The Montgomery advertiser., 1906-12-09
THREE STATES IN THE FIGHT They Want Charge of lnsolvent Company. MAY WEATHER STORM Contest on for Assets of Atlanta
 Birmingham Co, Deputy Insurance Commissioners A. c. Sexton as Receiver Will co to Atlanta Again This Afternoon
 --Georgia, Alabama and
 west Virginia CIaln-
 ing.

That the State Insurnace Department of Alabama has determined on strong
 fight to secure the final adjustment of the affairs of the Atlanta Birmingham Fire InsurarHce Company, which was declared in the hands of a receiver by Judge A. D. Sayre several days ago. was announced yesterday at the CapI- tai. Dputy Insurance Fammissioner A. c. Sexton leaves Montgomry for Atlanta. the headquarters of the com pany at 1:30 o'clock this afternoon and will remain there until a definite settlement shall have been .-rrived at as to theS State which shall have Ju- risdiction in the matter.
 The reeeivership proceedings which were first Instituted by the Insurance Department of this State have now be- come involved by the appearance of three other States, each of which has interests involved, and lash Ofawhicn is expected to make light to secure the settlement of the affairs of the company under its own laws.
 When the announcement was made that the company had been declared in the hands of receiver by Judge Sayre. the States of Georgia, Virginia and California all entered the proceed ings by similar action. Deputy Com missioner Sexton was appointed re- ceiver representing the laims of this State and Wednesday Afternoon went to Atlanta. He returned from there yesterday, and will leave for that city again today to be present at the pro- ceedings in court tomorrow.
 The grounds on which Alabama claims it has the right to control the adjustment of the companys affairs of the company. 1t having neen incor- porated under the laws Of Alabama, and second that Alabama was the first State to institute the proceedings.
 We believe our position is tenable, said MT. Sexton last night, and we shall make a strong effort to secure the control of the company's finances until after the final settlemnt of elaids standing against It."
 Georgia bases it's claim ta the right of jurisdiction on the ground that the main office of the company fs located in Atlanta, and that the affairs ar the company should be settled according to the laws of that State. Virginia has an interest in the matter through the act tha he company proposed O rein sure it's losses lin a Virginia company, while CaliforniA's interest in the mat ter is based on the immense amounts of money which sufferers from the re- cent earthquake and fire there have suffered, who were insured in the de- funct company.
 As to the financial condition of the insurance company. Deputy 1ommis- s!oner Sexton stated yesterday he is hopeful that the losses of those in sured in it will not be as heavy as had at first been anticipated. A number Of the San Francisco losses, con in- vestigation, 1t Is believed. will be found to have been due rather to The effects of earthquake than to ire. Trn- der these circumstances. It is thought the obligations which will have to be met will not be as numerous or as heafy as the claims that habe been pre- sented for payment.