The Monroe journal., 1921-05-20
wuh sto0. 0.00o Insurance rolity

MIN >fNN.Hut th>at sAttt
lloyas of London tak eea aNa
annually out Of the United States by
wr.ting freak Insurance. SAYS Ray
r,end L. Carroll. the New York cor
respondent Of the Philadelphia Pub
liz Ledger That is a conservative
estimate Most of il is written
through correspondents stationed IN
New York. 81 which there are eight
doing 4 land-offce business IN what
amounts 70 the placing of leng-shot
bets.
.WhethAr the risk l. taken depends
largely upon the liver ot tae undtf-
writer, IN London. al which there are
1ss rranps.- said William + Mut-
,hy Al expert on the unusual IN IN
snranee 81 l0a Fulton street !
would say that this year the under
writer's are in almost Etalthy conGi-
Ton. for some very rta&raaate
American insurance has besl laced
overseas
For iaslareee" | asked
Wei / A8ye a. Eac4 = closed
London poity On ihe future pgsse
= the best grade of cotton Tor 2 ell
snt n North Carolina. WAS the re
Div. THE first oner | made was .or
4 Sl0u. GOO policy that TIE price this
wear would not ran below 20 cents.
Iondon considered the TiiCc 100 hlgh.
NM for 10 per cent is willing TO write
the policy that il will rot fall below
II cents. Over there the underwflt-
ers have the dope on everything.
Fighters Hands Insured.
II have lust insured prize night
avs hands for $4,000. The eondi-
tons stipulated are interesting Inc
nueilist has to weigh in every day
and card index his weight, when Is
fixed in the policy. Twice month rs
has 10 report 10 certain doctor TOT
phvsical examination, and he can ac-
cent no dates for fistic encounters un-
III they have heen approved by caoie.
In behalf of the beneficiary II Is ar
raneed that the underwriters pay N
United states currency should the
hands be injured.
There is a man out in Kansas
who owns an orchard ei 4oeep appls
trees. each capable OF yielding from
ave 10 eight bushels of truit. nave
persuaded London to take him on for
4 crop valuation OF $4,000 az an
ner cent rate against frost. The cor
resnondence from the other side was
convincing evidence that there i
nothing about apples iu Kansas lla'
London does not know
Followmg the lead Of Lloyds ~
Murphy said that foar American nil
,nrance companies undef sl'eV'aI
charters have. for the last nine
months. been writins policies agalns'
samare hy rain Cireus,s have been
insprinr their street p%raGes ah0
swners of peach orchards have also
walled of the opportunity Henry
". Ives 4 co. placed ihe ttsl ram III
suranee policy in the United states
Companies Here Restricted.
The reason that Lloyds has mon
onoly upon this freak business Is be
cause in England crown charter cal i.i
he obtained to cover every class OF ~
surance. Here the only natioh-Wla'
insurance Is the bonding ana surety
business under quarterly suptfFlsloh
All the rest falls under the stal'
charters. The Aetna of Hartford
chartered to do fire business, hao
10 organize separate company t' u
lake care of its automobile LIABILITY
husiness six of the London compa
nies are licensed to do business IN tht
state OF Illinois. All the rest OF theli
business is handled through cores
pondents. There never was tlul'
when London was not grabbing loi
weird risks all over the world ,.
Few theatregoers know that Mi'l .-.
Hiaos. the little comedienne' carIle'