The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-08
Local Insurance Field;
NeWs and Notes of Interest

Indianapolis Fire paid semi-annual divi-
dend Of per cent. this week.
w. S. Shelton has assumed his new posi-
ton as superintendent Of agencies of the Re
serve Loan Life Insurance Company.
y :
The Southern States which have too often
proven Improbable to fire insurance COM
panies are credited as showing a profit
for 1903.
At a meeting of the stockholders OF the
Sea and Lake Insurance Company of Chi
cage. this week, it was decided to liquidate
the company.
Louis Fl. Wolff, who for six years has rep
resented the Royal as special agent for Indi-
ana, has resigned TO succeed the late Dan
forth Brown as state agent Of the Aetna.
=
The Interstate Life Assurance Company
has isused a new rate book in which it's
rates are based on the American Experience
Table of Mortality and 312 per cent. interest.
E. NJ. Post, general manager of the Mutual
Life Insurance Company of New York, has
had several counties added TO his territory
which now comprises thirty-nine counties in
central and northern Indiana.
= =
John T. Martindale. for several years with
the American Central Life Insurance Com
pany of this city has taken position with
the Interstate Life Assurance Company az
superintendent of agents for Indiana.
The Mutual Life and the Equitable Life.
both of New York. have withdrawn from
Japan because of the exactions of the
-
experience there. The New York Life will
remain for time at least.
+
An attempt is being made to merge a
large number of the smaller fraternals
into one large society. The promoter has
begun his work in Illinois by merging the
Loyal Americans and the Fraternal Army
of America as the Fraternal Army OF Loyal
Americans.
c.. p. Williams, for eleven years associated
with Mr.. Flickinger as Williams & Flick
niger, general agents of the John Hancock
Mutual Life for Indiana, has been elected
superintendent of agencies for the American
Central Life Insurance Company.
Examinations of the local insurance COM
panies by the Indiana Insurance Depart
ment are progressing rapidly. The State
have their policies valued. The examiners
are this week in the office of the Federal
Union Surety Company. The local COM
panies are making exceedingly satisfactory
statements.
Charles A. Kelly, special agent of the
St Paul +. and NJ. with headquarters at
Terre Haute has had the northern penin-
sula of Michigan added to his field, which
now comprises Indiana and Michigan A.
L. Mac Pherson, of Louisville, has been APP
pointed special agent Of the company for
Kentucky.
The Ohio Supreme Court this week rem
dered decision holding the suicide clause
in a life insurance policy to be invalid in
the case of Lucas Hammer, administrators for
Charles Hammer VS. the Aetna Life Insur-
ance Company. Hammer committed suicide
within two months after taking out the
policy, which expressly stipulated that IL
was invalid If insured took his life within
two years after its issue.
The famous surplus distribution case be-
tween the Equitable Life Insurance Society
and Insurance Commissioner Host, of Wis
consin, which was TO have gone to trial
Jan. 4. has again been postponed. this time
TO Feb s. II is now understood that, If the
case goes to the Supreme Court, and is not
disposed of before the company's license
expires i'm March. that a new license will be
issued which will remain in force until the
final determination of the controversy.
A number of changes are reported in
the Indiana department of the Travellers
Insurance Company. r. NJ. Ferguson has
been appointed liability manager of the
company for Kentucky. Irvine S. Hamp-
ton, an attorney of Louisville, succeeds
Mr.. Ferguson in the indianapolis Office.
Vincent s. MATHEWS, who was liability man
ager at Toledo. has been appointed liability
manaper for Indiana L G. E'rX has heen