The Columbian. [volume] (Bloomsburg, Pa.) 1866-1910, 1908-12-10
NSUR|NG AGAINST
ELECTION LOSSES.
Just How Lloyds Takes
Queer Chances on Po-
litiCal Results.
BLACK HAND POLICIES
"Y:pany Has Taken Long Shots tor
wo Centuries and Has Never de-
s..iited on Just Claim.-Isain
lat Docs Not Fall II Big Source
vt Income.

New York City. The insurance
usaInst Black Hand outrages aud
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 been in the insuring
business ever since 1892, and there
Is no record of 1t ever having de-
taulted on a just claim.
Designed originally as a society
for marine insurance-and that is
still its principal business-it has is
sued policies against all conceivable
kinds OF risks, AS in the beginning
OF its career, Lloyds is still backed
by 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 ol tAe society must SAD
scribe $4,000 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 pOnc!es against Black Hand OUT
RACES and American election losses,
Is written by different groups of men
who are members or Lloyds. # a
man thinks the Back Hand is going
t. blow up his store and cause him
loss OF $4,000, he goes to the
Lloyds agency, which communicates
with the home office, and a group OF
say, ten members will bind them.
selves 20 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
ID insured, some of them for as mucu
as 100000. Many race horses in
training were insured until few
years ago, wnen a succession of loss
ea caused an advance of premiums to
o;ucally a prohibitive figure. The
Wning blow came when James r.
mes Highball broke his leg in the
- furlong of race and had to be
=Stroyed. Highball was insured
: a very large amount.
Race horses and valuable Doio non
les are still insured, but the policies
usually only cover possible losses
while the animals are in transit. The
cangers OF the race track and of the
polo held were found to b. too many
for the insurers.
Lloyds makes a lot of money out
or the vagaries OF the weather. IL
bets huge sums right along that it
is not going to rain on a certain day.
Every once in a while 1t does rain
ana IL pays out pretty sum. Pro-
prletors OF race tracks frequently in
sure against rainstorm on big
stake days. Rainy weather will cut
the attendance in half, but the money
onered 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 policy against
transform on the day of the sale.
Paderewski on his concert tours.
taxes out half dozen different kinds |
oI insurance. accident and health. |
anu separate policy on his va!ua- |
Die nngers. Rubelik, the yiolinist
also keeps his nngers insured on his |
tours, Caruso and several other |
grand opera stars, carry insurance |
against colds and other malad es
"nlch arect only the vocal organs
Practically all the wealthy owners
Oh automobiles, not only insure their
nlachlnes against damage by fire.
theft, collision or other accident but
also carry liability policies. II the
cnauHeur 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.
~ insurance all the year round on
the HE OF King Edward, as they did
Tor years prior to the death of vlc-
toria
some Wall street stock spectators
make IL a practice carry insurance
on the lie of President Roosevelt.
because or the market upheayel
"hlch would follow the sudden death
OF the head OF the nation. Lloyds
VIII not issue its gambling policies to
everybody. 1t must know the man
ana know that his regular business
Will suner loss in the event OF tDe
happening against which he insures.