The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1906-12-08
WH|TNEY'S REPORT
IS COMPLETED
Settlements by Insurance
Companies of Losses in
This City Are Reviewed
RATINGS ARE GIVEN


merce on the settlements made by the
various insurance companies on the
losses resulting from the April disaster
has been issued. The report shows
how each company responded to the
trying situation, and in pamphlet form
it will be distributed among CONNER
cial bodies the world over. in order that
insurers everywhere may be apprlsed
of the character of concerns they are
dealing with.
The facts set forth by the Chamber
of Commerce have been carefully pre-
pared by Professor Whitney Of the
University of California. The report
was gone over thoroughly by COM
mittee consisting of Charles II. Bent
ley, George E. Butler and George D..
Gray, and was approved by the trustees
of the chamber before it was ordered
published.
The pamphlet consists of fifty-six
pages of printed matter, general re-
view of the situation and some theo-
retical discussions taking up consider
able space.
The ratings given the insurance COM
panies are as follows:
SETTLED IN FULL
Settled at 100 per cent-Aetna, California,
Continental. Liverpool and London and Globe,
Settled at 100 per cent. less small discounts
for cash. as follows: Alliance of Philadelphia.
less per cent American Central. less to D
per cent; American of Newark, less per cent;
Atlas less j to 2 per cent; Citizens, less = per
cent; Connecticut, less l and : per cent; hart
cent; German American, less . per cent; Insur-
ance Company of North America, less per cent :
Crown, less per cent: London Assurance Corpo-
ration, less per cent: Manchester, less per
cent; Michigan Fire and Marine. less per cent
New Hampshire. less / per cent; New York Tn,
ner cent? With exception Of EARTHQUAKE policies
that were settled at IS to 30 per cent
Niagara, less per cent; North British han, and
Mercantile. less 2Lper cent; Northern Of London,
less / per cent; Northwestern National. less
per cent Pelican, less TO per cent; Pennsyl-
vania less 2 to per cent; Phoenix of Hartford,
less per cent, with the exception of earthquake
clause policies that were settled early at 10 per
cent and later In full less 2 per cent Phoenix
ers less > per cent Providence of Washington.
less to per cent largely, but some claims at
less . per cent: Security of New Haven. less ?
to 8 per cent; Springfield. less 1 per cent; State
exceptions: St Paul Fire and Marine less to
per cent; Sun, less per cent; Teutonia. less
TO per cent; Union Assurance, less per
cent: Victoria. less ? to per cent: westchester,
began at 10 and so per cent later settled in full.
less to per cent; Phenlx of Brooklyn. began
claims were settled % per cent; Queen City,
began at 20, later settled in full. giving notes
and claims TO bring earlier settlements up to
10 per cent, paid in full. less , per cent
LESS THAN 100 CENTS
Seventy-fve per cent and up-Aachen and AIu-
Mich. ranging from 10 TO so and 80 per cent;
Assurance Company of America: rs; British.
American of Toronto and British-American Of
New York. SIS and so; Buffalo German, % to
so: CALIFORNIAN of Edinburgh, % to IS. largely
at 90 Caledonian American, same as Caledonian
Of Edinburgh; Colonial Underwriters, from 20
to go contends 1t has averaged 81; Concordia,
. to 80; Eagle 40 Federal from %! % up Fire
10 to 80; Germania. 70 to 90; Girard. 75 to
80; Globe and Rutgers. IS to 90; Nassau,
wick 70: North River. from rs to 90: North
western Fire and Marine, 70 to So; Royal Ex-
Glens Falls, 90 and up. but mostly in full less
per cent; Hamburg Bremen. 20: Hanover, 10
writer's. 75 to 90; Svea, 70 and up; Western
of Toronto IS to 90; United Firemen's 70 to 90.
75 CENTS OR LESS
Seventy-fve cents or less-American of Boston.
40; Alliance of London. 80 to 10, with payment
lowed by the Commercial Union OF London, Com
mercial Union of New York Palatine and In
Fire. from e5 to IS; Delaware, 60 to SO:
Dutchess, 80; German of Freeport. 60 until it
went into the hands of receiver; German of
Peoria. so; German National. 60 until it went
into the hands of a receiver; Milwaukee Me-
ehanies. 80: New York 40; Norwich Union same
Companies that have paid nothing TO date
are the Atlanta Birmingham; Austrian Phoenix
which denied liability and withdrew from the
State: North German of Hamburg. which has
denied liability and withdrawn; North German
of New York, which is in the hands of a re-
ceiver; Rhine and Moselle. which denied liabiI-
ity and withdrew: Transatlantic. denied liability
and withdrew; Security of Baltimore, in the
hands of receiver; Traders, in the hands of a
receiver.
SOME SPECIAL INSTANCES.
Paragraphs from the report having
special interest by reason of happen
ings in the last few months are as fol-
lows:
Calumet Company-Certain stockholders sub
scribed q special fund of $500 600 upon the
agreement of a majority of the claimants to
accept this settlement, releasing thereby the
pany from further claims The surplus to policy
holders at the time was 1915. 600.
London and Lancashire began by paying its
small claims in full, less per cent for cash
In june it made payments at 30 per nt.--com
ing back finally TO 9S and 100 per cent The
company states that its payments have aver
aged about 90 per cent of the amount of its
claims. (Orient settled same as London and
LANCASHIRE
Williamsburg City-Most of its policies con-
tain earthquake clause. Settled claims on these
at 80 to 75 per cent according to location. ON
full and at least $500 on claims of $500 or more
Settled claims on policies that did not contain
earthquake clause largely at 95 per cent
Fireman's Fund-Has paid 90 per cent on
in cash and remaining 90 per cent in stock of
company. Claimants have generally accepted
this offer. (Eiome Fire and Marine and Pacific
Underwriters same settlements as Fireman's