The Washington bee., 1908-09-26


New York City.-The insurance
against Black Hand Outrages and
losses resulting from the election are
not the only queer policies written by
Lloyds, the English association OF
underwriters which will insure
against almost anything, providing
an adequate premium is paid.
Lloyds has Deen in the insuring
business ever since 1892, and there
Is no record OF it ever having de-
fauIted on just claim.
Designed originally as a society
for marine insuranCe-and that is
still its principal business-1t has is
sued policies against all conceivable
kinds Of risks As in the beginning
of its career, LlOyds Is still backed
by a group of men, much more num-
erOus than the first group, and each
one stands to lose more than did the
whole OF the original group. Each
member OF the society must sub
scribe $50, 900 on his election. This
fund makes up the reserve against
the legitimate business of LlOyds-
namely, marine insurance.
All the freak insurance, such as
the policies against Black Hand out
RACES and American election losses,
is written by different groups Of men
who are members OF LIOyds. II.
man thinks the Back Hand is going
tC blow up his store and cause him
q loss of $4,000, he goes to the
Lloyds agency, which communicates
with the home Office, and group OF
say, ten members Will bind them
selves TO pay $1,000 each in event of
loss and the policy Is written.
Nearly every stallion of import
anCe on the Ke-tucky breeding farms
is insured, some OF them for as mucn
as 100000 Many race horses IN
training were insured until a few
years ago, Wnen a succession of loss
es caused an advance of premiums to
practically a pTOhibItive figure. The
CT wning blow came when James R.
] ines Highball broke mis- leg in the
last fuTlOng of a race and had to be
destroyed. Highbal was insured
for very large amount
kace horses and valuable pOIO pom
les are still insured, but the policies
usually only cover possible losses
while the animals are IN transit The
dangers OF the race track and of the
polo field were found to l. too many
for the insurers.
Ll0yds makes d lot OF money out
OF the Yagaries of the weather. 1t,
bets huge sums right along that t
is not going to rain on a certain day
Every once IN a while it does rain
and II pays out a pretty sum. Pro
prietOrs Of race tracks frequently il
sure against a TainstOrm on big
stake days. Rainy weather will cut
the attendance IN half. but the money
offered for the big stake must be
paid whether 10000 or 10000 per
sons witness the race. Recently a
suburban real estate concern which
spent $4,000 advertising an auction
sale OF lots, took out a policy against
ralnstorm on the day Of the sale.
Paderewski on his concert tours,
takes out half a dozen different kinds
OF insurance. accident and health.
and separate policy on his va,ua-
ble fingers. Rubelk. the violinist.
also keeps his myers insured on his
tours, CarusO and several other
grand opera stars. carry insurance
against colds and other maIad.es
which AFFECT only the vocal organs.
Practically all the wealthy owners
or automobiles, not only insure their
machines against damage by fire.
theft, collision or other accident, but
also carry liability policies. If the
chauffeur runs down and kills or in
Jures anybody. the damages which
the victim gets must be paid by the
liability company.
Many business men in Britain car
ny insurance all the year round on
the HE OF King Edward, as they did
for years prior to the death of Vic
toTIa.
some Wall street stock spectators
make 1t practice carry insurance
on the life OF President Roosevelt.
because of the market upheaveI
which would follow the sudden death
of the head OF the nation. LIoyds
will not issue its gambling policies to
everybody. Ii must know the man
and know that his regular business
viii suffer a loss in the event OF the
happening against which he insures.
WIRELESS TALK WITH BALLOON