Omaha daily bee., 1912-04-28
TITANIC INSURANCE Loss
Total Nay Reach 70 One Hundred
Million Deilsrs.
NOT LIKELY TO CRIPPLE ANY
Leas tines Carried VIII BE Well
Distrfbuted Among Many Com
Psases, and Thus BIsw
10 Lesseued.

10 Lessened.
The sinking OF the liner Titanic with
sz=seneiy hsavy insurance losses, not
oais' to London Lloyds and the marine
celnpanies. carrying the line on the ship
aad eerso. but TO the American ana
E2gissa HE aud accident INSURANCE. conn
pahies. pefintte figures as ta the lnsur-
anee joss viii probably not be os.sinahas
for sose> unse. but il - estimated now
at figures varying from ss.eOoes to slse.-
Cse.oc
MiliisHuair~ Heavily Insured.
The propssty loss vill entail insurance
al from sinssasse to sfS.ooero and the
Esss@iRder will be payable en- lie and ac-
cAdeht policies held by men VINO went
down with the iltated ship. 1t Is unfer-
stood that the life and sccisent tnearsucs
carried by John Jacob Assox. Bsujsnln
Guggenheim and other million ssres, row
kaosn to be lost, sill alone ran into many
millions. Because of the nature of the
cstastrophe double indemnity Is payable
oa practically every accident policy car
led by these men. This loss viii no
doubt be well sdsstr1buisd aaa h 10 not
thought viii cr1ppie any insutgtiss.
a search of the accident rsoonds Of
the United States brsQoh Of the Lendsn
Guarantee aud Accident at caicase
showed that several policies were carried
by that company on man reported as
missing, The eou,pany's gross loss sp-
pears TO be about kseeea. This 10 con-
siderably reduced by .relnsurancs.
Heaviest OF I.a~sds' Lsssss.
On the ship itself thers - ssad TO have
been 100000 OF marine insurance. gl,eoo-
ooe Ia London Lloyds. II Is us6erstood
that Johnson & Higsos of New York
placed the line. When news of ths dis.
sstsr reached Londan the morning Of the
collision underwriters at Lloyts boasht
reansursnos for parts Of their Hsstlity at
very high rates.
This Is rhe heaviest loss ever sustained
by Lloyds and crowns season Of ex-
tIemely heavy lossss. Tue owners OF
the ship maintained an Insurance fund.
on which the balance as the first Of the
year Is said to have ben $4,000.
Gompensatiea and FIoaters.
II is moi thought that many Of the
crew Of so ~ere saved and the steam
ship company 10 liable to families of
sailors for from 100000 to sSoOa. 900 under
the English workmen's compensation act.
Companies writing worldwide tour
lists fioaters and certain groups of Lon
don Llosds that carry this kind Of risk
Will receive some very heavy lnsses rs
nearly all tourists secure coverage or
this kind and on such liner as the
Tfanic the values OF wardrobes. securi-
ties and jswelry would run high.
louis Hipach OF Chicago. whose wife
and daughter were on the Titanic but
whose names appear among the survivors.
Is well known TO Chicago casualty 10.
suranee men. He is a member of the
firm Of Tyler Hipnseh. which makes
Teplaeemsnts Of plate glass for ths Met
rupoiitan Casualty. Globe Indemnity,
New Jersey Plate Giass. Lloyds Plate
Glsx, Casualty Company of America
and other companies. Two sons Of Mr..
Hippach were among tho victims OF the
Irequois theater fire. Il
Travellers Advertise - 100000.
The Travellers OF Hartford 10 carrying
advertisements In daily papers thrcngh.
OUT ths country t9 the effect that the
conpanys loss 10 estimated now at
81 ietc,0aa. The company presents Its state
men, along with is figure, showing thai
the lose will no materially reduce lie
surplus. This CORES on accident ssd hfs
policies and Travellers accident tickets
sold by steamship agents
Indiviansi LOSSES Not Heavy.
NEW Yonk. April i7.-tspceiai)--IAfs
insurance tnpanies believe that the
losses will 81 be extremely large 90
account Of the loss of the Titanic.
Henry BIa *. the wholesale jeweier of
jersey cit,'. was probably the mos,
heavily irssree. his policies totaling $685.
oa. z. d. aittenhouse Of the Equitable
estimates taas eempany's loss at about
s21e.oss The Mutual Life and the New
York ,lfe have no figures The mutpa,
Benefit Hfss losses probably will be
sS0,Goe, The total loss appears to be -
distrlsuted that 1t viii not be serious to
any dompany.
TIA, n1arins insurance on the Titanic,
pian.N by johnson 4 Higgins. totaled
s5.a-,Aa and practically exhausted the
World's market About sl.epyoC was In
Lie,fds.
Secretary wyckoff vanderhoef Of the
Jsilliamsburgh City Fire was on board
the Titanic. His name is not yet among
the list to be saved. He has q wtfs and
two sons at home in Brooklyn. He vas
elected secretary in September. 1910.