Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-18
HOPE SEEN FOR
EARLY END OF
INSURANCE WAR
Indiana Companies Believe
Agreement Soon VIII Be
Reached.

Hopeafor an agreement in the fight be-
tween the Indiana and Missouri insurance
commissioners which prohibits twelve
Indiana companies from operating In Mis-
souri, and eighteen Missouri companies
from Indiana, was held by members of
Indiana insurance companies today.
The majority of the Indiana companies
licenses do not expire until March l, and
local insurance men are confident some
agreement will be reached between the
commissioners before that time.
However if no definite agreement is
reached by the commissioners it was be-
lieved some action to compel either the
Indiana or the Missouri commissioner to
change their rulings will be taken in
court. Some time ago the Illinois insur-
ance department issued a ruling similar
to that of the Indiana commissioners and
no action was taken TO bar any COM
panies who placed a deposit with the in
surance commissioner, it was learned.
Thomas S. McMurray announced yes
terday he would prohibit the Missouri
companies from doing business in In
diana until Ben T. Hyde, superintendent
of the Missouri in. urance department
rescinded his ruling barring the twelve
Indiana companies.
Mr. Hyde announced recently he would
bar the Indiana companies from opera
ting in Missouri. if Mr.. McMurray, would
not rescind his ruling requiring all re-
ciprocal insurance companies to deposit
$4,000 either in cash or securities, with
the Indiana commission to show their
sOlveucy.
LESH UPHOLDS
STATES RIGHT.
In an opinion to the Indiana commits
or z 4
that the insurance department had a
right under the Indiana statutes to re
quire reciprocal aud interchange insur-
ance companies to deposit $4,000 with
the State. Mr.. Hyde contended the In
diana commissioner exceeded his power
and the power Of the statute in making
the ruling.
Mr. McMurray notified the Missouri
COMMISSIONS all Missouri companies APP
plying for licenses during the next yeai
would be refused until the Missouri COM
missions ruling was lifted.
The Missouri companies barred from
doing business in Indiana are:
Consolidated Underwriters Of Kansas
city, Subscribers at Druggists of St
Louis, Interinsurers Exchange of Kan.
sas City. Subscribers at Reciprocal Er
change of Kansas City and Underwriters
Exchange of Kansas City.
LIST OF FIRMS
UNDER BAN.
Business Mems Assurance Company Of
America Of Kansas City, International
Life Insurance Company Of st. Louis,
Catholic Knights of America of st. Louis,
Fraternal Order Of Eagles of Kansas
City, National Benevolent Society of
Kansas City, Travellers Protective As
ISOLATION of America Of st. Louis, Ameri-
can Automobile Insurance Company OF
St. Louis, Employees Indemnity Company
of Kansas City, Indemnity Company Of
America of ST. Louis, Citizens Insurance
Company Of st. Louis, Liberty Fire In.
surance Company of st. Louis.
The Indiana companies doing business
in Missouri, which have been barred from
that State by Mr. Hyde, are as follows ::
Sterling Insurance Company, Grain
Dealers Insurance Company, Indiana
Lumbermens Insurance Company, Con
tinental Casualty Company, Inter Ocean
Casualty Company, American Central Life
Insurance Company. Reserve Loan Life
Insurance Company state Life Insurance
Company, all Of indianapolis; Medical
Protective Company of TT. Wayne, La
fayette Life Insurance Company Of La
fayette and the Ben Hur Lodge Of
Charlottesville