The sun. [volume] (New York [N.Y.]) 1833-1916, 1912-04-24

eaying: As far as | have been able to
determine the company has not had one
Casualty Company. through Hedley p.
Woodward. .vice-president, in charge OF
accident insurance. was: I'VE are unable
at present to say just whCt Off loss will be.
We thought We knew this morning. but
from reports received the amount has
been changed" Secretary Darling of the
Great Eastern. another large company.
said: NO loss as far a. we can ascertain.
The Connecticut General said that II
had been notified of one claim OF $4,000.
the only loss it was certain OF at present.
The Equitable Life Assurance Society's
report yesterday morning was
Assuming that the list OF passengers
as published in the papers is correct the
Equitable had a total Of about 500 600
al risk OF which only $40, 400 appears to
have been on the lives of those reported
lost. 1t is an interesting fact in this
connection that several Of the Titanic's
passengers had applied to the Equitable
for insurance aggregating s3oo,0m, but
the transactions were not completed
II is probable that in most cases action
was deferred until a more convenient
season"
The Manhattan Company. in reporting
that its loss was apparently about s. 900.
added that lsidor Straus had $1,000
endowment policy which matured and was
paid last year. The Phoenix Mutual's
word was: THE list of the people who
lost their lives is SO incomplete as to resi-
dence. &c. that we have so far been I'M
able to make any exact or approximate
figures" The State Mutual of Worcester
knew Of losses amounting to $4,000 and
felt that its total loss probably would not
exceed &3O, 600.
The Travellers Insurance Company
OF Hartford lost about 500 900 in the life
department in addition to its reported
risk of about 81 .OOO. .OOO in the accident de-
partnent. An official of the John Hancock
Insurance Company wrote:
"We have number Of policies which
appear on our records "a issued to in
dividuals OF similar names to some Of the
victims. but Of course we cannot tell
whether they are the same or not. Until
the relatives of whose who were lost and
who were insured with us communicate
with us. or until we can secure from the
steamship company il possible a better
Identification. it will he impracticable to
state what our liability is. 1t is, be believe.
small"
The Massachusetts Mutual said that it
had considered it best to await develop
ments. depending upon notification from
the claimants.
Isidor Straus. Charles NJ. Hays and
four others whose names were not re-
vealed were the only policyholders whom
the Mutual Life Insurance Company
knew for certainty to be lost The total
Of their policies was $20l $50. The in
formant FOR the Mutual added: with
600. 600 names on our books II il easy to
find duplicates for nearly all the pas
, sengers but without knowing who these
passengers were. their addresses or occu-
, pations, il ia not an easy matter to de-
icrmine their identity with our policy
holders. SO far IA we have examined our
own lists we know that a lGreat majority
of the names Of the list cannot possibly
be identical with our own people"
| The Maryland Casualty Company said
that il later reports show that two persons
with names like those OF policyhoders
were pOlicyholders the company's loss
will he 100000. Secretary Potter of the
Preferred Accident Insurance Company
( estimated the losses of his company al
$50. 900.
some OF the accident insurance mer
were discussing yesterday the possihilit,
that Il general raise in accident rates
might result from the heavy loss aboard
the Titanic II was pointed out that the
fir insurance companies had to boos.
their premiums after the San Francisco
earthquake and fire. A man who makes
! it his business to be informed about al
insurance customs remarked to a SU,
reporter; "Vou know the public always
has to pay for losses like this. and fig,ir,
that well hear of higher rates presently :
Hc added that there had az vet been nc
conferences on the subject, Another man
who seemed equally we'll informed was
sure rates would stay just where they
are. his explanation being "Thcre's too
he thought Of, Composition brought the
rates TO where they are now and would
! carry them back to the same point if
I some Oy the COMpanieS would agree IN