The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1911-04-08
MUCH CASUALTY
INSURANCE HERE
Business Has Grown With Expan-
sion OF Manufactories-Local Con-
Germs Well Managed

Germs well manager.
Detroit is an important center OF
the casualty insurance business OF The
country. some or the largest orsani-
Zations in that ine OF business having
their main Offices in this city. To q
large extent the whole business OF
casualty insurance has grown up
within a very recent period and as
would be expected, Detroit companies
have had large share in the al
yancement OF the business to It's
present Importance.
Casualty insurance OF various sorts
accident, sickness, and the many
lines that come under this head-haS
become an important factor IN bust
ness, partly on account OF the educ
ton OF the public to the extent OF the
losses brought about by sickness aud
injuries. bur more especially by The
very general agitation for stricter
laws governing the payment OF ire
liza bility OF employers for the safety
OF their workmen
These laws have brought out TIE
need OF distributing the toll that IA
dustrial accidents lay upon the EN-
ployers among all who take the risAs
so that IL may finally be put upon SO
ciety at large, which receives tLe
benefit OF the product OF the skill Of
the worker and the capital OF the
manufacturer Accident insurance -
rapidly becoming part OF the cost
OF every manufactured article inst
the public buys, and in this way the
burden of the injuries and loss OF life
which has hitherto been borne sI-
tirely by the manufactures and the
workmen is being shifted 10 the place
where it logically belongs-upon the
public
The agency through which this dis
tribution OF the risks incident 10 COM
mercial and industrial progress is &C
complished is the casualty insurance
company In the development oil the
business throughout the country the
companies which have their head
quarters in Detroit have done large
share and they have profited accord
ingly until they are now considerable
factors in the financial system OF the
city
AS might be expected in the de.
velopment OF a business OF this IA
ture there were a good many costly
mistakes in connection with the writ.
ing of accident insurance. For time
there was not the close state super
vision that is exercised over other
forms of insurance, and as result
there were many failures and de-
faults Detroit companies. however,
we're managed upon conservative bust
ness lines from the start and hay e
kept up with the rapid progress that
has been made in the proper develop
ment OF the business AS result, De
troit companies have been able 10
pay their claims promptly and ther=
has been no touch OF scandal 10 b
found In the records OF the casualty
insurance companies OF the city. In
the insurance world. Detroit has STOOD
for stability and conservatism.
A notable indication OF the impor'
ance of Detroit companies in this
field is the recent decision OF the ma
tiohal organization OF casualty insur-
ance companies to establish their
bureau of publicity and legislation IN
this city Shortly after the organiza
ton OF this bureau, however. Tn
chief, a former commissioner OF the
state insurance department, was call
ed 10 accept an important position III
one OF the largest life insurance com
panies in the country and the work
has been let drop for the present.
In addition to the many large com
panies doing a business in accident
insurance, there is a number OF small
organizations conducting business
! in accident insurance. Most OF these
are run by fraternal or other socia
| organizations. some OF them Wi B
general connections. some purely
local
] In addition To insurance agaIn5
J sickness and accident casualty insur
ance includes many other forms OF IN
surance most OF which are handled
/ by Detroit companies One OF ID,
most important OF these is plate glass
! insurance Another which has aG
sumed considerable Importance with
1 in the past few years with the grow
/ ing number OF automobiles in use
! throughout the country has been auto
/ mobile insurance.
! 1t is now possible TO insure undeI
safe and carefully calculated rate.
practically any contingency that at
| fects business or commercial or per
/ SOudl d. llN lNltSt ~ AldN AAt NhAi =
/ has 10 be added 10 the cost OF doinl
your business can be distributed oyci
all the business that you do Instead
OF being falling like the disaster ii
self all in a lump sum that may Grip
\ pie your resources at stroke.
Practically all the forms OF casual
+ ty Insurance offered anywhere in TN,
4 United States can be written by De
troit companies THAT have proven
\ themselves capable OF scientifically
/ carrying the risks OF business ;oI
the insured AS we'll as the risks "
personal injury or sickness.
The importance OF. Detroit as a cen
ter of casualty insurance is bound Il
grow within the next ten years, nfst
Gauge OF the establishment of large
interests In that line OF insurance thai
have already been made In Detroit
and secondly because OF the enlarge
meRt OF the field offered by the great
Industrial growth Of Detroit.