The Detroit times., 1911-04-08
MUCH CASUALTY
INSURANCE HERE
Business Has Grown With Expan-
sion Of Manufactories-Local Con-
Germs Well Managed.

Detroit Is an important center OF
the casualty insurance business OF the
country, some OF the largest organi'
zations IN that line of business having
their main offices In this city. To Q
large extent the whole business OF
casualty insurance has grown 40
within very recent period and Gs
would be expected, Detroit companies
have had large share In the ad'
vancement Of the business 10 It's
present Importance.
Casualty insurance OF various sorts
accident, sickness. and the many
lines that come under this head-hns
become an important factor in bust
ness, partly on account or the educa'
ton Of the public to tho extent OF the
losses brought about by sickness and
injuries, but more especially by the
very general agitation for strtcter
laws governing the payment OF the
liability OF employers for the safety
OF their workmen,
These. laws have brought out tne
need OF distributing the toll that In
dustrial accidents lay upon the en-
ployers among all WHO take the risks
so that IL may finally be put upon So
ciety at large, which receives thc
benefit OF the product Of the skill Of
the worker and the capital OF the
manufacturer Accident insurance Is
rapidly becoming a part OF the cost
OF every manufactured article that
the public buys, and In this way the
burden of the injuries and loss OF life
which has hitherto been borne en-
tirely by the manufacturer 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 TO com
mercial and industrial progress is ac-
complished is the casualty insurance
company In the development OF 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 Jne
city.
AS might be expected In the de
velopment OF a business OF this Ma
ture there were a good many costly
mistakes In connection with the writ
ing of accident insurance. For a 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
were managed upon conservative busi
ness lines from the start and have
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 TO
pay their claims promptly and there
has been no touch OF scandal TO b
found In the records of the casualty
insurance companies of the city. II
the insurance world, Detroit has stood
for stability and conservatism.
A notable indication of the impor'
ance OF Detroit companies In this
field In the recent decision Of the ma,
tonal 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 70 accept an important position In
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 business IN accident
insurance, there IL q number of small
organizations conducting a business
In accident insurance. Most OF there
are run by fraternal OF other social
organizations, come OF them wi
general connections, some purely
local.
In addition TO insurance against
sickness and accident casualty insur
ance includes many other forms OF in
surance most OF which are handled
by Detroit companies. One of the
most important OF these is plate glass
insurance. Another which has az
sumed considerable Importance with
in the past few years with the grow
ing number OF automobiles In use
throughout the country has been auto
mobile insurance.
II Is now possible 10 insure under
safe and carefully calculated rates
practically any contingency that af
fects business or commercial or per.
SOnhl dCtlNllltSt 80 tllhl the CudIb
has to be added 20 the cost OF doing
your business can be distributed over
all the business that you do instead
OF being falling like the disaster H.
self all in lump sum that may Grip
pie your resources at a stroke
Practically all the forms OF casual.
ty insurance offered anywhere In the
United States can be written by De-
troit companies that have proven
themselves capable OF scientifically
carrying the risks OF business foT
the insured as we'll as the risks OF
personal injury or sickness.
The Importance OF Detroit as a cen
tier OF casualty insurance Is bound "a
grow within the next ten years, first
cause OF the establishment OF large
| interests in that line OF insurance that
have already been made in Detroit
and secondly because OF the enlarge
ment OF the field offered by the great
] industrial growth of Detroit.