Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1909-12-23
TOTALS FOR YEAR
INTERESTS
HEADS
Insurance Men Begin to Won
der What Harvest viii Be
For Old Line Companies Of
East.

NEW YORK, Dec. 22.-What will
the 1909 totals OF insurance be- This
question watch Is keeping heads OF
old line companies in the east On the
tenterhooks Just now. Is their version
of the what shall the harvest be
brought up to date by Wall street
standards. Il has in il the makings of
a more widespread interest but not
everybody knows it, The insurance
totals of 1909 viii gauge prosperity
but also gauge the public's memory
concerning partial disclosures regard
ing its own exploitation as risks en-
masse.
Whether the expected jump in reye-
nues of the old line life and casualty
companies has taken place per sched-
ule in spite OF certain changing condi-
tions in the insurance field will soon
be known. Last year January reports
showed totals which indicated sub
siding Indignation and returning pros
perity-both of which meant big diyi.
bends for 1909. There was then in
force life insurance in New York
state alone thEt totaled 81 ,653,311 S94
in Illinois 1913. 1854 120, in Kansas
$S6, 25S.S7S exclusive of fraternai IN
surance In the Casualty field.
which nowadays covers two score new
and ingenious underwriting plans.
the last January / reports showed
some stupehdous figures. for the pre-
miums alone in Massachusetts were
over s9.160000 in Illinois S5,S3S.-
$50, and New York Sl7,232 SO. Of
which the losses required on an aver
age about 3S per cent The 40 cas-
ualty" companies even in 1908 made
gain, their surplus earned above
dividends being $10,z34 972 And the
dividends were something ornamental
as nearly everybody contributed some,
where down the list of underwriting
novelties.
The size of the increase of reYe
nues and PROFITS is what the captains
of the regular casualty concerns
are awaiting. not doubling there was
an increase as N every year since il
was begun. Also they are bothered
by an experiment IN cooperative II
surance in Chicago which has made
revelations regarding the profits made
in their field The older fraterlal
and mutual forms they had competed
with and still prospered, by charging
high rates but the Chicago project
has let everybody into the game 81
exploiting themselves and their
friends and bids fair to succeed be
vestments of large sums IN the in
vestments of iar;e sums and not iT
the underwriting. Cutting the un
derwriting rates to cost by mutuaiS
has not pleased the insurance cap
tain. but giving the public snare
OF the investment profits is differ
ent," and far more serious to them
the public beneiting
The life insurance totals increase
in 1908 over 1907 quite sharply, Is
peciaIly in the agricultural states likC
South Dakota and Kansas. wher'
good crops have been the rule during
recent years In South Dakota tbs
insurance in force juhped from s25
904. SAG to over sS6.G00. goo and il
Kansas the gain was larger per
centage OF gain than was achieves
in eastern states. although the gair
in New York WIS about s65 100000
and in Massachusetts about $4,000.
600. This rule held true in Mime
sofa also the gain being s187, 597 ,53l
in 1907 to s196. 612.eS2 in 1908. II
linois increased its insurance in forc'
nearly s25.0e0. 600.