The San Francisco call., 1906-05-30
READY ron FIRST BIG Loss.
Companies to Divide Responsibility Id
Wfne Assocfation CRse.


OAKLAND. sfay 29.4How the insur-
ance companies are to settle their big losses
in San Francisco Will come squarely before
them for decision next week, when the hrst
large claim to be adjusted, that Of the
California Wine Association. in which
nearly $1.00Q,00Q is involved. will be taken
UP by the companies interested for the
purpose Of detsrmining their respective
liabilities and formulating plan OF
ii is expected that the course pur-
sued By the companies in settling this
first big loss will Indicate the policy to
be followed in afsposing of the other
large claims. For this reason the action
to be. taken by the insurance companies
with respect to the claim Of the Cali
fornia Wine Association Is awaited with
with anxious interest bF policy holders
who sustained heavy losses in the con
| ia grafton.
The loss of the California Wine Ass0-
ciation was the first to be assigned for
adjustment BY the cthtfal committee OF
fifteen of the Fire Underwriters ADJUST
| ing Bureau. The assignment was mad
nearly a month ago, AID the adiusters
named were Edward de Cola and f.
J. dolly. Their duty was to arrive al
a Just estimate Of the loss, all OF the
companies interested agreeing to abide BY
| the findings of the adjusters- De Cola
/
task by a staff of experts on wines, a.
4 considerable Quantities of the liquor be
longing to the California Association wa.
saivabie. Some of the wine. the ad
| jnsters decided could be converted Int
vinegar and saving effected in that way
j De Cola and Jolly have nothing what
| ever to Go with the question of the liza
bility of the companies Interested in th'
| loss they have adjusted. That is i the
| vital feature OF the settlement. OF the
claim that, Che company managers ant
representatives will determine next week.
T. Attorney T. c. Coog..a of the Fir.
Underwriters Adjusting Bureau says tina
he looks for rapid action by the insur
ance companies In paying big claims; nov
that the adjusters are. beginning 10 brin.
in their reports on the losses assigned
to them. Close. to 600 sets of adjuster'
are. at present employed on losses wher
more than six Insurance companies ar
q concerned.
The general adjusting committee o
/ fifteen assigned aTD addltionai losses Z
the adiusters yesterday. Thus far u
payment has been made on any loss wher
SIX. or more COMPANIES were Interested.
There was to have been session o
1.-The Board Of Underwriters of the Paeif
IN Reed Hall this morning, but becaus
, | A. quorum was lacking no meeting Wa
, heidi Owing to the fact that a numbe
, Of the companies holding membership /
the Board Of Underwriters of the Pacif
are. to Withdraw from doing busines
j within the jurisdiction of that orgahizs
tion and also. becatse many Of the Rob
board companies would ike 10 avail'theuu
selves of the protection and higher rate
> Of the-rboaFd companies, a reorgantzatio
t-of tas BOARD of Underwriters of the Pa
cisc is scheduled as one of the importan
) neyes to be made.
~ Attorney r c. Googan, representing th
l. Fire Underwriters Adjusting Bureau
: Held a conference with Governor Pardb
: today. 1t Is said that the lawyer gay
the States executive to understand tha
) the insurance men are strongly oppose
to any special legislation bearing on I'll
? insuranee laws at this time, The insul
! ance managers declare that insurance les
isIation under present conditions woul
: rctard rather than hasten the settlemen
4 of the san Franciseo fire losses, am
/. that the utmost caution should be exc
! vised BY the Legislators in enaeting an
! INSURANCE. regulations before the work Q
/, settling the losses now confronting th
; companies Is finished