The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1922-07-21
10 MILLION DOLLARS
PAID IN 1921 HAIL LOS
SES in NORTHWEST

OEO LIN VUNlzlVLOl
All States Settled Full Amount, Ex-
cepting North Dakota, Says j. X.
Bowman; Montana's Department Is
Working Efficiently.
| COPIED from Great Falls Tribune, is
sue of May II, 1929
Approximately $10,000,000 was paid
out last year for hail losses by the
state hail insurance departments of
Montana, North Dakota, South Daks-
ia, Nebraska, Saskatchewan and Al
berta, according to E. K. Bowman,
chairman of the Montana state board
of hail insurance, who was business
visitor in Great Falls, Monday. Losses
ran particularly heavy in this state
and Alberta where rate OF lo per
cent, or $40 per 500 was necessary to
cover the claims, he said.
'EIn all of these states, the farmers
carving state hail insurance have re-
ceived the full amount of the adjust
ments except in North Dakota" Mr..
Bowman said. "There a number of
the warrants were sold at small dis
count of from 1 to per cent. This
lis a remarkable record, bearing in
mind the straitened financial condi-
tons which have existed in nearly all
of the states.
| STATE INSURANCE EFFICIENT
"Since the amending of the Mon
tana state hail insurance law three
years ago, its operation has been sue
years ago, its operation has been sue
cessful on the whole. 1t has been
found to be true that but small
amount Of money is needed to carry
on hail insurance business under state
: supervision. Critics have always
! maintained that state hail insurance
> as we'll as all other government bust
, ness operations, is an expensive lux
!, ury. But such is not the case.
i, "History Of state hail insurance fo'
, the last three or four years has shown
, that the state departments are each
. year making a better record from the
standpoint of adjustments and pay
> ment of losses. In paying out the
: S1O,OOO,00O in 1921, less than cents
!. of each dollar placed in hail insurance
: funds was used in operating the de
= partnents. This same ratio has hell
good for the past four years.
"Under the Montana hail insurance
- law the county assessors act as loea
: agents without additional compensa
= ton. They accept applications TO
hail insurance and also distribute re
|ports and furnish information. Thel
- services coupled with those of tn
l county treasurer's go long way il
reducing the cost of department
maintenance.
, 1854 ACRES INSURED
The fifth annual report of the stat
h hoard OF hail insurance covering IN
= 1921 business shows that losses t
k the amount of s152,494.48 were Psi
$ out. in comparison with premium Fay
II ments of s14O,681.85. In Cascade cour
" tv, which is included in the secon
zone. premiums totalling 7,314.6
= were paid, while only S642 was PAL
q in losses. A total of 6,867 acres Wa
K insured in 1921, making Cascade cour
Il ty one of the leading patrons f til
state hail insurance department. ..
: total of 124,644 acres was insured
the state.
County Assessor Harold Mady,
preparation for the handling % 1872
anplicanations, has prepared lette
to the farmers in Cascade count:
which will be mailed by the stat
board. The letter in part follows:
.The rates for the hail insurdnt
levies are limited to 9 per cent in tn
part of the state, and you can insu1
for as much as SIP per acre it ye
are the full owner Of the croy. Ii tt
losses are light this year the levy wi
be made less than 9 per cent. NO Il
terest charged if you pay your pr
MUM before the first day of Decen
Der. Time for making application
has been extended to August 10th
each year. Any applicant for hs
insurance with two years del1nque
taxes against his land must pay ca
with his application. If the pers'
making this application does not oV
the land on which the crops are gro'
he must have the owner sign conse
for same or else make payment f
the premium as directed by the asse
SCI. >,
eff YOU insure with the state tt e
is an adjuster living right mere in {
county who will adjust your loss WIT
in short time after it's occurrens
He is an actual Cascade county dl
falmer-not an agrlcuitut1st-'s
knows what your loss really IS, a
will give you every dollar you are e
titled to.
when you are ready TO insure 20
crop, mail one of the enclosed opp
cations to my ofice, anil YOU l'ail
surance will be in full force and
feet at noon the day following It's
ceipt in my Office. INeeo a INST OF t
fields YOU wish to ins,1ce on the otE
blink.
'If this office may be Of any furtf
assistance to you kin tly feel at libe1
to call on u.s.
Mo NOPE EPEE VACCIN