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Show 1 News of the Insurance World Casualty Busincsa In Utah. The annual statements of all the Insurance In-surance companies doing business In Utah have been tiled with the state Insurance In-surance department. Tho Tribune has already published the reports showing net premiums received, business In force and losses paid by the life and fire coin-panics. coin-panics. A detailed report of lost year's misincss of the casualty companies operating op-erating in the state Is herewith presented. present-ed. The list Includes accident insurance, automobile property damage, burglary and theft, fidelity, tiy wheel, health, employers' em-ployers' and public liability, steam 'boiler, surety and workmen's collective. Thc business of both the life and lire companies com-panies for 1910 was largely in excess of that written tho year previous, and this s also true of tho other branches. Following Fol-lowing aro thc figures: Accident Premiums.Losses. Aetna Life (Conn.) ? 6,310 $ 3,305 Continental Casualty I'idelty & Casualty (N. , 12,809 8,471 Frankfort Marine (Germany) (Ger-many) , i(i27 Fidelity & Deposit (Md.) 25 ! General Accident (Scot- . '"-nd) 3,957 1,12-1 London Guarantee &Ac- cidonl (Eng.) L'5 Gorman Commercial (Pa,.) 107 25 Maryland Casualty (Md.) GC9 20 Metropolitan Casualty ( V.) mo National Casualty (Mich.) 50:. 388 Nortli American (III.)... S.U5 2.030 Pacific Mutual (Cal.) 21.SDU 13.8S9 Preferred Accident (N. , V.) , 10.557 1,775 Standard (Mich.) 3.5S5 171 , Travelers (Conn.) 9,53( 2.111 Union Health & Accl- . dent (Colo.) 97D 2&2 U S. Fidelity & Guaranty Guar-anty (Md.) 30 ... . U. R. Health Ss Accident (Mich.) l.OSG G72 ('Includes accident and health.) Automobile property 4 damage Maryland Casualty 2S Burglary and theft-Fidelity theft-Fidelity & Casualty - 770 305 General Accident SO Guardian Casualty (I'tah) 1S9 London Guarantee .t Accident Ac-cident 2 ..... Maryland Casualty 1.000 474 National Surety (N. Y.) . 1,251 New Jersey Fidelity & Plato Glass (N. J.).... 100 U. S. Fidelity & Guarantee Guar-antee 1.539 20S Fidelity-American Fidelity-American Surety (N. T.) 3.922 3SS Fidelity & Casualty 2 Fidelity & Deposit 5.187 S.193 National Surety 1,605 .77G U. S. Fid. &. Guar lO.GGO '500 (Includes surety.) Fly wheel Aetna Accident & Lia-- bllity (Conn.) 40 Hartford Steam Boiler (Conn.) 57 Health-Aetna Health-Aetna Life 3,028 1.167 Continental Casualty ... 10.'i90 3.G27 Fidelity & Casualty 12,315 6.775 Fidelity .c Deposit -It General Accident 1.C96 4S2 1-oyal Protective (Mas3.) 166 , H5 Maryland Casualty 272 ' 257 National Casualty 903 ,28S Pacific Mutual 1.931 1.215 Preferred 10,.",71 3.56 J Standard 559 290 Travelers 1.353 1,192 ('Includes health and accident.) Liability ' Aetna Life -1.351 257- Fidelity & Casualty 3.860 1,121 Frankfort 1.824 30 General Accident 7G- Guardian Casualty 73.0 to 2S.216 London Guarantee & Accident Ac-cident 357 Maryland Casualty 53.S22 37,506 Travelers 1G.3S9 10.182 Live stock Indiana Ss Ohio Live Stock (Intl.) 2,399 1.255 Plate glass-Fidelity glass-Fidelity & Casualty 1.123 tS Fidelity & Deposit 08 .. .. Guardian .t Casualty 129 Lloyds Plate Glass (N. Y ) 1.27S 131 Maryland Casualty 1.4SI 8S0 Metropolitan Casualty 2,602 1.3.1 New Jorsev Plato Glass. 3.S4 1 1.V24 U. S. Fid. Si Guar 9 Sprinkler Maryland Casualty 1,2 0 90 Steam boiler Frankfort ? Hartford Steam Boiler.. D.oiS 65 London Guar. & Act.... 72 v Maryland Casualty 1,21 Surety . , American Surety 1.100 Guardian Casually L'22 National Surety .S5J AA'orkmcn's Collective Frankfort M,lt Guardian Casually nS'L "'k. Maryland Casually 2,lSo 824 Interest Rates Are Upward. Increased savings on life Insurance premiums are partly accounted for by the upward tendency In the rate of interest in-terest earned on life Insurance assets, which began In 1906. The avorago rate for twenty-eight leading life companies was 4 81 per cent hi 1901. rising to 1.9S In 1903. and falling to 1.82 in 1906. Last year it was 1.91 per cent. This small fraction, when applied to the mean ledger assets of the companies for the past five years, would make an increase in their earnings of nearly $23,000,000, or an increase of nearly 5 per cent In earnings over what would have been realized had the interest rate continued nt the basis In 1905. This result Is the more Interesting because In 1899 the life insurance companies secured a consensus of opinion from the leading financiers as to tho rato of interest upon which life insurance companies could count In the future. The majority of the answers an-swers fixed thc rato at 3 per cent, while none estimated It at higher than I per cent, thc general opinion being that Ihe trend of Interest rates would be steadily downward. A Precedent Established. The payment of $1 16.000 to the widow of John M. Carrere. the Now York architect, archi-tect, who carried a $;i0,00i death and dismemberment policy, has resulted In the filing of a large number of clalnid by persons who have been hurl. In the same way Mr. Carrere met his death. Mr. Carrore sustained Injuries In a collision col-lision between a taxicab and a street car, which proved fatal. The company In which he was Insured held that the double indemnity clause applied, and accordingly ac-cordingly ho was paid the double face , of tho" policv with other accumulations. Tho adjusters for other companies ex-! press considerable doubt, whether a taxi- cab can be called a "common carrier" In tho meaning of the clause which provides pro-vides double Indemnity If the Insured Is injured "while a passenger In or on u public conveyance provided by a common com-mon carrier for passenger service." It is pointed out that a liveryman Is not compelled to serve everybody who demands the use of a vehicle, and does not come under tho logal meaning of the term. On tho other hand, a cabman Is bound lo serve anyone who demands It. A case which is now agitating tho claim department of two large companies, com-panies, arises out of an Injury similar In character to the Carrere loss. Suit Against Northwestern, Three Cleveland. Ohio, men. Churles V. Eberhard'. A. M Weber and Bernard Miller, who nro policy-holders of the Northwestern Mutual Life of Milwaukee, Wis., filed suit for a receiver for the tontine dividend fund In (be Unllod States: circuit court last Monday. The petition asks for on accounting of the disposition of an alleged fund of S7.-000,000 S7.-000,000 whlcli tho petitioners claim was unlawfully diverted by officers and other persons connected with tho company. Officers of the company ridicule the suit and point out thai any Juggling of funds Is Impossible iu view of the fact that the books of tho company aro always al-ways open ty Inspection. The Northwestern Mutual Is regarded everywhere as one -of tho splendidly managed man-aged companies of America. The Firomon's Fund. It lr. Intimated In fire Insurance circles that there is likely to be a contest over the fiiemen's pension fund law recently enacted by the stato legislature providing provid-ing an extra tax of 1 per cent on all fire compunlcs operating within the state. The claim Is made that thc new law does not repeal or amend sectloiiH 17 and 18 of the Insurance code of 1909. The sections referred to provide a. 11 por cent tax of tho gross amount of premiums received within the state, and "such taxes shall bc in lieu of all other taxes, licenses and fees of every kind and character by thc state or any subdivision sub-division or village, town' or municipality." Opinion Is divided a to thc merits of thc claim of ground for contest, friends of thc new bill contending that the intention in-tention of thc legislature was to repeal all sections of prior laws in conflict with it.. There arc a number of well-informed well-informed fire Insurance agents on the other hand who say that failure on the part of the framor of the bill to repeal the two sections mentioned renders tho new law null and void. The outcome will bo watched with Interest. Heavy Loss, With No Insurance. An astonishing fuct in connection with the burning of the New York stato cap-itol cap-itol building at Albany last week, and one that has called for considerable adverse ad-verse criticism on the part of the oast-' ern newspapers and various Individuals. Is that, no Insurance whatever was carried car-ried on cither tho building Itself or on the contents. The authorities, It Js understood, un-derstood, took the position that it would be a waste of money to Insure a building build-ing that, had been declared by experts to be absolutely fireproof in every par-! par-! tlcular. The incident goes to show that even fireproof buildings sometimes catch afire and burn, and It would seem that the safest course to pursue in such matters mat-ters Is to protect, property afforded by a. fair-sized fire Insurance policy. Life Insurance in Japan. Official statistics recently published by the government of Japan show that at thc end of 1909 the total amount of life Insurance in force in the Ihlrty-itwo companies com-panies transacting business In that country coun-try aggregated about 5211,500,000, tho total to-tal income of the companies being S9.400.000. The average amount of the policies is small, being about $200. Tho number of policies In force increased from 6S8.053 in 1900 to 1.051,560 in 1909, thc population of Japan proper, Formosa For-mosa and Japanese Saghallen being 53.-276,000. 53.-276,000. Insurance Notea. V. A. Bettilyon of this city has been appointed agent of the Commercial Union Fire Insurance company, succeeding 13. E. Cassady, resigned. Mr. Bcttilyon's headquarters will be in Salt Lake City, with offices on the ground floor of the Judge building. The annual, election of officers of tlic Ftah Association of Life Underwriters will bc held at the Commercial "club on Tuesday. April 11. President Meltzer Is desirous of a full attendance of members at this meeting. Two life companies, the Northwestern National of Minneapolis and thc State Lifo of Indianapolis, withdrew from the slate of Utah last week. The reason assigned by the companies for withdrawing withdraw-ing was failure to make proper agency arrangements. The executive committee of the National Na-tional Convention of Insurance Commissioners Commis-sioners has called a meeting for this week at Chicago. Commissioner Hotch-klss Hotch-klss of New York is chairman and will preside. F. Morle Miller, general manager: Colonel II. Drummond. chairman, and James Simpson, counsel of the General Accident company of Perth, Scotland, are In this country on a visit to the company's branch office In Philadelphia. Thc California supreme court in the case of Sessions vs. the Southern Pacific last week ruled that a railroad Is not liable for personal damages when the injured in-jured person is enjoying a free ride. W. V. Itlce. secretary of the Continental Conti-nental Life Insurance and Investment company of this city Is In San Prap-cisco Prap-cisco on business connected with his com-pay. com-pay. The New York compulsory workmen's compensation law has been declared unconstitutional un-constitutional by the state court of appeals, ap-peals, which held that it deprived the employer ot his property rights without due process of law. |
