The Newark star and Newark advertiser. [volume] (Newark, N.J.) 1909-1909, 1909-04-15
FIRE INSURANCE
IS DISCUSSED BY
REDMOND CONLON
Local Man Reads Interesting
Paper at Underwriters Meet
ing in Jersey City.
DISCUSSES VARIOUS
RISKS THAT ARE TAKEN
Article Prepared at Request of
President of Jersey Or
ganization.

REDMOND Z. Conlon, of this city, read
an interesting paper on Fire Insur-
ance, Reliable and Otherwise" at the
eighteenth annual meeting Of the New
Jersey Association of Fire Underwrit-
ers held at the Board of Trade rooms
in Jersey City this afternoon. Mr..
Conlon was former president of the
Organization and he prepared the paper
at the request Of John II. Ward, pres
ent head of the body.
Mr.. Conlon's address treated of the
violation of the State laws on the part
OF unadmitted companies and their So
1~lcitors.
The underwriters organization is
founded on principles intended for pub
lie good similar to that of boards of
trade. The. members. pay their own
travelling, clerical and stationery ex-
penses, and stand for all correct prac-
tises in underwriting and reduction of
fire wastes, as well as for fairness on
behalf of the companies toward the
assured and for the exposure Of moral
hazard ind the determination of in
cendiarism.
Mr., Conlon spoke as follows:
The company that will try to get its
business contrary to law is not entitled
TO public confidence. They evade pay
ing taxes, refuse support to salvage
corps and shirk contributing to the
1dow and orphans fund of deceased
and disabled firemen." Companies that
VIII evade the insurance laws of the
State Of New. Jersey would be likely
TO evade, If they could, the payment
OF a loss. In the event of a loss or
damage by fire who, ON the part of the
company, is to adjust the claim with
the assured? Moreover, If a company
ignores the policy contract the prop
obliged to resort to the United States
Court to collect. and that is a very
slow process.
represented companies when you re-
quire nm Endorsement made on your
policy, or to serve a notice of loss. or
to collect the amount due you.
For the sake of saving so cents on
q hre Insurance policy. or for some
other trivial reason. is IT wise or bust
by their patronage any unlawful con-
Germ that Will use the good name of
n patron to influence in securing an
Dur leading business men might we'll
Lea on In good sopnd business meth;
New Jersey drafted her insurance
laws with the greatest Of care. and
such laws are made for the purpose OF
.tthe latter are bound to submit thereto
and cooperate with the officials of our
insurance department in securing full
compliance.
Any person acting Illegally for a
non-admitted company is a smuggler.
The person delivering a policy of a
IN Rew gerse apte %itbe1t to ff dS e ms Kins
known to the assured that such de-
livery is Illegal Is guilty of deception.
,When smnggling and deception are
which is an offense against our objects
and the principles for which this or
ganization was founded
Under our constitution this body is
bound to repudiate all unlawful acts
and to ignore the Offenders.
The Honcy-Gatherer.
There, are many good reasons why
we should applaud the advance. and
admire the enterprise and progress of
our leading New Jersey companies, both
life and fire.
The past record of these companies
and their present financial strength is
a guarantee for the future.
In the severest fire loss in the worlds
history. occurring in San Francisco,
April; 1905, nearly every one of the
the country. stood up and met their OBJ
LEGATIONS with a promptness and liber-
ality that should %entitle them to the
admiration Of the commercial and
IN that crisis one New Jersey com
pany, whose home Office structure
7 adorns Park, place. Newark, paid in
the neighborhood of one and one-half
million dollars; a large part of that
sum was quickly made up by the COM
pany's stockholders. thus restoring the
surplus account of the company to
nearly the same condition as before
What Jerseyman can pass the white
marble" at Broad and Clinton streets.
Newark, without feeling that there
stands an Institution that is a monu-
ment to its successful management?
Across the street are the beautiful
growing group of buildings of another
finstitutioni where hundreds are en-
ployed In spreading it's business to a
success that the company is now the
An Insurance company that is relia-
bile, strong and enterprising, like the
ihoney-bee, gathers the premiums in
small sums. which, when put together.
ing of the home State and sweetens the
future.
Fsr-of Fields Look Green.
A hunter for cheap insurance may
think that he is ahead of his neighbor
,by going to another village to engage
ka company, agent or broker to handle
This insurance, he may pick a real good
talker, who may promise Just what the
hunter would like to have, but when
Ia loss comes the party so picked may
he on the other side Of the river and
the drawaturne off.
The best fire insurance companies of
the world are doing an honorable bust
ness, strictly according to law, at your
own door. Their doors are always open
to the public during business ,iours,
and whether YOU be a. sufferer by a
fire loss or only need an Endorsement on
your policy, or desire a renewal there
u