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Show I " " j News ol the Insurance World I niimnuloiH Insurance Losj-es. The Tribune r,;, BUndaS gave the Us - binty of Amerben accident Insurance companies covering lives lost on the in-fated in-fated ocean liner Titanic. 11 is asserted that nowhere n the annals of insurance Is ;here a parallel for the lops of insured life and propeft) occasioned b ihe lnk-lng lnk-lng of ihe creat ocean linr. From ad -voe the estimated '..isses are as follows: IJfe instiraiu-e. .'. I OS.oOn ; aecldent in-surance, in-surance, (2,212.000; marine Insurance 110,000, oer.; total 114.406,000. Bo fat as reported the losses sustained by the life Insurance companies of the united States are as follows: i ! b T ' - r '. ' ' 3 - 'i: . ! I j ATna IJfe, Hart-. , ford I ion. noa Coulmhlsn Natlonitl .1 6.000' 16,000 Connectlcnl General Hartfi.nl ' i'C.Aao Connectlcnl Mutual. I Hat tford 40 ion Equitable Life, New Voi k j 40,0O'ii 65 i Fidelity Mutual. Phil adeiphla i 30.004 iermailln T.lfe. Neni Yot-ij ; .to.ofio ."o.rini Home I fe, Now Vorki 16.000 Illinois Life. Chicago.) 10,000 10,000 John Hancock, Mu- I 1'ial. Jtosfon I I 1", one-Mar one-Mar cat 'an l,.fe N ew . York ... .1 flair T.oo Massachusetrs Mutual. Springfield j ' 62,000 Metropolitan Life, New York KT.rto.0. S?.000 Mutual nonefit Kew- ! ark I'-.Oftfi i e.ooo Mutual r.he. ynn Vnrk ; . . . 88,000 2io,ooo National r,fe .ATcnt- peher. VI ! 7o.o"0 To.oon New England Mutual. Boston . . . J I 75,Of0 New York Ufo, Now York ' 40.4 IS lf.e.oo'i North American Life, I Newark io,oou! 111,000 Nrirt bwestem Mutual Life. Milwaukee .... 860.0001 160,000 Pacific Mutual Life Los Angeles .. ... 100,0'tO 100,000 Penn Mutual Life, j Philadelphia 132,00 150,000 Phoenix Mutual, Hartford Hart-ford '...I n.fino Philadelphia Mfe, Philadelphia . .... li.onal 10.000 Prudential Newark .. 100,000 100,000 State Mutual. Voi-- coster i 15.000 Travelers. Hartford . 80,000 S.'.OOO Union Central Life Cl ruin nail ,& la.OOOJ lr..ooo Totals . $l.031.44 lOn.Oml Subject for Prize Essay. Will ' J. Farrell, executive committeeman committee-man fmm Utah of 'he National Association Associa-tion of Life I'nderwrlters. and chairman of the prize esaay committee, recently submitted five subjects for consideration Of the national organization, suggest,! by members of the Utah association and Commissioner Dona At the mid-year moellnii held last week in NeW York the committee selected the following subject sub-ject for the prize essay.; "The Perma-nencj Perma-nencj of Life Life Insurance and Life Insurance Work." Mr. Farrall said thta subject was the one recommended by Commlsslonei vYUbird ione. It Is also learned thai al the same meeting five now associations were admitted ad-mitted to membership In the national body and oleM others were, declared eligible eli-gible National Secretary sills In a letter to Mr Farrell states that the Illinois Insurance Insur-ance department has canceled the license of Gustavo Meyers of Chicago, for alleged unprofessional conduct, consisting in tin-main, tin-main, it is said or twisting and rebating. Meyers, a Chicago Insurance broker, attained at-tained conaiderable notoriety at the last national convention of life underwriters, when charges were openly preferred auralnst him upon the floor of the convention con-vention Meyers represented three old lino companies With whom the matter was taken up. The companies made an Investigation on their own account, resulting re-sulting In a written request from all three to the Illinois Insurance department to cancel Meyers's license, which was done. Liable for Full Amount. The Oklahoma Supreme Court has held that when a surety company guarantees a deposit Of the state in a hank and the hank faiic. the surety company Is liable primarily for the full amount of ils bond, and ihe loss la not to he prorated pro-rated between the bond and the state bank guarant fund. The opinion reverses re-verses and remands the case of the Columbia Hank & Trust company In possession of f.. r Cockrell, state banking bank-ing commissioner asralnst the United states Fidelity fc Guaranty company, and directs the dismissal of an Injunction Injunc-tion Which the Surety company had se-cured se-cured in the Oklahoma County Court, preventing the Btati Banking Hoard from paving any further funds Into the bank guaranty fund until the school land department had secured Its pro rata of the Columbia fund. The school laud department was a heavj depositor In the Columbia bank and Its deposits wore covered by bonds one of which was written for 860,000 In tho T niter) states Fidelity & Guyranty company. May Recover Claims. The hill to reimburse the Arc insurance insur-ance companies thai paid losses caused by the Arc atarteis t? the government authorities to stamp out th piajtue in Honolulu ton or twelve years ago. has passed the senate Of the United Stales. Is reported favorably by the house committee com-mittee The government appropriated a million or so to pay the claims, hut the courts re: use,! p. e. ..guize the claims of rhe fire insurance companies thai had in-surance in-surance on the property thus dasiroed. A large number of (ho companies involved in-volved had an exemption agreement in their policies ami thUB escaped liability Broker Ib Held Liable. a Chicago jury has awarded to a claimant claim-ant of Sterling. HI., Judgment for J3t)66.t7 against C. T. WurtS, a broker, who agreed to place Jtlinii of his file InSUl - .uioe for the plaintiff Wurts secured I and delivered a pollr.) for 68600 in LOn- I don Lloyds, fire occurring the next das He had named the Minnesota Plre com- pony as the warranty company but f-illcd to get it on for $1600 Or any other amonut The warranty having been violated, vio-lated, London Lloyds denied liability and a verdict was returned against WurtS I for the full loss under the two he was W supposed to secure " Experience for Year 1911, Tlie "Fraternal Monitor'' hat- tabulated the fraternal experience for 1911, showing show-ing 7,260,000 certificates In tone at the close of the year for ovei 39. uuo, 000.000 of Insurance, ovi 187,000,000 were paid In benefits last year, and the societies had assets at the close of the year of over 1168,000,000. Pm-tntr U more than a million new certificates were Issued, with a net Increase of over 1 30.000. the new j protection aggregating over $1,000,000,000 and the insurance. In force increasing nearly f.'wiu.ofiO.dOo. Insurance Notes. Arthur Mack, special agent for the George H. Tyson fire agency of San Pranclaco, with headquarters in this city, has tendered his resignation He leaves today for California to confer with other fire Insurance managers The statement In last Monday's issue of The Tribune that the Central National Plre Insurance company of Chicago was represented In this city by tho .lennlncs Insurance agency. Is Incorrect. Manager Frank W. Jennings says that the com- I pany has never been connected with ills j firm since its incorporation, and that the Central practically withdrew from the state lust November. Prom private advices received from Chi ago on Sunday, it is learned that insurance Commissioner Dons will give a paper on "Insurance Education" at the annual convention of insurance Commissioners, Com-missioners, which is to be held In Spokane, Spo-kane, Wash., commencing July 23. Mr. Done also made arrangements for a visit Of the commissioners lo Salt Lake City upon their return from the northwest. |