The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-08-15
NEWS or THE. INSURANCE WORLD

likelihood Of other states following suit
and the resulting direct increase OF Ia
bility rates. industrial accident and |
health Insurance. under blanket forms.
Ing part OF the premiums, would even
tually supersede liability insurance. He |
cited the advent OF foreign laborers ac-
customed TO compensation in their own
countries aud claimed they, had added to
the demand, Their appeal" the speak
ar said. has been heard by two classes,
and the former have not been slow In |
putting the demand to immediate use for
their own purposes"
Widow Given Her Rights.
a case, which has been before the |
courts for several years past involving |
as ii did fine point in law has just |
been, decided by Judge Sheppard Of Pen
or IN the NJ sse Lite Goe OF gnt Diy
naming his sister the beneficiary. He |
later married and requested the company |
changed to that of his wife. While the |
matter was In course Of correspondence. |
Jewell was shot and killed. Sister and !
widow brought suit against the company.
which filed cross action and paid The |
$4,000 into court. The case went up to |
the Florida court Of appeals from judg- |
ment in favor Of the sister: the lattArr
ordering that judgment be entered in IA
yor of the widow.
Life Insurance Address.
Supervisor H J. Saunders Of the New
York Lies California branch delivered
Tri-City Rotary club OF Oakland on
Modern Life Insurance" In tho course
of his talk. Mr.. Saunders made a refuta-
to die to beat it.'' by pointing out that
his company alone. to say nothing OF the
many other first-class companies, had
death claims. and over s675, 900 900 to
living policy holders In endowments. divi-
dends, surrenders and other benefits.
Boom in Insurance.
There seems to be boom on all over
the country in the formation and promo
the prediction is freely made that there
Will be a whole lot Of worthless insurance
stock certificates when the boom ex-
plodes A compilation made by the Jour
nal of Commerce shows that 22s insur-
ance companies have been organized or
projected since January l Of the present
these new ventures in insurance Is S126,-
792 900 and the proposed surplus $s2,-
1000, making total OF S209, $4,000, In
1909 there We're 2S7 new companies start
ed. and 1910 bids fair TO double that num-
her or the new companies that have al
ready seen the light of day this year.
sixty eight arc life companfe9. with
capital and surplus OF about S36, 900. 900.
scventyseven fire companies, with Vs.
900 and eighty-four miscellaneous in
cluding accident and bonding companies,
To Eliminate Brokers.
A question that promises to be produc
tive of much discussion In life insurance
circles in the near future Is the seeming
determination OF not few of the lead
ing companies TO eliminate brokers from
the life Insurance business. A great deal
has already been said on the question.
and strong arguments have been ad-
vaDced by both sides. The New York
| insurance commissioner has been ap-
pealed to; but that official declines to
| act. preferrlng TO let the life insurance
companies themselves make the first
| move.
Insurance Notes
| -. Ward. first vice president of the Pru-
Dental Life Insurance. company, which
occurred , In London; England. Dr. Ward
| for upwards OF 30 years, and was re-
Sarded as pillar OF strength to that
| great company.
| The Equitable Life Of New York is
considering monthly plan OF insurance.
| in order. IL is said 20 meet the compcti-
| tion of fraternal orders.
Utah already has two life insurance
oompanies-,the Continental and Reneh-
clal-and there is some talk OF stsrting
or promoting OF stll another. ]. Owen
Carter Of Salt Lake City. son-in law OF
the main promoter OF the project.
Frank w. Jennings. for the past two
| years or more the spccis! agent for Utah
T, Idaho 5 and Montana OF the George II.
resigned his position, His successor has
not yet bcen named. The companies rep
resented by The Tyson agency are the
the Phoenix of Hartford Mr. Jennings
made Salt Lake his headquarters
The local board of fire underwriters will
resume It's regular monthly meetings on
| saturday. September 1.
Companies that are writing plate glass
insurance report that the profits on this
| class Of business have gone rlimmering
since since the advance In the price OF plate
glass. An adjustment bureau and an
| independent glass factory are being
strongly urged by some OF the oompanIes
Tho attorney general for Pennsyvania
| has ruled that under the state law n. cor
porauon cannot act as Insurance agent
G. l.. Bailey OF Denver, special agent
for tho Fidelity Phoenix Fire insurance
COMPANY OF New York. spent last week
| in Salt Lake City
Bernard Froiseth. formerly connect.d
| with the Pacific Board OF Fire Under
| writer's in Salt Lake City ond now spa-
cia c,5,!, ,s, agent for the Alliance and the IN
| headquarters In Helena Mont, Is here on
visit TO the Utah agencies.
The New York Life has Just paid the
| eState OF the late c. NJ. Freed a death
| insured with the company I'm the s,rn, OF
10000, but In preparing the proof OF death
papers il was discovered that he was a
| year or so younger than ths age given
| A. the lime he took out tho policy and
ll@ direrence in premium with interest
was returned to his benenciarjes aIone
with the principal sum.
Complaint Is made In fire insurance cir
| cles that the entire line Of insurance on
lhe pig smclrer plant OF the international
Smelflng company at Tooele has been
given To New York agencies, and that
NOT one dollar OF the business has been
placed in Utah.
James p. Townsend. 2 resident Of New
York. has been arrested, charged with
h'Samv. his alleged crime being detected
through his application 10 The Metropoli-
tan Tor NE insurance. naming wife No
= as me beneficiary. The deception of
Ire Two women was perfect and never
might have been learned except for the
companys action.
The state Insurance department Is
pleased 10 learn that the druggists |
ihroughout tho state arc avoiding plac- |
ing their insurance with n-adnitted |
lnler-insurancc societies. but are placing |