The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1917-08-11
Saturday, August II, 1917.
STATE INSURANCE. BUSINESS

81 z iNSOhANNE BUSINESS
Hon. Joseph G. Brown, Vermcnt's
first insurance commissioner under
the new law, has issued his FIST re.
port and this gives an interesting
summary of the insurance business
of the state. Few people realize
what an immense amount of money is
paid for insurance in even so small
a state as Vermont.
This report contains statistical
statements regarding insurance writ
ten and insurance companies author.
lied TO do business in the state in
1916. There are also included rec
ords of fires in Vermont as shown in
the reports made by insurance COM
panies to the department. These re-
ports indicate that in 1916 there were
45S fires in the state that resulted
in a total loss and there were no
that resulted in partial loss. The
most frequent cause of fire was light
ming, 514 fires having been caused
thereby. OF the 1928 fires reported
the cause of 1863 was unknown.
There were written in the state
during the year 1916 fire insurance
TO the amount of over one hpDlred
and sixteen and one.half million, dol.
lars for which There was 9reeeived
in premiums by the companies ST.
GSG,3O319 The companies paid loss
os of over half a million dollars. in
exact figures. $6S7, 1888,
The figures relating to fire insur-
ance show that there were policies is
sued during the year in Vermont for
an amount which totaled slightly
over eleven million dollars. The
premiums paid in Vermont to life in
suranoe companies during the year
1916 were approximately three mil
lion dollars and the claims paid in
Vermont by life insurance companies
we're app oximately a million and
cnehal!.
Fidelity and casually companies re
ceived in premiums from business in
Vermont durine the year $55l, 525 and
paid on Vermont business claims
amounting TO S2SI9S4 or this bust
| ness done by casualty companies n
IS interesting to note that there were
received on account OF workmen's
compensation insurance $l5966l and
there were paid on losses in this elias:
Ct business sS5,G57. These figures
ere in marked contrast TO the figures
Of the year proceeding, for in 1915
there were received premium:
amounting to but $1O7,2O3 and tn,
losses paid In that year on this clasi
OF business amounted to only SIS,
537 This marked increase In premi
| ums received and losses paid wa:
due in par, to the fact that the work
mems compensation law did not be
come effective until the middle @
| 1915.
The varions fraternal, beneficiary
associations had IN force in Vernon
on the last day OF December 1910
policies OF certificates of Insurance
| for total amount of about twentl
and quarter million There wert
issued by these companies during th'
year 1856 policies or certificates TO
an amount eighty over two million
dollars. Oh particular interest arr
the statistics relating to bushes
done by Vermont Insurance com
Panies of the state had in force ol
] December 81, 1916 almost one hun
/ dred forty millions of Insurance. TIL
one VermohtSlife Insurance company
| the National life Of Montpelier. hal
in force on December 81, 19i6 11S
1874 policies or slightly over S22S0OO
600 OF insurance There were recei,
cd by the fidelity and casualty CON
panies CT Vermont S51,72O in prem
ums during the year.