The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-12-26
News of the Insurance World

ccrdius to the state insurance commits
sioDer.
Through decision of the Indiana Su-
prcme court. the state is required
TO return Sio997 to a number of
the Insurance companies who had paid
certain taxes under protest and now
held to have been Illegal
Sam +. Davis, former insurance com
missioner OF Nevada. and who during the
Armstrong investigation, achieved con
siderable notoriety by demanding the res,
OF the New York Life under penalty Of
losing his Nevada license. has been APP
pointed agent of the Reliance Life al
Carson.
The local board Of fire underwriters will
hold It's next regular monthly meeting
al the new Commercial club OH Sstur-
day, January {. Business or Importance
to the members will he considered. In
Guiding number OF amendments to the
present insurance code.
Henry i. Powell president OF the Ma
tional Association of Life Underwriters.
Is expected In Salt Lake city on January
81 next. at which time the annual meet
ing and banquet OF the state association
Will he held.
Ruebep l.. Decker. who for the past
| fourteen years has been with the Din
/ Woodey Furniture company OF this city,
| has joined the ranks OF life insurance IN.
derwriters having identified bimself with
| the local office OF the Aetna Life OF
itaTlIpru, ''hn
! The Penn Mutual Life Insurance COM
| psny VIII close the year 1910 with An in
| crease of paid business over the pre-
vious year OF 1000, 900. A large proper
ton OF the business written has been
| OH partnership insurance, which many OF
| the company's agents seem 10 have made
! a speciality of.
| John e. Piver. editor and publisher or
the Underwriters Report at San Fran
cisco. spent Wednesday and Thursday OF
last week in Salt Lake. on hts way home
| from business trip east
| Slot machine accident policies have been
| authorized by the Massachusetts, insur-
ance depa artment after January T. The
| er OF the policy against death and loss
| of arm. leg or eye In amount OF $1,000
for twentv-four hours from date Of is
suance.
Seattle Is threatened with a fire rate
war and new board may be formed for
the state Of Washington with the Pacific
| hoard out entirely. The trouble grew
out Of the alleged Objectionable practices
on the part OF certain general agents OF
small companies,
| Should the electrical ordinance now
before the city council become n law. it
| will result in substantial reduction I'm
the rates that now obtain all over the
| city. This Of Itself will mean much to
the merchants and others who carry large
lines OF fire insurance. Ogden has
rcaped the benefits through such an or
| dinance which has been in force for the
| past TWO years OF more.
Insurance Commissioner Hotchkiss OF
New York has advised the Credit Mems
association OF Gotham that the need for
more good, reliable fire insurance COM
panies by the people Of his state was
more serious than the need for bread.
lie further declared that n sweeping fire
In New York city would bankrupt a ma :
iority OF the fire companies doing bust
ness There, and would start one OF the
worst panics the country has ever known.
1xt,,
forty -one years has been with the Mu-
tual Life OF New York. having started
In as office boy. and for the past eighteen
years manager OF the same company at
Denver, has resigned to accept the pres
ldency OF the German American Life. re
Gently organized In the Queen CITY"
The officers OF the National Associn
lion of Local Fire Agents were on the
vestigating committee OF New York
Valuable information along the lines oil
anti-corapact and rating situations was
supplied the Investigators. A. w. Ncnle
OF Milwaukee admitted that commissions
as high as 10 per cent were being paid
In his city.
T.: A. Kicker. agency manager for the
turned from san Francisco on Monday
last. where he had been attending a
convention Of company agents represent
country, Mr. Kicker SAYS the meeting
was ono Of tho most interesting and sue
ccssiui he had attended in many years.
| AT tho forest fire conference held nj
St Paul last week II was shown that
during This wear the Insurance compa mics
lost $2.000.000 on two forest fires alone
~ Beandette and Spooncr, Mimi. and al
| Wallace Ida. The resolutions adoDt ed
declared the appalling loss of life and
the continued great loss OF state and
br,vatc property to be Disgrace to civil.
lization- Telephone and telegra phc lines
or communication We're recommended
also one forestry patrolnan for at least
every 10000 acres requiring protection.
A tabulation OF the benefits paid under
, what are classed as vacation accidents
between June and November I, 1910
mas oeen made bv The Travellers Insur-
total Is sl67 .467. OF which Si02. 06I is
due 10 auiomohiling. s2S,0l6 10 boating
or bathing. SG%. to sports aud rccraa.
ton. Sl1.ll2 to bicycling and S262O Ia
5 hunting and Fishing. IL Is explained that
hunting accidents arc not numerous un
I'll after November 1,