The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1907-03-23
insurance Easy Money in
1906; Premiums Great
er, Losses Less.
MORE WAR IMPENDS
Clash Between Governor and State
Auditor Threatens to Break
Out Afresh.
Especial to Lake County Times). j..

standpoint of the fire insurance com
panies, Indiana during the year 1906
was easy money. During that year,
the compilation of the premium and
loss records made by the insurance de-
partment of the state auditors offlce
shows that the loss ratio was smaller
as compared with the premiums re-
ceived than ever before in the history
of the state.
In 1906, according to the compilation
the losses paid by all fire companies in
the state, for Indiana fires, was $361,
505.38 and the premiums received
amounted to $1,O69, 9,556.S2. the losses
paid out being only 1874 per cent of the
premiums received. In 1906 the losses
were twice as much, $724,761.S9 and the
premium receipts were less, being
1886, 1859, making the loss ratio for
the year about 1875 per cent.
In 1906 according to the compilation,
the losses in Indiana of all fire com
panies doing business in the state
amounted to $2,494,323.S3 and the pre-
miums paid amounted to $6,437, ,612.91,
the losses being only 3S.4 per cent of
the premium receipts. In 1905 the loss
es were $3,346,423.2S and the premium
receipts 5000. 1898. the loss ratio for
that year being 56.6 per cent-which is
taken by fire insurance men to be a
normal loss ratio.
Nevertheless Would Advance Rates.
And in spite of this excellent show
ing from the standpoint of Indiana
the companies are trying to advance
the fire rates all over the state.
Further consideration of the report
shows that during the year 1906, citi-
zens and residents of Indiana paid to
all insurance companies, life, fire. cas-
ualty and miscellaneous, the enormous
sum of $20,197.047 and received back
the somewhat smaller sum of $6,252,
311.T. Compared with similar items
in 1905 the showing is not so good
from the standpoint of the companies
but better from the standpoint of the
assured. In 1905 the premium
receipts were $20,276. S69.73 and the
losses paid were $6,814,47S.62.
Life companies were in bad shape
during the year 1906. The premiums
were less in 1906 than they were the
year before and the losses were larger
This was due in part, probably to the
insurance litigation in the state for the
past year.
Another break-out of the war be-
tween the governor and the state audi
tor seems to be brewing. AS noted In
these columns several days ago, the
appropriation bill passed by the last
Legislature carried large increases tc
/ NIT
one of the points that the governor OBJ
jected to.
And now that the time for the ap-
pointment comes around, the story
gains credence that the governor and
his friends have taken the position that
an appropriation bill, which only ere
ates salaries for deputies cannot create
the deputies themselves-tha is, can
not create the office that they are tc
fill. If this position obtains, then Aud
itor Billheimer will not be able to fl
the several vacancies that he was ex-
pecting to have to fill April l.
Never Before Called Into Question
The general belief is that the bill
can create the offices themselves, as
well as appropriate the salaries them
selves. This has been done for years
past, at any rate, and never before has
ii been called into question. Whether
the matter will come to actual issue
remains to be seen. This. as we'll as
other matters of some state interest
including appointments will be decided
then, when the governor gets into the
harness He was expected back to-
night.
The G. A. r. veterans are in furry
about the fact that they cannot get
the usual reduced rates for their state
encampment to be held at Fort Wayne
May %. % and 24. Col ]. r. Fesler.
assistant adjutant general of the state
organization has written to the com
missioner of the Central Passenger. as
sociation again, putting the case of the
old soldier more strongly than before.
This in the hopes that the hard hearted
railroad officials will relent for this one
occasion.
AS matter of fact, however. the
old veterans do not see much chance
in a relenting on the part of the rail
roads, and it is understood they will
make efforts TO get reduced rates on
the interurbans.
1T will be a great success, whatever
the rate is" said Col Fesler today.
we Will not let this interfere with our