Daily Kennebec journal., 1906-04-25
San Francisco and the Insurance Com.
panes.

panies.
1t is gratifying to know that the
big insurance companies will meet
promptly the enormous losses oc-
casioned by the big San Francisco fire
Advices received at the agencies III
this city are very re-assuring on thls
point. The Aetna states that after
paying its San Francisco losses in 1ui'
it will still have it's capital unimpa'reo
and large surplus.
The American Central wires tnat II
will have half a million of surplus lelt
after paying its San Francisco losses
in full.
The Granite State Fire Insurance
70 wires that It carries no risks on
the Pacific Coast, and was therefore
not affected by the San Francisco
disaster.
The North British & Mercantile co.
has wired its agents to draw on
London fer payment of all San Fran
c,sco claims. and to subscribe five
thousand dollars in the name of the
coupany for the relief of the sufferers.
The New Hampshire Fire Insurance
20. wires that its San Francisco
liabilities are very small, and will In
no wise affect it's financial condition.
The Springfield Fire and Marine
Insurance Co. announces that the
settlement of its Pacific Coast losses
will still leave it's reserve of over $500, =
600. 600 and its capital of $2,0O0,0 900 in
tact.
The Agricultural Insurance Co. of
Watertown, n. ". states that its losses
will probably not exceed $500, 900, and
that it's surplus On April l, 1866 was
81, ,0O0. 100000.
The National Fire Insurance Co. of
Hartford announces that every Hart
ford Company will pay in full every
claim against it caused by the ap-
palling San Francisco disaster. The
statement of this company shows that
on January 1, 1906. 1t had gross assets
of s7,3O4, 1856 and a surplus of $3.314.-
3O54S. 1t states that after all its San
Francisco claims have been paid in full
it will "show an unimpaired capital
and a satisfactory surplus"
Neither the Merchanics and Traders
of New Orleans nor the Franklin Of
Wheeling, West Virginia. had any
in San Francisco.
The Hartford Co. announces that it
will pay all it's San Francisco losses
promptly and in full as it did those oc-
casioned by the big fires at Baltimore.
Boston and Chicago.
1t states that its income-amounting
to over thirteen millions in 1905 is suf-
ficient to pay. several times over the
losses which it will sustain through the
san Francisco catastrophe.
The New York Underwriters Agency
states that it is amply able to meet all
possible demands and that its San
Francisco losses will be promptly ad-
judicated, and paid.
The German American Insurance
Co. states that every liability which
it has i'm San Francisco will be
promptly met, and still leave it with a
large surplus fund.
The Liverpool and London and Globe
Insurance Company says: "Our United
States funds are doubtless quite ample
to satisfy this loss without call upon
our Home Office. but. as has been
customary on like occasions in the
past. arrangements are in progress Ia
furnish the whole of the needed money
from England. in order that these
funds may be undisturbed."
The Phoenix Company states that it
is amply able to meet all its San Fran
cisco obligations and to fully protect
and safeguard all its interests else
where.
The Home Insurance Co. states
that after paying all its San Francisco
losses it will still retain a surplus Of
81 900, 600.
These prompt assurances from the
big companies mean much at such a
firetime. 1t shows that the fire risks in
this country are carefully safe
guarded. The insurance due the
sufferers i'm San Francisco will be
promptly paid. Like Baltimore it will
in an incredibly short time rise, Phoe-
nix like. from its ashes. and he big
ger. better, buster city" thar ever be-
fore.