The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-05-08
News Of the Insurance World

quarters at Salt Lake City II is said
that the company. should 1t be organized,
would have close rela aLions with one OF the
large existing fire companies which would
tax, take a large proportion II not control OF
percentage OF the risks OF the proposed
new company the larger organization
would use the latter to enlarge It's own
reinsurance facilities. Salt Lake City now
has four Insurance companies, all OF
which are prospering-the Continental and
the Beneficial Life, the Guardian Casualty
and the Home Fire. The last named COM
pany has always maintained close al
lance with two or more OF the giants.
reinsuring freely under treaty arrange
ments and having the support at all times
OF Its strong allies. 1t Is understood the
new company. If organized, would follow
similar lines, and would not try to eX-
tend over large field of operations at
first, although the original invested cap
ital would probably be not less than $780,
900. and possibly double that sum. No
definite conclusion has been reached, al
though II is understood considerable en-
couragement has been received so far as
capital Is concerned.
Report oil Modern Woodmen.
The examination OF the Modern Wood
men of America, conducted by the inSur-
ance departments of Illinois and Virginia.
was made public last week. The report
Is full and detailed, COMPOSING large
pamphlet OF thirty-seven pages. II COW
ers all the affairs of the order since jan
uary l. 1907, and contains comparative
statements for 1907, 1908, 1909 1910. The
examiners say
'The society is the leading fraternal
society OF the country. and has had re-
markable growth; 1t has bona hdes
government. and its affairs on the whole
are well and economically managed"
The actuaries IN an appended report
discuss the mortality experience and urge
"a Ia
Amy adjustment of rates must be made
on the basis of the present attained ages
OF the members. To attempt 10 adjust on
the original ages at entry would involve
the providing OF a reserve. the amount
of which would be so large as 10 make
this impracticable. BY adopting rates
based on the attained ages the society
will be given a fresh start. with no bur
den of unprovided reserve hanging over
The society has nearly two billions OF
life insurance in force.
Case Will Be Appealed,
The Minneapolis fire insurance agent
who recently lost out in suit wherein
the complainant alleged that he had made
arrangements for fire insurance over the
telephone few days before his store
taken up by the National Association
Of Fire Underwriters. The verdict rem
dered by the jury in this case is regard
ed as of vital Importance to all fire
testimony of man who has suffered fire
loss. 10 the effect that he ordered in
surance over the telephone, is sufficient
to compel the payment of that lnsur'
ance against the evidence of the agent
and his clerks, the loss ratio, 1T is con-
tended. will be greatly Increased.
Suits Are Piling UP.
The first suit for injury in the Triangle
Waist factory fire in New York is that
brought In behalf OF a nineteen-year-old
girl who was injured through breaking
pane OF glass 70 reach fire escape
and the owners OF the factory and Is
based on the locked door TO the malr
stairway and the narrow fire escape.
The first suit for loss Of life in thai
fire has been brought in the supreme
court for $50. 900 damages by the father
OF one of the girls who died in the flames
The action Is based on the inability Of
the workers TO escape by the means al
their command.
II is reported that suits are piling vi
against ,he manufactYrers and me own
ers OF the building and the damages
asked will aggregate s5,Q00.00o
British Compensation Act.
On numerous occasions the kick of E
horse has resulted In compensation hav'
ing TO be paid under the British work
mems compensation act. but one doe!
not naturally associate a childs kicl
with that redoubtable statute. However
dl w cSlnlnSlcr court on MdItn ~ mlSs
Matte Summons. a nurse. applied fol
compensation under the act from Joseph
Welllsch. manager OF the Golden Cross
hotel, Charing Cross. The applicant was
engaged to teach the respondents son
aged 4. English at SIS year. with hci
board and washing. on August 6 last
the child. while standing on IL chair
kicked her and caused a swelling which
resulted in the formation OF an abscess
incapacitatlng her for work. II was con-
tended for the respondent that the girl
had a boil, and alleged being kicked afte,
she was given notice 10 leave the re-
spondents service. Judge Woodfall made
an award in applicants favor of 10 shil-
lings a week. with costs on Scale B."
Information CONFIDENTIAL.
1t is proposed in New York to pass q
law making IL a msdemeanor :or in
surance companies TO furnish each other
formation contained in applications FOR
insurance on life and property. The pro-
posed law VIII render such information
confidential and IT will forbid the waiv-
Ing OF the law by agreement OF the per-
son who makes the application, except
where IL may he produced in proper
suit at law growing out OF the contract
II adopted the law will destroy life. cas-
ualty and fire insurance exchange bu-
reaus. and will OF necessity add cousid
cradle more moral hazard 10 the business.
Insurance Notes.
granted a license TO write business in
Wyoming.
The annual meeting OF the national
convention Of Insurance commissioners
Will be held in Milwaukee. WIS. August
92 to %
The Salamaner Fire Insurance com
pany OF St. Petersburg, Russia, has been
admitted To Utah as q reinsurance com
pany.
ole indall. special agent of the Act
| ma Fire Insurance company, was n Salt
| Lake visitor last week.
The conference of the western inslIr-
ance commissioners VIII be held at Spo-
kane. Wash. on Monday MAY Ia instead
| of at Portland. Ore. as previously an
| nounced Commissioner Done Of Utah
will be i'm attendance.
George Swan. special agent for the
! PaIatine & Commercial Union Fire In
| sulance company. with Headquarters AT
Spokane, Wash. spent last week in Sal,
| Lake City
! G. w Murray general superintendent
| Of agencies FOR the Home Life of New
| York was in salt Lake last week the