The Fargo forum and daily republican., 1909-06-23
HALF OF THE ACCIDENT INSURANCE TN
ND. WAS WRITTEN IN FARGO LAST YEAR

Fargo's companies and agencies IN
the accident. plate glass, fidelity. sure
ty and employers liability insurance
did at least half the business Of the
state during the past year. The pre-
miums reported to the state insuran q
commissioners as received during tht:
year were $199. .07223
Probably the amount of these classes
OF insurance written through the Fargo
Offices and still in force will reach $2.-
100000 or over. The varying premium
rates make 1t almost an impossibility
to secure the exact figures, but esti-
mating the amount in force at The
above figure would be conse yatIVc.
The premiums on accident isurance
Tor the past year in North Dakota
amounted to $95,541. ,C)r health ir-
surance, $14,150; for liability bonds.
$39,777; for surety bonds, $J.29O; for
ulate glass insurance, ,$8,037; foI steam
boiler insurance, $1,321; for burglary
insurance, $11,551; fly wheel insurance
SIT and workmen's collective Insurance
$72. OF the total amount of these
classes of insurance, Fargo wrote at
least half and received haH Of the
premiums.
Total Insurance Very Big.
Counting all kinds of insurance IT Is
estimated that Fargo's companies ard
agencies have in force at the present
time something like $72,000,000 Dur
ing the year 1908 nearly a million and
half of insurance were received in
Fargo as premiums for the various
kinds OF insurance in force over the
territory. This is a most remarkable
showing, but insurance men say that
the business this year will be consider
ably better than ever before
These figures show that Fargo is
the financial center of the northwest.
That 1t is advantageous to make Fargo
the headquarters of the state agencies
Of the various kinds of insurance 1t
was because of the good field here that
the city has so many insurance COM
panies, a large number of whom are
doing state wide busin ,ss while a
few have the entire northw 1T tribu-
tary to Fargo.
All Kinds Represented.
In addition to life and fire insurance
there is represented in Fargo almost
every other kind of insurance Among
these are accident, health, plate glass,
fidelity, surity, steam boiler, fly wheel,
burglary, theft, liability and work.
mems collective insurance. The life
and fire companies and agencies have
been dealt with in previous articles
in The Forum. The other classes will
be taken up in this article.
The development of the state has
created great demand for insurance
other than life and fire. OF course
these two kinds stand far in the lead
of all other kinds combined. A Gle IS
of insurance that is developing rapidly
is accident and health insurance. The
companies handling this class are in
suring large numbers of people over
the state and 1t is probable that with
in the next few years this business
will increase wonderfully.
There are seventeen companies and
agencies insuring in one or another
of these classes in Fargo at the pres
ent time. Two of these companies are
Fargo concerns-hacked by Fargo
capitalists and operated by Fargo men
These are the Northern Trust Co., and
the Dakota Trust Co. Both of these
companies do a fidelity, liability and
surety business. The Northern Trust
Co.. instituted this department in jan
uary, 1908, and has succeeded wonder
fully in the business. In this class
of insurance it did the largest business
in the state in 1908 and its officers