The San Francisco call., 1906-06-22
CONTINUE
IN RANKS
OF BUREAU
Thirty-Six "Dollar" Com
panies VIII Not Quit
Underwriters.
Decide to Hasten Adjust
ment and Settlement
Of Losses.
New York" Plan Of Paw
ment Agreed Upon
in Meeting.

OAKLAND, June 21.-Representatives
OF thirty-six insurance companies that
are now enrolled in the dollar-for- dol
lar section Of the Fire Underwriters
Adjusting Bureau met in Reed Hall to-
day and adopted the report prepared by
the committee of five. OF which William
J. Landers of the London Assurance
Corporation and the Niagara Fire In
surance Company was chairman.
In accordance with the recommenda-
tion Of the committee. the organization
OF thirty-six. Of which George w. Spen-
Ger OF the Aetna Company is chairman
and T. F. Devlin OF the Atlas Insurance
Company is secretary, the dollar-for-
dollar concerns decided not to secede
from the Fire Underwriters Adjusting
Bureau, and to proceed and settle losses
IN which more than six companies are
involved upon the lines laid down at the
recent meeting Of the managers of the
American companies in New York The
losses where less than six companies
are interested are risks that are not
taken up by the Fire Underwriters Ad-
5usting Bureau. The thirty-siX compa-
nies also took action o hasten the work
of the 1900 loss committees that have
been appointed by the Fire Underwrit-
ers' Adjusting Bureau. and 1t Is prob
able that il the adjustment Of such
risks is not made more rapidly in the
future than II the past the dollar
for-dollar companies VIII appoint loss
committees from their own organiza-
tion.
MICHIGAN JOINS RANKS.
Il was announced today by Landers.
who was delegated TO give out infor-
nation TO the press. that one more
company had been added TO the roll OF
The concerns in the dollar line. this
company being the Michigan Fire and
Marine with this addition the list OF
companies that arc termed the dollar
for-doliar companies is as follows:
Continental OF New York
London Assurance.
New York Underwriters.
Teutonia-
London and Lancashire.
English-American Underwriters.
Orient OF Hartford.
state Of Liverpool
Hartford Of Hartford.
Citizens Of ST. Louis.
Home Of New York
Connecticut.
New Hampshire
Queen of New York.
ROYAL Of Liverpool.
Industrial Underwriters
Aetna Insurance Company.
California
Mercantile Of Boston.
American Central Of St Louis.
St Paul.
Manchester.
Atlas OF London.
Kings County.
Sprinzield Of Massachusetts.
New Zealand
Sorth British and Mercantile.
Ts,-ernool and London and Globe.
sun Of London
Northern Assurance, London
Phoenix Of London.
pelican Of New York.
Insrrance Company of North America
Niagara Fire Insurance
American Of Newark
Michigan Fire and Marine
WILL NOT WITHDRAW.
c.a.lrsng Of the results OF the meet
- The thirty-six companies today
..1-bere IS no intention at this time
- ~ mart OF the organized minority
90 the companies affiliated with the
rfre Underwriters Adjusting Bureau
- withdraw from that organization
II is our present purpose TO folio" the
general rules now in operation a"u le,
~,sin with the Adjusting Bureau uhtii
a. appears that cooperation is utterly
fonossible we do mean, however
- nse our every effort 10 hasten The
,,,ort, OF the loss committees that have
been named by the bureau, as the
,,-orlx and reports from these commit
eos have not been rapid and Of a salts
factory character. The reports have
been coming in tardily in many in
stances. and we mean TO check such
DELAYS II IL lies within our power.
Many OF the companies are ready
"a make settlements with their policy
holders and the dilatory tactics OF the
foss committees OF the adjusting bu-
,eau are irritating. Where less than six
connnanies are interested in loss the
oresnization OF thirty-six companies
nroposes TO adjust in accordance with
the New York agreement. That means
mat every risk will be adjusted on its
merits. and where doubt exists as tc
the legality efforts will be mace to eff
. feet a fair compromise-one that will
he accountable both TO the insured and
the insurer. We are positively opposed
to any horizontal cut This is one OF
the principles for which we have
fought and TO which we will stub
bornly adhere"
The essence of the situation as de-
veloped today is that the thirty-si1
companies named reiterate their inten-
tion Of making no cut on adjusted
claims They will continue adjust
rneuts on the basis of the agreement
mentioned, but interpreting 1t to mean
not a horizontal cut of 25 per cent as
advicated by sixty odd companies two
weeks ago. The questions as TO earth
quake damage. destruction by dyna-
mite. loss OF all evidence of value. and
the like. are 10 be adjusted on basis
OF reasonable compromise, but when