The Birmingham age-herald., 1905-08-06
INSURANCE NOTES

Several insurance companies have noti- fled their New Orleans agents to discon- tinue writing life insurance polices in that city as result of the yellow fever epi- demic.
 When the first cases of the epidemic of 1897 were reported several companies i'm mediately withdrew. The Mutual Life Insurance company, which had thousands of policy holders in the Crescent City, stuck 1t out and continued to write poli- eies. Although many deaths resulted from the epidemic that company was re- quired to pay only two policies. They withdrawing on account of the present conditions, but will continue to write policies in that city until the fever has entirely abated
 Commissioner of Insurance Folk for the state of Tennessee has notified the under writers of Nashville that they cannot declare the increase of 25 per cent in insurance rates, as was contemplated. His decision was based on the findings of Attorney General Gates, who decided eAot tiAN SoAAiDiiliHS oA tiiC to raise the fire insurance rate was a violation of the anti-compact law of the legislature.
 The increase in the rate, 1t is said, re- ferred only to the wholesale and congest- ed district of Nashville, where 1t is claim ed the fire department is not sufficient to cope with a serious blaze. The under- writers have expressed their opinion that | 4 41.1. ...t1I They are determined to withdraw from the portion of tne city under question.
 The insurance companies are being fought by q similar law in Arkansas and as a result the insurance question ill that state has reached serious proportions The companies are withdrawing their busi- ness, and loans are not being granted on policies. The president of one of the big companies doing business in Arkansas says that as d result of the war on the in- surance companies by the antitrust law that interest on loans in that state will go up as high as 10 per cent.
 
 The total losses by fire in Nashville dur ing the month of June amounted to nearly $6o0,0O0, more than in any other southern city.
 ] Out of a total fire loss of sl1.7 500 for the United States and Canada during the month of June, the south contributed property valued to the amount of $2,- l93.OCO to the ash heap.
 The following are the fire losses for the 1 south for the past six months:
 January, $a,090,o00 February, $73s0, ,000; March, $2, ,525, GOO; April, S1.712,o00; May, 1 Sf,79O00O; June. S2193,0O0; total for six months. s17,62o,0oo
 J. R. Pratt. who for several years has | been the state agent for the New York Life Insurance company, with headquar- ters in Birmingham. has resigned that position to accept position with the same company at Chicago. I w. H. Gillespie has been appointed to succeed Mir Pratt and has already as- stunned the duties of the local office. MT. | Gillespie has been working for the New York Life Insuranoe company in this state for several years.
 1 T. R. McCarty has returned from the agency convention of the Security Mutual Life Insurance company of Binghamton N, Y. The convention which is an an- nual occurrence, is given at the home of 1 flee complimentary to the agents of the ! company in all parts of the United States | MT. McCarty was selected to address 1 the convention on the subject, Why Life Insurance Appeals to Mans Better Ma 1, ture."
 Mir. McCarty says that the meeting was most successful and accomplished much good for the company.
 1 P c. Ratliffe, local representative of the i Penn Mutual Life Insurance company, has returned from his vacation and resumed the duties of his ofhce
 President w. J. Cameron and Secretary l W H. Stewart of the Life Underwriters association of Birmingham, are making 1 a strong and determined effort to have l Birmingham well represented at the meet | ing of the national association at Hart ! ford Conn, September IS, 19 and 20
 Letters have been addressed to all the members urging upon them the necessity 1 of a large representation from this city at the meeting. It is thought that a good number will go. A hard fight will be made to have the next session held in Bir- ,oineham. MT. Cameron believes that if
 this city is well represented at Hart | fard that it will be very probable that the roeeting of 1906 will be held here
 
 l w H. stewart, state representative of 1 +ha Metropolitan Life Insurance company.
 ,,as s'as returned from d trip through the | s,.,,,arn mart of the state. He says that