Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-07
MORE INSURANCE BILLS
INTRODUCED IN. SENATE
Weaver and Miller Present Measures
Which They believe Will Meet
Situation.
NOT SO DRASTIC IN TERMS
seawell Bill, Pending in House,
Would Empower Commissioner to
Lower Rates-Its Passage Might
Drive Companies From State.
Especial to The Times-Dispatoh.I

Especial to The Times Dispatch.I
RALEIGH, n. c.. February G.-An-
other chapter was added TO tho pending
insurance Legislation to-day by the In
PRODUCTION or bills In tho Senate by
Senators Weaver and Miller. which are
designed to authorize the State Com
missioner of Insurance to hear COM
plants Of excessive fire insurance rates
and declare what should be the just and
reasonable rate. making 1T OF public
record, but not going as far as the
PENDING Seawell blu In the House.
which empowers the commissioner &C
tually to lower the rates. The Senate
niils are In line with the recommended
tion or Commissioner Young and meet
The contentious of Insurance companies
which Insist that il the actual rate
making power Is taken BY the State
they VIII withdraw from North Caro-
lima
The Weaver bill amends n number OF
other sections of the general insurance
laws. The two bills were referred TO
mo Senate Committee on Insurance. and
VIII be heard on Wednesday when a
representative of the general fire un-
uerwriters' board will be here 70 dis
cuss the whole situation az to insurance
Legislation.
me view Is very strong that the Sem
ate bills just introduced really repro.
probably Will go at this session lin in
surance rate legislation, as contrasted
with the Seawell bill. which Is the rec
concentration OF the investigating com.
mission from the 1919 session.
An indirect Statewide stock Law bill
same into the Senate to-day, introduced
b! Senator Cohoon, @. PasQuotank
providing that live stock he prohibited
rom running at large except In such
territory AS the people therein shall
specifically vote 10 permit Il.
The House defeated the Nash bill
from the Senate for the location Of
arb!trai courts
with the session Of the Legislature
Just half over. just 126 acts have been
enrolled and duly ratified az laws, and
the bill numbers In the House have
reached 74s and in the Senate SOC.
An AGREEMENT IS REACHED
WITH ATLANTIC COAST LINE:
The Atlantic Coast Line Railroad au :.
thorities having given assurance that
lherc VIII be no further removals Of
SUITS against the corporation in thi,
state TO the Federal courts on the plea
.nat the corporation is n non-res ident
virginia corporation, the Allen bill in
me House. for the repeal OF the act OF
the Legislature In 1899 authorizing the
consolidation OF the old Wilmington
and Weldon Railroad Company with
other lines in the formation OF the AZ.
lantic Coast Line. will be vithdraw o
or tabled by consent
The agreement was reached in n con-
ference In the executive Office OF Gov
ernor Craig this afternoon with tho
Governor. Assistant General Counsel
George Elliott. of the Atlantic Coast
Line: Judge George Rour;ree. Judge
Frank Daniels. Judge w. Y. Allen and
Chairman Travis. OF the Corporation
Commission. present.
President Kenly has assured the Gov.
Nrnor and State authorities tina. the
.oast Line would abide by the view
taken in the conference to-day. Tbe
agreement was that in 1889 there war
40 definite understanding that the At
!antic Coast Line would refrain from