The Hartford republican. (Hartford, Ky.) 18??-1926, 1914-06-12
INSURANCE MEN
agree TO return
If Terms Are Accepted by
The State.
Agree to Suspend Operations Of
Glenn Bill and Adopt New
Measure.

! At 1 o'clock Wednesday after
noon the announcement WAS made that
a tentative agreement has been reach
ed between representatives of the Stat ,
and representa- YES Of the fire insur-
ance companies whereby the insur-
ance fight is ended and the foreign
insurance companies agree to at once
return to Kentucky, wlh lower rates
prevYling for some classes of prop
erty anil higher rates for certain
c-asses of unprotected property"
Although the conferees are very
close to a final agreement the task of
putting it in writing remained, and
wts btated that it wuld require sev-
erAl hours to do this, and afterward
il vii be necessary to send the writ
ten document to Frankfort to Governor
McCreary for his approval. However,
it seems to be certain that the dispute
IS at last settled and the long DRAWN
out uncertainty is over.
The terms of the agreement, which
are found below in this issue are sat-
isfactory to ohe business men Of the
Stag, to the State officers and to the
insurance companies.
The cOnfereeS adjourned at 2
O'Clock to meet s,eatn at with the
text of the written agreement still I'M
There seems, however,
to he only the slightest chance Of
any serious hitch arising.
Gov James b. McCreary sat in
the conference for a time and as
) sled Attorney General GARRETT aud
State Auditor Bosworth in the 4 Ask
Of settling the lohg-drawn-out fight.
The conference; which WAS in session
for some hours Tuesday was resumeh
at IL O'Clock Wednesday morning,and
Attorney General Garnetr, although
unwilling to discuss the terms of the
proposed settlement, stale to the
Evening Post that he was nearly Ger
taln thag the fight is over and that
4 satisfactory settlement will be an
soon.
The terms of agreement are as fol-
lows:
Frst-The insurance companies
agree to the principle of State regu-
lation of fire insurance companies
And to return to Hhe State. Of Ken
lucky at once. .,~.
Second-The Susie officers, agree. in
substance, to suspend the operations
Of the Glenn bill and to refrain from
putting certain heavy expenses en-
JAILED by that bill upon the insurance
A t'est OF the .constitu-
ionality of the hill will be made.
Third-A commission Of three will
De named to study the fire insurance
situation and recommend a new law
TO the next Legislature, which will
take the Place OF both the Glenn bill
and the ZOrn bill. One of these COM
will be named by the bus
mess organizations Of Kentucky, one
by the State Insurance Board and one
by the insurance companies. The
insurance comIAnies will pay the ex-
penses Of this comission,
FOurth-The insurance companies
agree to put into effect at once orders
ssueS a year ago by the State Rat
ing Board, providing for AIN average
reduction OF 10 per cent in the
charges for insurance upon residences
in the cities and towns. aud
Tor a Is per cent reduction upon
loose leaf tobacco.
Fifth-There will De a reGtdjust-
ment in che rates upon "unprotected
business property" This means bus
mess property in places where there
II no protection against fire loss.
These rates viii be increased from
Is TO rs per cent. but viii BE- reduced
again as RAPIDLY as rre' projection il
secured. 1t is believed that. Ghs
offers an dnducement 'to"protection
against fire that will SUBSTANTIALLY
riiuce the fire loss in Keiitucky.-