News and citizen. [volume] (Morrisville, Vt. ;) 1881-current, 1917-08-08
State Insurance Department

The report of the state insurance de-
partment for the year 1916 has just been
issued. This report contains statistical
statements regarding insurance written
and insurance companies authorized to
do business in the state in 1916. There
are also included records of fires in YER
mont as shown in the reports made by
insurance companies to the department.
These reports indicate that in 1916 there
were (page ~ 453 fresh the state that
resulted in a total loss and there were
(page ~ ITO that resulted in a partial
loss. The most frequent cause of fire
was lightning, page 10y 514 fires having
been caused thereby. Of the 1928 fires
reported (page IL thecause of 169 (page
~ was unknown.
There were written in the state during
the year 1916 fire insurance to the
amount of over one hundred and sixteen
and one-half million dollars (page Ky
for which there was received in premiums
by the companies $1,6S6, 3O3.19 (page
Ky. The companies paid losses of over
half a million dollars, in exact figures,
$6s7, $3.50 (page Ky.
The figures relating to fire insurance
show that there were (page ky 1880
policies issued during the year in YER
mont for an amount which totaled
slightly over eleven million dollars (page
XD. The premiums paid in Vermont to
life insurance companies during the year
1916 were approximately (page 6so)
three million dollars and the claims paid
IN Vermont by life insurance companies
were approximately (page 6s0) a million
and one-half.
Fidelity and Casualty companies re-
eeived liz premiums from business in Yer.
mont during the year $551,525 fpage
7O4) and paid on Vermont business
claims amounting to 1921, 1884 page
7O4). Of this business done by casualty
companies it is interesting to note that
there were received on account of work.
.
(page 910), and there were paid on losses
in this class of business $S5, 657 page
71O). These figures are in marked con-
trast to the figures of the year preceding,
far in 1915 there were received premiums
amounting to but $1O7,2O3 (page 71O),
and the losses paid in that year on this
class of business amounted to only SIS
537 page 71O). This marked increase in
premiums received and losses paid was
due in part to the fact that the work
mems compensation law did not become
effective until the middle of 1915.
The various traternal, beneficiary asso.
Citations had in force in Vermont on the
last day OF December (page 1907 1907
policies OF certificates of insurance for a
total amount of about twenty and
quarter million (page 1907. There were
issued by these companies during the
year (page 729) 1855 policies or certifi.
Gates for an amount slightly over two
million dollars (page 1921. OF particular
interest are the statistics relating to bus
ness done by Vermont insurance com
panies which show that the various fir
insurance companies of the state had in
force on December 81, 1916 almost one
hundred forty millions of insurance. The
one Vermont life insurance company, the
National Life of Montpelier, had in force
on December 81, 1916, 113, 194 policies,
or slightly over S22S,OOO, 900 of insur
ance. There were received by the fidelity
and casualty companies of Vermont $51,
30 in Dren1ums during the wear