The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1911-08-18
MORE MICHIGAN COMPANIES
ARE PRAISED
ecss.lassa lrsm Pasr ossl


criticism in these respects.
This company, therefore, has re-
ceived the commendation OF the com
mittes. and 10 entitled to the conf
dence OF the insuring public"
Floor Leader Underwood, worried
by the unexpected developments In
senatorial .tariff making. was deter
mined 10 go slow and feel his way.
Underwood called up the wool bill
at once.
AS fun an attendance as Democrats
and Republicans could muster, was
on hand. The Democrats needed 20
Republican progressive votes 10 pass
the bill by the two-thirds majority
required to override the veto, and
Underwood was confident they would
get them.
In striking contrast to the reports
on the Saginaw companies IL that on
the Phoenix Preferred Accident In
surance Co.. Of Detroit, which was re-
leased late Thursday night. The com
pany IL given the worst raking over OF
any OF the companies reported on up
TO date.
Conditions disclosed are such that.
In the opinio->6f the committee, the
management of the company Is seri-
ously discredited," says the report.
The conclusions as TO the company's
methods are emphatically condemna-
tory. The examination warranted the
statement that, as to death claims, a
just settlement with a policy holder
was so far an exception as TO call for
comment. The frauds-or worse--per-
petrated by this company, vary In de-
gree from those involving what is IN
effect the theft or policy contract
on the one hand, and the unreasonable
requirement that beneficiary have IN
administrator appointed to receive so
small an amount as S. from the com.
pany.
"Beneficiaries living abroad seldom
get anything. The Accommodations on
policies are seldom or never paid. It's
fles show number OF cases where
by delay, ignoring letters or. postpon.
ing replies for unreasonable periods,
claimant has been worn out and
either received nothing or accepted
an unjust compromise"
One case cited Is that of William
Link, whose widow turned the policy
over TO an agent, looking to a settle
ment OF the claim. The agent sent
the policy to the home office, which,
a month later. reported that the pol
icy could not be found, and that II
could discover no evidence that de-
ceased had been insured In that COM
pany. In this connection, the report
says:
AS a result OF this fragrant larceny
OF the widows evidence. the company
forced a compromise with the In
sured's widow, though informed that
she was woman in destitute circum-
stances with two small children, one
of them only four months old.
The committee further charges that
Accumulation benefits apparently have
been ignored In many instances and
that the company seemingly follows
a constant policy OF silence and delay
In the adjustment Of claims"
The company does business In 10
states. The files, 1t Is declared, show
numerous Instances where claimants
have been worn out by the companys
methods and payment Of the claims
thus evaded.
The report states that the present
managers 6ftthe .company appeared
before the committee and showed that
most OF the practices criticised be-
longed to q previous administration.
The new management, IL was repre-
sented, was doing everything In Its
power to change the system and rec
tify past mistakes.