| Show lOLIC1BS BEING CANCELLED C J < olti Insurance Companies Want I JCo Cut Rate Business Already are several of the conservative Insurance companies which have been Since the opening of the rate war taking an active part in the blocking of the game inaugurated by the seceders from I the board of fire underwriters of the Pa 1 chile or its predecessor the Pacific Insurance I I Insur-ance union ordering the cancellation of I I policies written at rates below 50 percent I t per-cent off oc the regular board tariffs and I it begins to look very much as though 0 concerted movement looking to the full I restoration of rates was about to be1 restoraton ot made Two of the most prominent companies com-panies doing business on the Pacific coast yesterday notified their Salt Lake agencies agen-cies to withdraw from all risks where the policies were written at more than a 50 per cent cut and to in the future retraIn re-traIn from making any reductions whatever what-ever on mercantile stocks and never under un-der any consideration make a heavier bid for business than 50 per cent off on even flrstcloss risks This is looked upon a merely a forerunner of what is to follow in the near future the general opinion among the Union agencies being that the Unicn companies Trill not for much longer long-er deign to take any notice of the non boarders as far as rates arc concerned but make their fight entirelv on the non intercourse clause The New Zealand which recently gave note of retirement from the board Is not making any cuts In Utah having left the matter entirely in the hands of the local agencies so that there are but four companies doIng business at cut rates and of these four two are not very active Tho members of the local board of ire underwriters continue to hold daily meetings meet-ings for the purpose of discussing the situation and all o the reports made arc of a nature to make the loyal agencies cxtremelv jubilant They are getting at the wind of the opposition and arc of the opinion that the end fs now not faraway far-away Arbitrators Iforr at York The board oc arbitrators named for the purpose of passing upon the differences between M H WalKrr the owner of the I recently damaged buildings on the northeast north-east corner of fain and Second South street and the building inspector who persists In his determination to rid the corner of the structures yesterday pot down to real hard work and devoted the greater portion of the day to an inspec tion of the buildings with the view of determining whether or not they should be ordered removed All of the three members of the board are practical build ers and their decision wIn probably stand unless the case should finally find its way into the courts I Is not antici pated that he work of the board will boar 11 end within the next day or two |
