The Cairo bulletin., 1908-09-13
CITY'S Illuminating POSITION
IN INSURANCE CLASSIFICATION


to d previous city administration cal
ii5 attention to the fact that the los
lla!io of the year was travelling alOn
a. the rate of 800 per cent of tn
| remiums collected and that forty-tw
TIRE insurance companies of interne
t'2nal reputation had withdrawn fror
and ceased doing business in Cairo
during the -four previous years OWNS
II excessive losses sustained. II
connection With the matter an ordi
= l1ce was submitted to the council
relating to Fires and Fire Depart
nleit and specifically covering the
taerointment of a Fire Marshal and
Hhi'ding Inspector That particular
Petition, and it was not the first
+, Il emcrial that had been presented on
ne same subject was signed by every
Ire insurance agent in the city of
Cairo and after Offering recommends
tons on the subjects of Fire War
da4s, Fire Marshal and Inspector. the
Fir2 Department. Water Works
streets, Construction of Buildings,
Old Buildings and those part de.
troyed, Explosives, Electric Wiring,
/ ete-, etc, it ngeniousIy almost
E1theticalIy concluded. I'VE present
t1a situation to YOU exactly as it an.
Fears to us safe in the belief that
rompt and effective action will fol
low"
"lat sums up the situation, gentle
men. the local agents of your city
nave been presenting the situation
t. The city authorities for fifteen
gears to my positive knowledge and
we are still safe" in the belief that
prompt aud effective action will fol
low.
Insurance Agents Human.
Fer the average local agent. popu.
larlI expressed belief to the con. |
tr1ry Notwithstanding. is ever the adj
Focate of as low insurance rates as
= consistent with good underwriting
Practice and the legitimate profits Of
the fIsiness will permit and he does
business, and usually provides for his
'tnill, on less measure of gross and
let profits on the volume of sales"
han probably any commercial Dur
MT represented at this table TODAY.
The Local agent is always a citizen.
le Is generally property owner and
'aFs insurance premiums himself. and
-e IS. with an occasional exception.
hnlsn being and quite as ready to
. oiHJte the advancement of his home
ny as the members of any other
lass of commercial or professional
ia.
City Revenue Ample.
say "a YOU, that had the CITY al.
Illustrations of the past listened tol
lr warnings and needed the pet'
ms Of the Iocal insurance agents Of
'i," tour yssrS ago thi. month. tho
.c"''i' owners and merchants Of
. o." would nave saved as muco c.,n
- il gould nave cost the CITY
p" equip itself TO prevent aud con-
u ines tor the entire period.
II I am not mistaken. and have
4 taken the time to figure the dol
~ ond cents so secure 10 / feel in
7 assertion, enough money has
80. and still is being unnecessarily
nt each year. to cover the entire
p'nso Of installing such improve.
'ate ~ are necessary TO meet the
o r'monts for lower fire rates. The
'It. Mr. Toatsmaster and Gentle
-. Is not that your insurance rates
too hish but that the condition
}cur city from an underwriting
'tpoint from the experience of
10 and los. Is too low.
What IS Fire insurance. SIN
us p business mems gathering. coli
ihR especially IN view the needs of
Inc merchant the foundation TIVE sid,
'h" rii}'s prosperity and advance and
. while having in mind the fire res
u as appiied to this city in gsn.I +,
p. my remarks win dwell more mar. .po
iaTi' on THAT class Of risk" known ne.
NJ mercantile building. the store .ao
~ and business buildings in the nos,
,ihai business section Of the civ tho
All. a. ] suggest. refer 10 other co-,
.'7. The manufacturing plaots sr.t
''r Yards -four mills. elevators surs
IT, hriiaines AMI DWELLINGS but +, sD..5
'ueh as the basis rates of a Ct. i1g
p the present and widely extap5. NO d
method Of arriving at premium viii
5es. applies directly to the me-
D. building As 4 basis for class IN
IN DO understood for the mo eur,,
10 refer only to mercantile ,u-o
lngs and their contents. w.,.
= Insurance is a enmmo5itv In rs, ,
he but based on the experience ers,i
'eS- For the past few dozen fs,,.
only has this experience bee7 do,,
-fra and rar-~a-a -