The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1920-01-07
Premiums Far
Exceed losses
Interesting Data in Bulletin Just Is
sued by State Department of
Insurance.

A bulletin just issued by the Min
nesota insurance department gives a
statement of premiums received and
losses incurred by fire insurance
companies during the past twenty,
six years, as shown by the records
in the department of insurance. From
ST. Peter S17,33696 was received in
premiums, and $2,792.52 was pal. in
losses to residents of this citv dur
ing 1918. Premiums received IS IN
surance companies from this city
during the past twenty six years
amounted to 1861, ,522.S5, while the
losses during the same period ran
to total of S130,946.36.
| Mankato paid 85,S22.56 in premi-
ums and S8,687.84 was paid into the
| city for fire losses, during 1918.
| Premiums received from this city by
insurance companies during the past
twenty-six years amounted to ST.
/ 341.24 and losses paid by the COM
panies into the city amounted to
$733, ,3638O.
New Ulm paid insurance companies
! S54, 4,927.30 in premiums during tbs
past year and received S1,159.37 in
losses from these. same companies
During the twenty six years the pre-
miuns amounted to $757,458.45 and
the fire losses $165,09165.
| Redwood Falls insurance premiums
in 1918 were S13,623.92, while hel
fire losses We're $538.22. For TWEEN.
ty-six years her premiums were
1877, ,4S0.11 and losses, $97,258.59.
| st. James paid out $14,18O.1S fol
insurance premiums during 1918 anc
received S21, ,742.39 for losses. The
total premiums for twenty five year:
is 37,938.95, while the losses
amounted to $62,77711.
| Minneapolis paid S2,364,362. fol
premiums during 1918 and received
| 81, 1886, ,265.57 for losses. During thu
twenty six years the premiums i!
the Mill city amounted to the enor
nous sum of SAL, 1923, 40 and tn,
losses $25,4S3, 1921.
Insurance companies have naic
S85 ,S21 ,S47.53 on fire losses in Min
! nesota in the twenty six years ant
in the same time have collected $134.
, 1896, 1886 in premiums, leaving $48,
!, t569, 9,051.12 for expenses and profits
; The losses in the state in 191;
amounted to $8,513,947.37 and prem
, iums were 1854, ,78S.49.
, The number of fires, valuation O
property and amount of loss by coun
ties is also contained in the twelftI
, annual report of the state fire mar
shal, John B. Sanborn. These fact
E with regard to Nicollet and neighbos
E ing counties follow. The number O
: fires during the year 1918, in Brow.
, county was sixteen; value of bv'
3 ings and contents, S25,865; damag
to buildings and contents, $7,40O an
total insurance, $15,675. In Blu
Earth counties there were twenty
one fires, causing $17,337 in damag
to building and contents valued a
Sal 1880, upon which was carried tc
tai insurance of S20,165.
In Cottonwood county there wer
s but six fires. The damage was S5
n l89 in buildings and contents, who's
s value was $4,000. The total insuranc
S carried was S5,858. Fourteen fire
: occurred in Nicoilot county in 19l
II causing total damage of $685.
g IN building and contents of whic
d had total value of $52,450. The il
e surance carried was S23,084. Fire
{ to the number of fifteen occurred
c Redwood county. The damae
y amounted to 830,269. The propert
: value where the fires occurred W.
e S88,850 and the total insurance ca
/ ried, s5S,380. Renville county hs
e eighteen fires in 1918, causing
o damage of S45,356 to property ha'
ing value of $3.50. The ownel
n carried insurance to the extent
e $54 ,26O. There were but eight firt
IS IN Watowan county. These cause
d $52,825 damage to property value
e at $57,O25. The total insurance ca
lried waS S2A To5