The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1915-02-16
.F|REINsURAACElN
!. HAWAII is l0WER.
IHAN0ANAMlAND.
Cost Is Twenty-Five Per Cent
Below That On Mainland,
Say Visitors
49,. q
NEEDED LEGISLATION
DISCUSSED BY CLUB
4 4f4F 49, sHaa
Necessity OF Better Laws Pointed
Out During Interesting Ses-
sion OF Insurance Club

Honolulu Is paying twenty five per
cent less Gre insurance rates than San
Francisco or other mainland cities, con-
aaeration risk considered. This state
ment was made by Carl A. Henry, joint
manager Of big insurance business
Of San Francisco, who was guest o.
the Insurance Club Of HawaiA at lunch.
con in the Young Hotel yesterday.
w. p. Hopkins, assistant manager Of
another large agency in San Francisco,
was also one Of the guests Of honor
With their families, both gentlepion
have come to Oahu on a strictly pleas.
nre trip. They are guests at the
Moana. sSss 1,F4E t5.bg Il
President Bennett Presides
President Edwin Bennett Of the In.
surance Club of Hawaii presided at
tine luncheon, which was attended BY
the board Of governors Of that Norgan,
ization
The visit Of Mcssfs. Henry and Hop.
kins and their families to Honolulu at
this time was brought about entirely
through the efforts Of the Insurance
Club, which recently sent many invl
tations 10 insurance men throughout the
United States to visit Hawaii during
the present Zig exposition year.
| As further evidence Of the success
Rof this campaign, a lett& was received
from Horace Hawley Dali Of leading
New York insurance company accept
ing the Invitation of the local insur
anee club and giving assurance that
with a large party Of friends he will
make II q point to CONG to Hawaii on
the occasion Of his visit to the Panama.
Pacific Exposition this year.. - 70 IA (.
Local Agents Boosters n,
The local Insurance men havesmade
| it a point to entertain Messrs. Henry
and Hopkins since their arrival here,
and there have been few points of in.
| terest or details in regard 10 the local
inausan nee -bnsiness. that. they have, mot
been in touch with since their arrival.
1t was result Of their Investigation
of Insurance conditions and rates that
brought out Mr.. Henry e statement that
insurance charges here range twenty
FIVE per cent lower than onb the main
land. Mr.. Henry also went at length
into the question Of insurance regula-
ton in Hawaii, pointing out how mecca
/ sary II is for the different States and
Territories to have intelligent insur-
anee laws that will result in .protecI
ton TO the assured as well rs the com
| panies! @ 6fg s ;t5a
Encourage Good Lsgislation
/ u is the aim of insurance com
III a "a
secure intelligent insuranea laws, said
Mr.. Henry, 'tand / am glad to know
a move Is under way here to improve
| your insurance laws, The insurance
men here, ! feel, win cooperate with
the lawmakers in seeing that needed
4 Legislation is adopted. y
( One of the aims Of many Of the in.
suranee men, IL is understood will be
the enactment of a law compelling the
adoption of the STANDARD New York
form of FIRE insurance. policy, now in
i general use in most of the States. II
Is claimed that had such standard
! policy been in use at the time OF the
| San Francisco disaster the difficulties
4 in effecting an adjustment Of the losses
attending that disaster would not have
i been experienced. Though such a dis.
aster is not looked for here, it is
claimed that Il is not Improbable, and
Honolulu can we'll take precautions.i
Insurance Commissioner
The creation Of, the office OF an in,
strance commissioner, with the commits
sioner given ample power OF enforcing
the law, will also be urged, as-will o
measure prohibiting companies who do
not have registered assets in this eoun,
TRY from doing business here
! These different questions were dis
cussed d some length yesterday, and
though . legislative committee was moi
appointed, il is believed the members
of the board of governors will make m
effort to get in touch with members OF
both branches Of the legislature with
view Of thoroughly discussing these
conditions. y. ). 5,1- s.,s n. .