The San Francisco call., 1910-02-20

states ana foreign countries, ana the
totals thereof show that 1873 per cent
of the marine business was written by
California companies, with a loss ratio
of 47.2; 16.4 per cent by companies of
other states, with a loss ratio of 1872
per cent, and 647 per cent by com
panies of foreign countries, with loss
ratio of SOL per cent.
During the last 25 years the marine
companies have received in premiums
S39,344042.04, and paid out in losses
$23,515.23
Three new companies were author
lied to transact marine insurance
business in California during 1908,
namely. the Aetna accident and liabil
ity company of Hartford, Conn, the
Federal insurance company of Jersey
City, N, j.. and the General marine in
The first named company sought
license as a marine company in order
that it might transact certain automo-
bile business.
SURPLUS LINE MARINE INSURANCE
The returns from marine surplus line
insurance show an increase in amount
placed and an increase of premiums
charged.
The figures reported are as follows:
Gross amount procured or
placed during 1908. 80. 81, 1,5S4,923 90
Gross amount procured or
placed during 19O7... 621, ,161 90
Showing an increase of. s 91s,762 90
Premiums charged in 1905. S %, ,161 20
premiums charged in 1907. 1924 40
Showing an increase of. IS 25.926 so
Amount Cancelled during the
Amount Cancelled during
Premiums returned in i9oS.$ 1,o0o.72
PremlumS returned in 1907. .....
LIFE INSURANCE
The amount written in 1908 by level
premium companies was S41,340,22O,
represented by 1880 policies, while the
amount written in 1907 was $34 ,SS3,92S,
represented by 1858 policies, showing
an increase in amount written of
S6,456,29 and an increase in number of
policies written of 1927.
The premiums received on
new policies in 1908 were S1,34S, ,031.44
The premiums received on
new policies in 1907 were 1,206,133.73
Showing an increase OFFS 1869 II
The amount renewed in 1908 was
S246,6S2, ,206, represented by 1878 pol
icies, while the amount renewed in 1907
was $246,370 S3180, represented by
113,770 policies, showing an increase
in amount renewed of s311, 1,37420, and
an increase of 2,028 in number of pol
icies renewed.
Only one new life insurance company
was authorized to transact business in
this state, and that one had previously
operated in California, the Northwest
ern national life insurance company of
Minneapolis, MINI.
AS above stated, it became necessary
to revoke the authority of three life
insurance companies during the year,
the Des Moines life insurance company
of Des Moines, Ia, the Capitol life in
surance company of Denver Colo, and
the Minnesota mutual life insurance
company of st. Paul, MINI.
INDUSTRIAL LIFE
In addition to the foregoing, three
companies transacted life insurance
business on the Industrial plan.
The amount in force at close of 1908
was s2S,579,770, represented by 165, ,636
policies; the amount in force at close
of 1907 was S26,5SS, $50, represented by
149,026 policies, showing an increase of
$1,99O,79O, represented by 16,61O poll
cies.
The following summaries indicate
the condition of the life insurance bust
ness for the year 1908:
Ordinary Life Business
Number of policies in
force ........ 142,s3O
Amount of insurance in