Show RATES ARE ARES J S TO All Salt Lake Ins Insurance ce Agents N Now w win in Combination to Main Maintain tain P Prices ces OF POlICYHOLDERS MUST STANDS STAND RAISE There wilt be no more competition In fire insurance rates in tills ith 3 and at least 20 per pcr c cent nt of the householders and busIness men men who h ve been carrying policies will have navo top to pu 3 a higher rate wl when n their pres wIth the c expire The board ot of fIre underwriters of the thc Pacific yesterday ori an all the fire iJU insurance agents of this city into n a local on and hereafter prices wIll oe maintained For u a number of years several local fire insurance agents fought against entering the Pacific board YesterdaY however they were compelled to give up the bat battle battie tie tle and now that they are all together the regular tarI tariff will be enforced The new organiZation was formed in the of offIce flee fIce of the board ot of Pacific Fire Under Underwriters writers in the Commercial building Every fire insurance agent in the city was present or was represented The officers elected were President James Rogers vIce president H B 13 WIndsor treasurer C E secreta secretary r P PH rH H Cartwright and A L McDonald with all the other officers except the trees treas treasurer to compose the executive committee committeeS S A m majority of the members of the new organization have maintained the Pacific I boards rates SO those who obtained their insurance through them will not flUt have to pay a a higher rate when their policies run out Nearly all policies for fire are issued for three years ears agents who gave rates much lower than those authorized by the board it Is be believed collected about 20 per cent of the premiums paid on pOlicies now held by citizens of Salt Lake Now all their cli clients will have to pay the regular rates which are much higher Deny It Is a Trust The officers of the new organization deny that I 1 a trust and declare that in Increasing the rates to those who have been by the cut prices they are simply getting what is due them and the companies and besides are stamping out a policy that was detrimental to the business as tar far as profits were con concerned concerned They declare it is not a trust but merely a combination to fix prices Three local agents who held beld out as long as lt it was possible and who joined the new organization only yesterday are areE areE E Ii H Peirce Ensign Elder Eider Cartwright and A L Vincent One of these firms was threatened wit with the loss of six of the eastern 1 s s It rep represented represented resented before It decided that It was time to stop fighting the Pa coast board There are about twenty Insurance companies which the board has not con controlled trolled trolle One hundred odd other companies were in the board One it is said sald has just policies s issued to householders and business men at low rates who will have hae to pay an increased rate as soon as they expire Present Insurance Status While every denial is made that there Is Ig any trust In the organization it Is nevertheless true that the agents in this city who dId not care re to submit to the jurisdiction of the Pacific board were compelled to do so or lose their companies The situation now is that about 20 per percent percent cent of the citizens ns of Salt Lake who have taken out fire Insurance policies Issued by companies represented by the agents who were independent until yesterday will have to pay an increased rate the Instant their present policIes e expire The fro fre rate on dwellings has been In the neighborhood of 70 c cents per This however has been lower than the regular rate because the Pacific board had to meet the rates of the independents or non board agents Now it Is said that this will be increased to something over 1 per er for policies running three years R Rates tes on business property have always been higher than on dwellings and these prices whit wUl go up in proportion According to the agreement made by byall alt all the tho members of the now new association yesterday there is to be no cutting ot of rates in this city but tills does not pro prohibit prohibit hibit them from slashing prices outside Salt Lake in the state It Is not however that any of the members will wUl attempt to do anything that would bring the ill will of the organIzation down upon them as the companies are reported to be hostile to further The board ot of fire underwriters of the Pacific has control of ne nearly rIy all the fire insurance busIness of the western states as far east as Utah It is said sald to be reaching eastward and may soon control other commonwealths On behalf of the new organization it is claimed It will be better generally for the city and its people There will be no discrimination it is said and rates will willbe willbe be equitable |