The San Francisco call., 1906-06-27
DOLLAR COMPANIES ARE ANGERED
BY COMMENTS OF TYSON.
Managers Make Statements in
Reply to His Criticisms.
Effort Is Being Made to Create
Confusion, It Is Said.

OAKLAND, June 26-Managers of
several of the dollar for dollar. insur-
ance companies went on the warpAth
today looking for General Agent
George H. Tyson of the German Amer
lean, Phoenix of Hartford, German Al
lance, New Hampshire and Protector
Underwriters who. as reported exclu-
sively in The Call today, stated that
there are no seventy -five-cent or dol
lar companies; that some thirty odd
companies have had themselves adver-
tised as dollar companies, to which they
have no more claim than the other
companies, and they are making dis
counts, every one Of them, to our GER
tain knowledge"
Exception was also taken by dollar
for-6ollar company managers to the
list of companies compiled by Tyson,
which he informs his special agents, in
circular letter, subscribed TO the
New York platform OF adjustment. One
Of the managers considered ii was pre-
sumptuous on the part of Tyson to
compile such list without first ascer-
tanning whether every company in
cluded in the list had subscribed to the
New YORK; agreement.
One of the companies enlisted by Ty-
son as being a party to the New York
resolutions was the Aetna Mana ger
George w. Spencer of this corporation
says that his firm was not represented
at the New York meeting, neither did it
subscribe to the platform.
EXPLAINS THE DIVISION.
Manager Rolla V Watt of the Royal
and Queen, both listed with the dollar
for-dollar companies, says that the
matter which caused the division in the
Fire Underwriters Adjusting Bureau
and the creation of the sections known
as the dollar-for-dollar companies and
the seventy -flve-cent companies was
not altogether with reference TO dis
counts, as is implied in Tyson's state
ment With reference to this feature,
Watt said:
The difficulty arose on this point:
The majority voted to make a horizon
tai reduction of 25 per cent upon all
cases where the policy by its condi-
tions was not voided. In cases where
the policy was voided no payment was
10 be made The minority, recognizing e
that serious earthquake damage had
been done in many instances. but not in
all or a majority of cases, insisted that
no horizontal reduction should be made
but that every case be settled on its
merits. That is to say, If the company
is clearly liable, the measure OF loss
under the policy would be the loss and
damage by fire. Such loss when as
certained would be TO the amount Of
lar. without discount"
George D Dornin, Pacific manager
of the Springfield Fire and Marine In
surance Company. who made the first
public protest against a horizontal cut
OF 25 per cent in the payment OF ad-
justed losses, declares that an attempt
is being made by some of the six bit"
companies TO confuse the public mind
as TO the New York plan of adjustment.
Dornin resigned as Pacific manage of
the National Fire Insurance Company
on the ground that this company de-
manded horizontal cut of 25 per cent.
Concerning the situation today, Dornin
said
There is very little in the New York
plan OF adjustment that has not been
carried out in ordinary lines Of adjust
ment But the attempt at this time of
some companies 10 construe the New
York plan of adjustment as meaning
that a 25 per cent cut in adjusted
claims is to be followed is an unwar-
ranted Interpretation of the agreement.
Certain of the companies are trying TO