Free trader-journal. (Ottawa, Ill.) 1916-1920, 1920-01-07
FARMER INSURANCE
COMPANIES TO PLAN
POLICY INCREASES
n. c. /. TO FIGURE IN ISSUANCE
OF pROTEC TON ON BUILDINGS
NOW COVERED BY MUTUAL
CONCERNS or COUNTY.

Means pr enlarging rhir scpo"
and increasing their business to meet
present demands, Will be discussed b.
fourteen La Sale Couaty township
mutual fire insurance companies at
their annual meetings to be hrld on
tuesday, January -. according 10 Il
statement sent ont today from the Oh
nce OF Soil Advisor |. ;. Brooks.
The farmers insurance, aS the m
dependent companies are known, has
been an important cog in protecting
farm owners from fire loss for forty
wears or more. But now the increase
cost Of building has .orced owners to
carry more protection on thrlr prop
critics In order to meet this demand
the various companies Wili study
means for enlarging their business.
4 letter sent out by the soil advisor
in connection with this matter says.
ION December a letter was mailed
to you inviting your company to be
represented at Il meeting IN the Court
House on December l7th, for the pur-
pose Of discussing the inSurlnB OF
larger risks by the Mutual COmpat.
les III
Al that meeting representatives,
from six OF the fourteen Township
Muuals which operate in this count
were present Representatives from
other companies were unavoidablN
detained from attending, Mr., j. III.
Baker, Of Macon, Secretary OF the
Grundv County Mutual was present
Il ion ,t
how they changed from township
Companies to County Company,
The Two means discussed. by
which the larger risks could be hand
led were First. by forming CouN-
~ Mutual Company to work in CO..
operation with the Township Mutuals !;
county company may write $l1,uNO
insurance on one risk. Second, by
reinsuring among other Township
Mutuals Because La sale County Is
so well covered by Township Mntuais
the forming o "a county Company was
not considered az favorably as the
second plan. TO get a County Com,
pany well started it might be necess-
airy for some Township Companies to
arrange to cancel their charters on Il
be arranged among two or more
Township Companies by their agree
ing to carry part of each other s
risks. Perhaps three Township Com
panies is a desirable number to work
together on this plan. This reinsur-
ing seems to be as desirable when
larger risks are carried as for the in
dividual to carry insurance at all.
This committee was appointed at
the meeting o nDecember II to in
form the Township Companies about
the discussion there. and to search
for further information along these
lines We would urge that You get as
large an attendance Of your stock
holders as possible out to your an,
nua meeting. to discuss this import
ant proposition. Also arrange for
your company to be we'll represented
at u meeting to be held in connection
with the County Farmers Institute
in Ottawa, at 10 A. NJ Wednesday,
February II. when S. b. Mason OF
Bloomington. one of the best posted
men in the state on Mutual Insurance,
will he present to discuss with Ms
ways of handling this business
Trusting you will give this matter
the careful attention it deserves, We
Yours for cooperation
+. b. Williams. Grand Ridge,
f. X. Spencer. Marseilles.
T. J. Dunn. Seneca. I'll
Committee