The central record. (Lancaster, Ky.) 18??-current, 1914-06-18

MIDDLE SETTLED
and OLD Line
COMPANIES EXPECTED
To At Once Resume Operations In The
State.

The conference held in Louisville last
week between representatives of the
insurance companies, the state, officials
and the business organizations of the
state, resulted in settlement of the
insurance muddle which forced 104 old
line companies out of the state and to
great degree disorganize1 business
throughout the state and caused no
little uneasiness on all sides to the in
surfing public The settlement involves
the shelving of the notorious Greene
Glenn measure and steps will be taken
to have the measure repealed at the
next session of the Legislature.
Before Circuit Judge Robert H.
Stout at Paris, Guy H. Briggs of
Frankfort, Robert Gordon of Louis
VILE and Mr.. Ryon of Louisville acting
in behalf of {. M. Bullitt of Louisville
and other citizens of the common
wealth, asked an injunction against
Matt H. Clay. State Insurance Com
missioner, James B. McCreary, Cover
nor, Henry M. Bosworth, Auditor and
Rnby LaffOon, attorney for the State
Insurance Commission, restraining them
from putting into effect any of the
provisions of the Greene-Gienn measure.
The defendants were represented by
the Attorneys Generals office. but were
not present in court, as it was an agreed
case.
Judge Stout granted the injunction
sought, declared the measure uncOn-
stitutional because of the failure to
comply with certain preliminaries nee
essary to the passage of the bill by
the legislature.
The case will be taken to the court
OF appeals for immediate decision by
that body.
Those named in the petition as COM
claimants are; A. Nj. Larkin, of Coving-
ton; Charles j. Davis, of Newport, S.
2. Browning. Of Maysville; C. Nj. Bull
lit and Paul j. Morris, of Henderson,
and William Hepburn and Alfred
Brandeis of Louisville.
They allege that the law is unconsti-
tutional' the context not conforming to
the title, and that it imposes tax
which is not uniform. This suit is part
of the agreement made between the
State officers and representatives OF
the insurance companies in Louisville
in pursuance of which the companies
will resume writing fire insurance in
Kentucky. They are to effect 10 pei
cent reduction on city dwellings and %
per cent on loose leaf tobacco and fur.
nish the board copies of rates IN which
changes are made on account of defects
- that the board may take it up with
the insurance companies and have the
defects remedied. In the meantime {
commission is to investigate the insur
ance situation.
An agreement was reached between
the State officials and the insuranc,
companies whereby the latter occup,
the same position as before the passag,
of the Greene-Glenn measure, and it il
believed that all the companies will a
once resume operations in the stat
upon the same basis as heretofore.
Among the terms of the agreemen
entered into between State officers ant
representatives OF the insurance com
panies, it is learned, are that the L
per cent reduction on city dwelling rat
es and reduction ordered by the Rat
ing Board on farm property, go int
effect at once. The reduction of 25 pc
cent on loose leaf tobacco is to go int
effect August l, which will be in tim
to product the crop.
The commission of three is to be ap
pointed by the Governor, the insuranc
companies, Rating Board and bushes
men of the State each to name one, an
the companies are to be assessed to pa
the expenses of the commission. In
creases viii, be allowed on bushes
property in unprotected towns, but n
, substitute which will increase rate
shall be made without the approval o
the board.
| 1t is understood that one of tn
points in contention was the require
ment that the Rating Bureau file wit
the State Rating Board copies of al
rates. Differences seem to have bee
recOnciled on this point by providin,
that where changes are made IN tn
rate on account of defects in the risk
which can be remedied, copies of tn
makeup of the rate are to be filed witt
theeboard, so it can communicate wit
the owner with a view to having tn
defect eliminated.
The relief afforded by the conference
while apparently temporary. was tn
, quickest possible solution of the intri
cate situation, and it is firmly believes
will lead to an amicable and satisfac
tory solution of the entire problem. Il
the meantime the old order of thing
will doubtless prevail as to insuranc
throughout the state, until the mex
session of the LEGISLATURE when final an