The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-11-01
PAID San FRANCISCO LOSSES.
SEVERAL INSURANCE COS. SAY
THEY WERE MISRATED.

The Royal, Continental and Queen Took No
Discount for cash TIT Camden Met
All Claims and the Phenlx and Bun lO
German Also Not In Doubtful Column.
Some OF the insurance companies having
risks In San Francisco when the earthquake
and fire took place are not satisfied with the
rating they got in =. recent article in The
SUN in the matter OF paying of claims
Considerably more than one hundred com
panies were involved and the matter WIS
obtained from a source usually reliable.
The article said that the Royal Insurance
Company of Liverpool paid practically
in full with only rare instances OF taking
! per cent. for cash. G, +. Shallcross,
the manager, says that all losses we're paid
In full Immediately after adjustment and
without any discount for cash. The amount
paid by this company was S. ,673, $40. Henry
Evans, president of the Continental lnsur-
Rnce Company, also says that his company
paid losses in full, with no deductions for
cash. The Continental's losses were ST.
500 900.
The Camden Fire Insurance Associa-
ton objects to being placed in the doubtful
list. j. Lynn Truscott, the vice-president,
Says: -Inasmuch as this association had
" vi AN OllOACf IA ~ hhAAN1 IN NS
sgens of San Francisco at the time Of the
fire, no claim whatsoever has therefore
been made on us by any person in that city.
our entire loss consisting of reinsurance
of the Glens Falls Of New York, the Security
>pf Connecticut, and the Williamsburg City
ofNew York, and every dollar OF claim made
upon us by these companies has been fuily
met and paid without discount. or the
three companies mentioned you place
athe Glens Falls and the Security in the list
under trustworthy companies. and IL
.seems to us that our having paid exactly
Jns they have done entities us to the same
tplace.
Mr.. Trscott's statement is confirmed
INV a letter from the president OF the Glens
trails Company, j. l.. Cunningham VINO
hays: h.uov;n.
chat the Camden had no direct liability
whatever in San Francisco, all being as
kreinsurance of other companies. and as the
t6lens Falls held reinsurances in the Cam
Slen and paid its claims IN tun we teei IN
,ferested in saying that the Camden mas
exromptlv responded in like measure.
The Phenix of Brooklyn also objects to
being placed in the doubtful column.
SCharies +. Coster. the secretary OF the
company, writes:
.This company has paid, is paying and
dntends to paw any and all legitimate claims
that il may be called upon in consequence
tof the San Francisco DISASTER
The manager of the Buffalo German In
.surance Company says that the company
never attempted to evade the Just and
honest payment Of losses in San Francisco.
SSeoretary Georger," says he, was per-
sonally on the ground, and with the assist
Rnce Of our adjuster, Mr.. Clarke, our losses.
which were all told only one-tenth of our
net surplus and capital, were adjusted
and paid according TO the proof OF loss at
one hundred cents on the dollar
1t was also reported that the Queen OF
Americe took one per cent. for cash in
acme rare insts noes. 1t has been since
ascertained that both the Royal and Queen
raw losses in full in all cases. These COM
panies were placed high upon the list OF
trustworthy companies that was printed
in The Sun.