New Britain herald., 1926-06-22
Agreement Made Be- fore Agents Remon- strated But Tn e y Were Not informed of Situation.
Commercial Go. Had Ob- tained Business But Other Dealers Were Led to Believe Field Was Still Open.

Mingled expressions of surprise
 and displeasure Were voiced today
 when insurance agents who protest
 ed against the granting of approAi-
 mately $@,0Q0,UuU in new fire insur-
 ance protection on school buildings
 to one agency learned the policies
 are already in effect and had been
 prior to their protest.
 The Commercial Co. whose agent
 drafted a plan of reinsurance in creasing the coverage on old build
 ings and placing policies on fireproof
 structure which previously had nor been covered, has received the entire allotment Of new business, Chairman
 George W, Traut of the school . boards committee on finance said
 today.
 Several weeks ago the board of
 finance and taxation received from the finance committee of the school board q statement explaining insur- ancc conditions in the schools, point
 ing 10 the fact the city carried q
 total of $1,50S,41O on buildings az | B 5lfEtAtllB III NblltS Ptt oN sbHNs lil- cluded in this total were the recently constructed houses regarded as fire proof. but which the committee was informed are fire resistive but not ! immune from damage in conflagra tion; and the old buildings on which ! the school department had Nalua- tions greatly below their actual val- ue The board of finance and taNa- ton and the common council lost no 1 time in appropriating money with
 which to increase the insurance,
 Upon being informed that the school committee planned to place all new policies with the Commercial 1 Co.,, the other local agents held an informal conference and circulated q rcmonstrance on which they secured the signatures of practically every agent in the city. IL was argued that the granting of all new business
 to one company was unfair and the premium reduction occasioned by greater coveragc would actually re-
 suit in a decrease in their revenue unless given q share of the new busi- ness. This petition was showed to
 Mayor Weld and later sent to the school committee, Last week the i board referred the petition to it's committee on finance and no action
 has yet been taken,
 Through this entire procedure. agents declare they were led to be-
 lieve the policies had not yet been placed and there still was possibility
 of the allotment of portion of the business to each.
 Chairman Traut says there is still
 a chance of new allotment under
 which agents will receive the same
 amount of premium as they previ-
 ously earned from the consolidated school district. This might be done through giving them some of the policies in the hands of the Com merciaI Go. or in another way. de-
 tails of which Mir. 1'raut did not an nounce.
 Every building in the city and it's contents are now protected. The rate is 37 cents as against 45 cents
 for buildings and 5Sla for contents under the old plan. A return pre-
 mium of approximately s5.oo0 on old cancelled policies is anticipated Under the new scheme new policies total s2,1S497o.
 Under the old plan buildings were covered to the amount of $t275,4iU and contents $2S3,00n. The new plan calls for buildings covered to the Continued on Page 15D