The San Francisco call., 1906-06-24
ADJUSTERS
GET DOWN
To WORK
Good .Headway Is Being
Made Toward Settle
mentof Big Losses.


OAKLAND, June 2S.-Since the dol
lar-for-dollar companies that are af-
f1liated with the Fire Underwriters Ad-
justing Bureau formed an organization
Of their own and threatened to with
draw from the bureau If the work as
signed to the loss committees was not
transacted in more rapid and salts
factory manner, the loss committees
have exerted themselves somewhat and
the thirty-six dollar for-dollar COM
panies and other companies are now re-
ceiving reports regularly on the find
ing of the committees. AS a result of
this the settlement of the big San Fran
cisco risks. In which six or more com
panies are involved. may be said to
have fairly commenced.
1t has developed that the committee
of FIVE appointed by the organization to
the thirty-six companies has the power
TO name loss committees to take up
losses where it is found that the COM
mittees designated by the general COM
mittee of fifteen of the Fire Under
writer's Adjusting Bureau are dilatory
in their work. Thus far the committee
of five has not seen fit to exercise this
power, but it is ready TO act promptly
when the occasion requires.
Said one of the managers of dollar
for-dollar company today:
The shakeup and threatened dis
ruption of the Fire Underwriters
Bureau is already bearing good fruit.
The less committees have gone to work
as theN should have done weeks ago
and we are now receiving reports that
are at least three weeks overdue. 1t
was only last week that / received the
first report from a loss committee. but
this week three or four come to hand
daily. Should this policy continue the
insurance COmDanieS that deal
fairly with their policy-holders will
soon get somewhere in the settlement
of the big fire losses and conditions
will be much improved
Six hundred claims have already been
paid by the Connecticut Fire Insurance
Company, which is one of the thirty
six substantial corporations. The
amount turned over to the policy hold
ers on these claims foots up $S25,511.
Payment is made by draft on Hartford
the location of the home office of ~he
Connecticut.
B. ]. Smith, manger of the Connecti-
cut Company, stated today that during
the twenty years that his company has
operated in California 1t has never done
more new business in any cne month
than the company has transacted this
month"; and, that despite the fact that
the company's representatives have
been compelled to give the greater part
Ol lLclI llAiG 10 StLbiiHS tile company >
losses in San Francisco. A great deal
of the insurance that is being written
by the Connecticut now is country in
surance, Not a little of this patronage
is coming to the company as q direct
result OF the fair and square treatment
that the Connecticut has shown toward
its San Francisco policy-ohlders who
sustained fire losses.
There has been q lively scramble on
the part of some of the companies that
have been classed with "siX-bit'' con-
Germs to make clear their attitude to
the public Circular letters have been
issued by some companies and others
have resorted to publishing statements
in the newspapers. The insurance COM
panies that are listed in the "six-bit''
class are realizing that the designation.
six bits is having a ruinous effect on
their business, causing patrons to cam
eel policies for fear that the financial
affairs of the concerns are unsound.