Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-04-01
OMAHA AS INSURANCE CENTER
Many Companies Have Headquarters
Here and state L. Grow
ing Rapidly.

The growth of Omaha as an insurance
center during the last three years has been
very gratifying, not only to the insurance
fraternity, but TO the general public. In
addition to the life insurance companies
making their headquarters here, there are
now three stock fire insurance companies,
whose home offices are located in Omaha,
where their entire business Is transacted.
Nebraska, like a majority of the western
states, is enthusiastic over home institu-
tions, and today il a loyal citizen wants to
insure his home he always gives the prefer
ence to Nebraska companies.
The State Insurance Company OF Ne
braska was organized three years ago by
A. J. Love Of Brennan-Love company. The
directors and stockholders Of this company
are among the leading business men and
bankers of Omaha and Of the state. The
company has fully paid up cash capital
Of 100000 and a surplus to policyholders
of $1O6,64O.es
Until recently Omaha as buyer Of high
grade bonds for investment, outside Of a
few estates, was unknown, but probably
no city the size of Omaha in the west is
today investing as much money In high
grade securities as are the insurance COM
panies of this city. The tendency In the
Insurance business, like all others, is con-
centration, and a well equipped agency to-
day represents companies doing every
known kind of insurance. Among the lead
ing agencies in Nebraska is Brennan-Love
company of Omaha. who manage and have
charge of the establishment of agencies
throughout the state for all kinds Of insur-
ance; thus a bank or an individual entering
into the insurance business can arrange a
complete outfit of companies from that arm.
Nearly every bank in Nebraska outside
of Omaha has an insurance department
connected with its business, and represents
not only fire and life insurance companies,
but liability, accident. surety. plate glass
and burglary companies. The State In
surance Company of Nebraska alone num-
bers over $50 bankers throughout the state
as its local representatives.
Another significant change in insurance
methods is that a merchant or manufac-
turer now having a large amount Of in
surance TO place seldom places 1t among
a number of agencies as in the past. on
the contrary, he puts his entire insurance
interests In the hands of one agency that
has had experience not only in the gen
erai operation OF the business, but which
has experienced adjusters and which is
financially responsible for any errors which
might occur. To any large manufacturing
or mercantile concern the Brennan-Love
company, through its newly established
Sprinkler department" now offers to in
stall at its own expense a complete auto
matte sprinkler system, contracting for
the insurance for period Of years, at the
END of which time such system becomes
the property OF the manufacturer or mer-
chant This novel proposition has already
been accepted by a number Of our leading
property owners, and there are to be
found today few cities in the west where
more buildings are 50 equipped than in
Omaha. The advantage offered by its use
to the Individual plant is secondary only
to the fact that by general usage OF
such devices widespread CONGREGATIONS
would be impossible. F. ] HASKELL,
Secretary, Brennan-Love Co.