
insurance upon each $1,000 is not far
from 81. Pennsylvania has eight
grange mutual fire insurance companies
carrying risks aggregating over $15,-
0O0, 1000. Some of these companies have
been doing business more than a quar-
ter Of century. The aggregate cost
has been about one-half of what the
same class OF risks costs in other CON-
panies. In Maine, with almost $6,0OO,-
coo in risks, the fire losses Of 1902 in
the Androscoggin Patrons company
amounted to only $1,000, and the aver
age assessment on $1,000 for seven
years, ending Dec 81, 1902, was only
81. The Oxford County (Me.) Patrons
Insurance company carries $1,714, 1913
ut an average cost per year for twenty
six years Of $500 per 81 600.
In New York state the risks carried
by grange insurance companies is, for
1901, last report published, SOS, ,225, 600.
Losses were 100000. or $1.S0 per ST.
900, and expenses $4,000, or 40 cents
per $1,000. Cost of insurance per ST.
600 was 1920. There We're twenty
three companies reporting. In the JEFF
ferson and Lewis county Patrons Fire
Relief association New York state risks
amount to $10,249,S03, and with losses
for the year much above the average
the cost OF insurance was only $1.Sl
on each $1,000. In Herkimer county
the grange insurance in force Jan. /,
1903, was $2,51S,7SO. In Steuben and
Livingston counties association policies
In force Jan. l amounted to $3,170, 300
and cost to the insured for three years
past has been only 5311a cents per 81 600.
The Columbia and Dutchess associa-
ton carries SO, 1874 600 in risks, of which
amount 81 ,060,S6O was written in 1902,
and the total cost to the insured for
ave years was $4.S4 per 81 900, or about
95 cents per year per $1,000. The Cat
taraugus county association wrote
soc, 600 insurance In 1902 and has over
$1,O0O.O0O in force.
The Ohio Grangers' Mutual 1nsur-
ance company has been in operation
twenty-three years. There are now
3.2S6 policies in force, the amount of
the insurance being $3,1OO,6l6. There
have been twenty -one assessments for
1856 losses during the twenty-three
years, and the average cost of insur-
ance per year has been $1.43 per 81 600.
In Massachusetts the grange COM
panies wrote $407, COS insurance in 1902,
and total risks are s755,36s. Receipts
for premiums were $3,272, while the
losses were only $3.50. This is re-
markable showing, for while good for
tune has certainly attended the com
pany 1t Is also evidence Of carefully
selected risks.
Herein lies one Of the chief reasons
for the excellent showing made by
grange insurance companies-care in
selection Of risks, then economy Of ad-
ministratiOn and careful supervision.
y