Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-10-08
INSURANCE
COMPANIES IN
INDIANAPOLIS
That Number, With HON Of
fees Here, Employ Many
People.

Thirty eight insurance companies have
their home offices in indianapolis, con-
tributing a goodly number of well-patd
Employees to the city's population.
There are eight legal reserve life COM
panies, nine fire insurance companies,
Twelve accident and health companies,
seven reciprocal companies, one marine
company and one fraternal. ~
The aggregate life insurance carried
here is $685., 027, TS3. Fire insurance risks
total $24O, 593, 331 Assets of the life COM
psnies total $40, T72, 677; of the fire com
panies, $6,272,G3. The life companies
have a total income of S14.146,95s and
the fire companies, 1929, sos.
General appreciation of the Importance
Of insurance companies to their home
communities Is not accorded by most
persons They do not understand the
part such institutions play In the develop
ment Of industry and commerce. Worthy
business enterprises are being financed
constantly through the revenues that pour
into the home offices Of insurance COM
panies.
Keen business Judgment is required for
the operation of an insurance business
Rivalry is extremely sharp, new ideas
are forever occurring in some quarters
and must be met by exceptional in
genuity in other insurance offices.
Margins Of profit are very narrow and
many circumstances and eventuaIitles
must be considered In the creation of
all policies. Press OF competition on
the one hand and huge risks on other
hold insurance operators to intense &C.
curacy while requiring exercise Of keen
Imagination. Thus the insurance field
utilities services OF men who make
splendid citizens.
ONE-sEvENTH OF BUSINESS
IN STATE
Strangely enough only one-seventh Of
the business Of Indianapolis companies
is carried In Indiara-
And yet the regulations OF these big
institutions are splend1d. Throughout
the business and financial worlds they
are held to reflect the stability and con-
servative but wide-awake progressivism
Of Indianapolis. Honest dealing and 8
disposition to give service to policy
holders have made their growth sound
Loans of all the city's insurance COM
panies total s24.0O0, 900, Of which $4,000
900 is placed on farm property. They also
are financing their own policyhOlders in
the sum Of SS,000,OO0 a service which has
been of immense value in the shifting
business conditions and personal fortunes
Of the war and readjustment periods.
Many men have been enabled to maintain
protection for their families because of
the kindness and good business judgment
Of these Indianapolis companies.
Employees Of the home offices. exclu-
sive of selling agents and medical ex-
aminers, draw more than 100000 a year.
Death losses to life companies last year
tOtaled 81, 100000 in round figures, while
fire companies paid losses of $1,000. 900
Many circumstances and conditions are
factors in determining the location of in
surance companies. Indianapolis, of
course qualities spleRdidly in a geo
graphic sense; its railroad facilities are
also helpful to insurance operations. but
the prime factor is the safe and reason
able treatment Of the companies in the
matter Of legislation.
INSURANCE COMPANIES
GUARDED, PROTECTED.
Early In the development of insurance
companies Indiana discovered the need
for protecting and regulating the insur,
ance field. Safe reserve and approval Of