The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-09-05
The Worlds Life Insurance.

4ub WOIlu hll6 luSuTdnCe.
The Weekly Underwater" IN com
Board OF Trade on British life insurance
for 1909, gives the following world figures
of life insurance In force: In the United
States, SIS. 600 900 600; In Great Britain.
$4,000 900. 900; in Germany, $1,000, 900. 900; !;
In France. $3.50, 900, 900: In Russia. S62.-
100000, Total. s22.312, 600, 600, Estimated
total for the world, $4,000, ,000.0 600. This
latter total includes both legal reserve
and fraternsl insurance, There are nine
billions Of assessment and fraternal in
surance certificates in force In the United
States This it will be seen that as the
worlds population Is estimated at one
and half billion the per capita OF life
Insurance Is about S2o.
Department Will Cooperate.
Letters have been sent from the state
insurance department 10 firms and cor
porations that are known TO carry large
lines OF fire and miscellaneous insurance,
requesting them to furnish the commits
sioner with statements OF their policies,
especially as TO companies patronlzcd,
Tho object Of the inquiry is TO ascer-
tain whether the insurance is in duly
authorized companies that are complying
with The state insurance law. or whether
1t is void on account OF noncompliance.
1t Is the purpose of the department to
aid these firms and corporations In de-
terminng the validity and safety OF their
protection. by advising them as TO any
policy that is in the least degree qucs-
tlonablc.
The insurance law passed by the last
legislature laid down very strict require
ments with which all companies must
comply that desire 10 do business 'n
Utah. Some companies, already here,
were unable. or unwilling. to Sleet these
requirements. and withdrew from the
state. Other companies and associations
that have not compiled with the law are
thought 10 be operating Surreptltiously In
Utah. In either case the policies are in
valid unless they have been reinsured,
and should be cancelled at once and re-
written In authorized companies. Other
wise, II losses occur the insured Will be
entirely at the mercy of the company or
association with no power Of recovery,
prompt response 10 these letters OF
inquiry IS ordinarily being made, and II
Is thought that with the cooperation Of
the department all interested Will he on
abled 10 adjust their insurance in such
way as to place IL above question. In
the meantime " any TO whom these let
ters have not boon directed desire TO take
advantage Of this friendly cooperation.
they are Invited TO communicate with IN"
commissioner Of insurance. who promises
prompt attention to all inquiries,
OF course. the foregoing has no refer
ence whatever 20 the generally recognized
standard companies.
Insurance Losses Small.
Reports of fire insurance losses through
forest fires at Wallace, Idaho, and other
points are At hand and show they are
not as great as at first reported. Among
the fairly large risks destroyed were the
Occur d'Alene hardware warehouse, slSo,-
600; Sunset brewery. $4,000; Pacific no
tel SEQ. 900; Worstill Furniture company.
$50, 900 and the Couer d Alcne Iron
Works $4,000 A change in the wind s
direction prevented the flames from rush
ing up the canyon 70 the towns or Gem
and Burke. where the covering on mining
property alone is many hundreds OF thou-
sands. Idaho lumbcrmen say they have
no basis from which to estimate the
4 -..,N tat.
says any estimate would be a mere guess.
This estimated lumber loss in Oregon
from forest fires this season is several
millions.
Value Of Corporate Surety.
The value OF corporate suretyship has
again been forclbly illustrated In New
York when large corporation appointed
q man 10 a responsible position in its
export department The man came with
letters OF recommendation from German
houses, which turned out to be fictitious
and besides had a most pleasing person
ality. After being with the firm for a
short while he got away with 10000 by
forgery and then it was discovered that
he was wanted in Hamburg on similar
charge. At A comparatively small cost
the company could have prevented this
ciais says. no surety company In the
world would have passed the man on the
credentials submitted"
A Word of Appreciation.
That the efforts OF The Tribune to fur
nish Its readers with important insurance
news Is appreciated by insurance men
and the public generally Is quite evident
from the number of letters received COM
mending this paper for the course taken
Under date of August 70; r n Fran
| cisco, state manager for tho West Coast
| Life Insurance company In Salt Lake
| City. writes the editor Of The Tribune as
follows:
II wish to take this opportunity OF
| complimcntlng YOU over the interest you
are creating among insurance represent
atives In this city and state and adJoin-
! ing states through the insurance columns
of your paper on Monday of each week.
| As evidence OF the public interest In the
above, would state that some few weeks
ago. mention was made Of our company s
! Intention to extend it's field OF opera
| tions To the Philippines and China, We
! have had at least five personal calls on
the part Of insurance men to represent
us in the above locations and have re-
ceived at least half H. dozen letters from
states outside OF Utah seeking informa =
tion relative TO representing us
when one considers the great number
| Of insurance representatives in this and
adjoining states. for one wish to assure
! you that the information contained IN
Your insurance columns is greatly appre-
ciatcd and ! am taking this small way OF
expressing to you my appreciation In this
respect
An Entertaining Number.
The Ocean Accident 6. Guarantee com
/ pany In its Log Book" for September.
offers a few unique ideas on accident in
surance; 1t says, AUTOMOBILES divide
people into two chsses. tho quick and
the dead Also: Banana peelngs have
cost accident insurance companies more
money than shot guns on the ques-
| t'on OF Inatrimony it says: "a wise man
said that the two things necessary to
make marriage happy are % that a man
should be deaf and (2) that n woman
! should be blind" For the benefit o.
! impoverished bachelors IL furnishes n
list Of the richest American widows
] eleven In number. whose combined
wealth Is estimated at S33S, 900. 600
Suicide Is Alleged.
The General Accident company and the
! Maryland Casualty are contesting the
| payment OF accident policies aggreGatinE
$4,000 issued to o. G, Lowder of Char
lotte. n. c.. on the ground OF suicide
Some time prior To his death Mr. G.owdcr
took out ninety-day policies and. 1t is
! said. tried To get more from other com
pancs. but failed, He claimed he was
about 10 accept position OF travelling
man and desired additional protection