Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-06-26
INSURANCE men
HERE JOIN BOARD
ONCOMPENSATION
New Workmen's Act Leads to
Organization of Local
Association III
PENALTY UNDER LAW
WILL BE INSISTED ON
Agents Point Out That After
July I Employers Observe
Provisions or Be Fined

To organize the workmen's COM
pens alton insurance business in Ha-
wall, six of the leading agencies in
the territory with headquarters at
Honolulu have formed board of To-
cal association. With the act passed
by the last legislature going into eff
feet in four days, comparatively little
has been done by the island accident
boards appointed by the governor I'M
der the provisions of the act, but the
insurance companies have not been
idle. .....: 49, -.
The following agencies have joined
the board: :. :.~-...
Won Hamm-Young company, repre-.
senting the Hartford Accident & In:
demnity Company.
Hawaiian Trust company. represent
ing the Fidelity & Deposit company.
Home Insurance company, repre-
.senting the London & Lancashire
Guaranty G. Accident company.
Bishop Insurance Agency, represent
ing the Employers Liability Corpora
ton.
Davies G CO.. representing the Lon
don Guaranty & Accident company.
Watefhouse Trust company, repre-.
sentinS u. S. Fidelity. & Guaranty
comp sny.
That the insurance agencies will in
sist on the law being carried out which
penalties employers who fail to put
themselves under the act was the
statement of one of the agents this
morning. One of the sections of the
act provides a penalty of 81 per day
fer each employer who neglects to OBJ,
serve the law This is to be insisted
upon, say insurance men. because in.
that way only can equitable treatment
for all employers and employees be
reached -
The object of the new board IS to
secure authoritative action on insur-
ance under the compensation law
without having to be governed by the
California headquarters of the various
companies. With a local association
OF standing and strength, recommen-
dations from Hawaii, it is expected,
will be virtually binding upon the
California agencies. Non-board or
rabbit" companies will likewise be
discouraged. The agents here will get
together, inspect and consider hazards
and determine rates which are expect
ed to be final
The insurance agencies have made
all preparations for handling the COM
pensation business. They have made
arrangements with hospitals, signed
contracts with physicians and other
wise prepared to begin actual business
or July l.
w. F. Gaynor of the Hawaiian
Trust company is chairman pro tenn
of the new board and Zeno K Myers
of the Home Insurance, company sec.
rotary. pro tenn
Representing the Hartford Accident
& Indemnity company in Hawaii now
is Harry w. Lobb, of San Francisco,
a noted expert in compensation insur-
ance. He is a special executive with
the Pacific department of the COM
pany. Mr.. Lobb has come to Homo
lulu to be here when the new law
goes into effect, as expert adviser on
making rates, writing the insurance,
etc. He will be here for a month or
six weeks.
Il desire to have a personal knowl-
edge of the situation in Hawaii, to
make a. study of the new territorial
law and in fact to familiarize myself
especially with this field,'' he said to-
cay. The compensation act opens up
many questions. The firms which pre-
fer to carry their own insurance will
soon find that they must virtually
create an Insurance department to
look after it. That is why the insur-
anee companies are preparing now
to handle the large bushes that is
bound to come"