The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1916-06-06
FIRE LOSS DECREASE
S52,OOO,OOO IN YEAR
Bun Room Tor Improvement. Says
STATE Insurance Chief Phillips.

ALBANY. y Y. June 5--fire losses
In the United states and Canada iof the
syear OF 1915 amounted tp flsd.NouoVv.
as against s235.Oo.O00 for the previous
year. according 70 statistics complied ~
state Insurance pcrlntcndcnt Jesse :.
been completed. The average IRE loss
for the past nyc years was S@3u.>sg.O0O.
Supt. Phillips attributes this falling
or in the total loss from IRE To- the
widespread organization OF preventive
organizations and the universal cam
paign Of care In the handing and use
Even tn large reduction Ia losses
stated" SAYS Supt. Phillips. leaves a
tremendous balance OF ~ waste. a large
percentage OF which is due To careless
ness and crim4uaAty. lts continuance Is
an economic crime. for with proper laws
rsidly enforced without fear or favor
substantial proporfiO Ion OF 10 can prob
Any be eliminated.
.,Anothcr and sim more serious mat
~ - the toll 81 human lives cNactcd
year after year through what might be-
termed prcNentable fires. The Diamond
candy factory nre In Willi1In~burg in
November last with its attendant loss OF
life Is an instance ana points With no
uncertain hand to the fact that n the
FIRE protection laws as well a. fire pre-
Ncntion laws need revision IL should 10
promptly undertaken.
Laws Are Adequate.
II the laws as they now stand are
adequate 20 bring about better Condi-
tons n strictly administered then u -
high time TO see that they are 80 sd-
ministered.
The nre. fire marine and marine in
Franco companies In New York state
last year. an Increase or !l36.G59.SIS
over the preceding year. Tho cNce-. or
IRE premiums received in the state OF
tew York over hre losses incurred and
estimated expenses was tS.G63.OOO. being
an increase Of $4,000 900.
summary Of the operations and
marine aud marine assurances companies
OF this state shows that they held on
NNaHHH HNaaHH a #HH
fsS3.0l3.S32. an Increase OF S43ls7.563
over the previous year. The liabilities.
excluding capital are stated to have
hecn Si92.063.oss. am increase 81 SI4.-
5s63 over IN" previous year.
Ih' total income was ff53,@n;l33.
an Increase 81 S2s.2-5.91l pf the in
come s39S.1so.5tt was Tor premiums.
ntlns an lncrc1Sr lea premiums OF S22.-
3o2.eN- The tdNal dishur-rment- we're
S1.ia5Ns6 The loss payments tu policy
holders show decrease % SG.lIS.313.
Z amount "f unpaid Ios~ claims being
eighty less than those "f the previous
year.
Billions in Insurance.
THE total insurance IN force OF all
So $3.50. %. an increase of about
s3.Alo. 900" 600 Tho underwriting result
based on earned premiums shows a gam
from underW rtting Uf S2s $50. SOP.
tn" gain from iuN' tm'ut- was S3t-
eY-.oN- th" loss tu surplus. due 20 div.-
Gehds, balauc" ~ remittance Goo and
from the home offices OF foreign Orr. iu-
surancc cumpsnlr- ana change Iu lu.-
cial reserve Items. amounted to Sss.aS4.-
800. the total result h'iuG not EiIu iu
Surplus from 1il sources OF S1r.>r>.usI.
Ihc gross assets Of thc United states
'panIes held hy trustees ,r ou deposit
with Insurance departments boz the
nited states show 1n iucret~s over
assets or United States capital ~ the
sboye companic- an increase or $4,000