Milford chronicle., 1928-06-22
INSURANCE ADJUNCT OF
DELAWARE AUTOMO-
BILE ASSOCIATION
TWO Companies Chartered BY Parent
Body Under Laws of Pennsylvania.

8OAy OhANt G0NNo VI tSiNiSJlNdNlcAs
A license to operate in Delaware
has been granted to the Keystone
Automobile Club Casualty Company
and keystone Automobile Club Fire
Company, it was announced last
week at a meeting of the members of
the Delaware Automobile Associa-
ton. Through the affiliation of the
Delaware Automobile Association
with the American Motorists Asso-
citation of which the keystone Auto
mobile Club is also a member, Della
ware motorists will be enabled to Sc
cure the Pennsylvania clubs insur-
ance. The keystone Automobile
Club began issuing insurance to it's
members three years ago, having at
that time organized the Insurance
Exchange of Keystone Automobile
Club, reciprocal company, with the
minimum reserve then required by
law $25,000.
On June LIST the Insurance EX-
change was succeeded by the two
stock companies, it being necessary
uuuGl IuS SnAOy ylNdulet luSuTduCG
laws to. organize two companies so
that all class of insurance might
continue to be written. The Della
ware Automobile Association, with
headquarters at Eleventh and West
streets, Wilmington, will be the local
representative of the two companies.
Statement by Weeks
j. Borton Weeks, president of the
club in letter to the policy holders
the change, says: "The
purpose in making the change in our
insurance facility from a reciprocal |
association to two stock companies |
may be summarized as follows:
Strengthening of our already
strong financial position by the addi-
ton of $45O,OOO new capital and sur
plus.
"2nd-Ability to serve our mem
bership and that of our immediately
affiliated clubs in nearby states. A
cannot do business in Del
aware or New Jersey; the new stock
can.
"3rd-To avoid the effect of the
growing tendency in many states to
enact legislation and put into effect
regulations, making more difficult
he operation of reciprocals.
"4th-The elimination of the ne
,essity of reinsuring against assess
nent, with the resulting saving sub
equent on the elimination of rein
premium for that purpose"
Weeks Speaks On Coastal Highway
The great system of coastal high
ways, proposed by John ]. Raskob
nd others connected with the Reg
Onal Planning Federation, along the
atlantic seacoast from Maine to
florida to relieve through city traf-
&c and present congested highways
1ill be constructed within the next I
0 years, according to a prediction
y Mr.. Weeks at the meeting, which f
,as held in the New Century Club 7
t
Besides heading the American
Association, Mr.. Weeks is
resident of the keystone Automo-
lie Club, with which the local as /:
ociatiOn is affiliated. He is also
ice president of the Regional Plan
ing Federation, which organization
e says is working hard to make the
Dads in the Philadelphia district
7hich includes Wilmington and most
New Castle county, the finest in
ne world.
William J. Lackey, president of the
delaware Automobile Association,
resided at the meeting. More than
90 members and their friends at
ended. w. A. McCrea, generM man.
ger of the Keystone Automobile
asualty Company and the keystone
Club Fire Company, at
ended with about 20 other members |:
nd officials of the keystone Auto !:
lobile Club.