Daily press. [volume] (Newport News, Va.) 1896-current, 1910-06-10
ONE WITNESS KEPT
ON STAND ALL DAY

OU OIttttG ttR6 VII
CONTINUED From Second Pager
of the association because the rates
were too low. He said his company
had recently refused TO write two risks
in Newport News because he consider
ed the rates too low. II irequentl,
happens, he said. that the companies
refuse 10 write at the rate of the as
ISOLATION because they were too low.
He did not know of any instance
where any company had refused TO
write a risk because the rates pre-
scribed by the association are toe
high.
Rates Not Equitable.
Mr.. Leckey said that this system OF
rates is not the most equitable that
could be obtained. He s1s asked II II
was not fact that the rates are moi
fair and that If they are not just as liza
bic to be too high as too low. The wit
ness said that this was not a fact.
Captain Berkeley Illustrated his point
by saying that the witness had testi-
fed that the rate on q negro dwelling
occupied by twenty families was the
same as the rate for a dwelling con
tanning responsible white families.
This rating. Captain Berkeley said,
was the same and yet the risk In one
case was greater than In the other.
The witness said that the local agents
must look odt for the moral risks at
tached to the property written. He
then went into lengthy technical
explanation of the various kinds OF
risks and the fixing of the scedule &C
cordingiy. The witness denied that
the companies could fix their own
rates as good as the association fixes
them. Mr. Leckey said that all of the
rates are made by the association and
the risks scheduled by It, The rates
are furnished the agents. the insured
and the companies and are public
property.
Companies May Raise Rates.
Replying to questions of Captain
Berkeley, Mr.. Leckey said that the
companies could not charge any rate
lower than that prescribed by the as
ISOLATION, but that they may raise the
.ates If they think best and the In
sured agrees TO pay the rate. The
witness said that the only competition
between the companies is in the mat
ter OF writing at rates higher than
those prescribed by the association.
Few companies he said could get
higher rates than those laid down
by the association.
Companies In the Trust.
Captain Berkeley handed the wit
ness a list of the companies doing
business in Newport News and asked
him 10 check all OF the companies in
that list which are members of the as
ISOLATION. He checked the following;
German Alliance Insurance Company.
Hanover Fire Insurance Company.
Home Insurance Company, Homestead
Fire Assurance Company, Glen Fall
Insurance Company, Georgia Home In
surance Company, Norwich Union.
Rochester German, North British and
Mercantile. Commercial Union. Girard
Fire and Marine. Sun Insurance.
Office, Insurance Company of North
America, Pennsylvania Fire, German
American, Atlas Assurance Company.
Hartford Fire Insurance Company.
Queen Insurance Company. Spring
field Fire and Marine, Fidelity, Phoe
nix. Home Fire Insurance Corpora
lion. The Northern Assurance, Nation
al Fire insurance, Proyident 4 Wash
ington. Shawnee Fire Ins. Co., Vir-
GINA Fire and Marine. Scotland
Union and National, Royal Insurance,
F'ireman's Fund, Michigan CONNER
cial Liverpool & London & Globe,
Palestine Ins. Co., Hartford Fire lns.
Co., Orient Ins. Co., The Phoenix ms.
Co., Interstate Fire Ins. Co, Virgin
ia State Ins. Co.. Citizens Ins. Co, of
Mo-. New Hampshire Fire Ins. Co.,
Western Assurance and the Fire Asso-
citation OF Philadelphia.
The companies doing business here
and which are not members Of the
association are: German of Baltimore
Capital. The North River, Philadel-
lhia Underwriters. Williamsburg City,
Petersburg Saving and lns. Co.. The
Continental, st Paul Fire and Marine.
Fidelity Underwriters, American Cen
trail, Westchester Fire, Spring Gar
den ms. National Union, Germania
Fire. Agricultural ms. Co., Milwaukee
Mechanics.
The following companies, which op-
Grated here last year ana which have
not paid the license this year are
members Of the association: London
and Lanoheshire, Hamburg Bremen,
Equitable, New Brunswick. Phenexl
Niagara. Seaboard Fire, Aetna Dixie
ard Caledonian.
Fifteen "No-board'' Companies.
Cross-examined by Mr.. Bachelor.
Mr.. Leckey said that the Southeastern
Underwriters Association, OF tariff as
socia;ion as it was first known, began
operations in Virginia in 1893. Mr..
Leckey said there were fifteen com
panies doing business here
which are not members of the assoc
.ation. Mr.. Bachelor asked the
witness il in his judgment the non
board companies were strong enough