OCR Text |
Show ti News of the Insurance World v y Company Losses Are Growing. The appalling disasters of the last Tew weeks have given a strong Impetus to accident Insurance, and reports from all sections of thp country Indicate Uiat the volume of business Is Increasing materially. materi-ally. Accident victims for a comparatively compara-tively short period of time are reported as follows. Titanic wreck, 1G3B; deaths from cyclones, SO; Mississippi floods, 30; total, 174f;. Later advices aro not materia 11 v changing chang-ing the aggregate losses to accident companies incident to the sinking of the Titanic, from those published in The Tribune a. week ago. though Tuller details de-tails as to tho known victims Is adjusting adjust-ing the Individual liability of companies. Individual lines reported arc as follows: Henry Blank, a wholesale jeweier at Jersey City, carried 3RS0.O0O of life and accident insurance. lie was lost in the Titanic disaster: Charles M. Hays, president presi-dent of the Grand Trunk railway. New Tork, who was drowned on the Titanic, wa3 insured for $150,000 under n.eeldcnt policies, full benefits In tho following companies: Aetna. Hartford. S50.000; Fidelity & Casualty. New York, S20.0nn; Standard. Detroit. Mich.. $30,000; Travelers,.. Trav-elers,.. Hartford. S50.000; John B. Thayer, second vice president nf the Pennsylvania Pennsyl-vania railway of Philadelphia, also a Titanic victim, carried an accident policy which, with accumulations, will pay his estate S120.000: William Douglas, known to have been on tho Titanic and not reported re-ported among those rescued, was Insured under an accident pollcv for 120.000, with accumulative." and double Indemnity features, fea-tures, making a total claim of ? 18,000, Charles I-J. Chapman of New York, another an-other victim of the Titanic, carried ?13.-COO ?13.-COO accident Insurance; S. W. Blackwell of New Jersey carried accident Insurance for 513,000; Frederick Sutton of Philadelphia, Phila-delphia, 513,000; Frank M. Warren of Portland, Or., carried S50.000 accident Insurance; In-surance; Fmll Brandeis of Omaha, Neb.. SSO.O0O accident insurance. In accident Insurance solely, the Travelers of Hartford Hart-ford seems to have the largest liability, with Jl, 000.000 known losses". In life Insurance the Northwestern Mutual Life of Milwaukee, Wis., sustained sus-tained the heaviest liability with $500,-000 $500,-000 known losses. The known losses of the Mutual Life of New York and tho Equitable have grown since the first reports, the former 'now scheduling $225,000 and the latter about $200,000. The Aetna Life In both life and accident departments will be called upon to pay approximately $250,000. It is ovonTvhere conceded that "proving "prov-ing the loss" will bo made Just as easy ac posnlble by all old line companies, ih one case a company has aJreadv arranged ar-ranged to pay its loss nnd take a personal per-sonal bond from tho beneficiaries under the policy, IT. F. Chaffee of Amenla. N D.. a Titanic victim, carried $161,750 UTo insurance, in-surance, distributed as follows: Mutual Life, $91,700; Pcnn Mutual, $50,000; Fidelity Fi-delity Mutual, 520,000. Of this amount carried In the Mutual LITe, one poller for $75,000 was taken out In March", 1911. Dr. W. F. Mlnnchan of Fon du Lac, Wis., a TI Untie victim, was Insured In-sured for $50,000 In the Northwestern Mutual. William T. 8toad. the well known Avrlter and publisher, carried 10, -000 lifo insurance In the Liverpool &. London & Globe. English Insurance Scliome. England hns a scheme for national Insurance In-surance against disability which, naturally, nat-urally, arouses interest among Insurance men of the United States. Parliament recently passed a law, without a dissenting dissent-ing vote, and. It Is said, lh0 act has broken the record for the amount of opposition op-position encountered after Its passage. The act was lo be proclaimed May 1. but on account of the controversy raging rag-ing the time haa been extended to Julv. The first trouble was started bv tlie British friendly societies, who feared that their patrons would bo driven away from them as a result of their being forced to contribute to the support of the government scheme. Next eunie the opposition op-position of the women, who objected to contributing their six cents a week for each servant and to the necessity of sticking the necessary stamps In a book. Opposition also came from largo employers em-ployers of laborers, especially In the cotton cot-ton districts of Lancashire, who held thai the extra lax would deprive them of their profits. The Socialists opposed the law on the ground that the employer should bear all the burden, and "not merely a part of it." The most serious objections, however, were raised by the medical profession, who claim that the act does not make sufficient provision for their compensation. compensa-tion. It Is said that 21,000 physicians signed a declaration that they wo'uld not accept sendee under the act and have waged war against the few who have consented to render service. Thc government gov-ernment Is now attempting to force the doctors Into line and its efforts ln this direction ar.e being watchtd with much Interest. The opinion Is generally expresed that If an act of this character encounters so much opposition in England, It certainly cer-tainly would be very unpopular In tho United States, where the Idea of paternalism pater-nalism has not been carried to so great an extent. Work for Blind Persons. One of the old line life companies Is making the experiment of giving men who have lost their eyesight an opportunity to earn a living by writing Insurance. A raised letter rate book Js provided by the company similar lo the lettering used in schools for the blind, and by this means agents are enabied to talk Intelligently. Intelli-gently. "B. W. Curtis is the first blind solicitor to bo appointed In California, and he is said to be making good. Insurance Notes. James P. Breeden of Denver, special agent for the Northern Fire Insurance company."' is a Salt Lake visitor and is domiciled at the Hotel Utah. Robert Healy, representing tho German Ger-man Alliance Fire Insurance company of New York, was a visitor at the offices of-fices of A. Rlchtcr, the company's local agent, during thc past week. The Fldeiity-Phenlx Fire Insurance company of New York, Is represented ln the city at present by Slate Agent J. Walter Bailey of Colorado, whose headquarters head-quarters lo in Denver. R. D. Weldon. district, manager for the Pacific coast of the American Surety of New York City, was in Salt Lake City the whole of last week. A. C. Olds, general manager of Con-roy Con-roy & Olds. Sail Francisco, representing the Caledonian Fire Insurance company, of Scotland, G. B la a Salt Lake visitor. vis-itor. The state Insurance department will Issue tbe annual report for the year 1912, covering Ihe business done ln Utah for the year 1911, In the course of tho next two or thmo weeks George E. Maycock. formerly with tho Rockv Mountain Bell Telephone company. In Salt Lake City, is now field man for the Metropolitan Life, of New York. Joseph Meltzer, district superintendent for the Metropolitan Life, who leaves shnrtlv for Oakland. California, will be succeeded by Arthur P. Huntington of Vancouver B. C. Tho change takes place on May 15. A. E. Field of San Francisco, special agent for the Commercial Union and Palatine fire insurance companies of Groat Britain, spent the major portion of last week ln Salt Lake City. Letoy M. Morris of this city, who for the past two years has been ngent for the New York Life. Is now general acent Tor Utah of the I'nlon Central Life Insurance Insur-ance company of Cincinnati. The appointment ap-pointment was made during the past week. The Continental Life of this city announces an-nounces the appointment of Elmer B. Moore, formerly of Denver, as general agent for Nevada, with headquarters at Reno. Mr. Moore was at one time with the Equitable Life of New York. H. T Ellcrby of Hartford. Connecctlcut. representing the claim division (life and accident department) of Tho Travelers' Insurance company, visited his company's local agency In this city last weok on tho wa,y to thc Pacific coasL John McLean of Stanley, Wyoming, who was killed in April last, through a load of wood falling upon him, carried a $5000 life policy ln one of the three Utah life companies. The widow, Edna McLean, received a check for thc- full amount five days after tho fatal occurence. Thc West Coast Life agents In this cily and stato were regaled with some sound Instructions and good advice by Vice President Sontag during the past week. Mr. Sontag camo here from San Francisco and while in the city was the guest of Stato Manager F. E. Francisco. George R. Duncan, formerly of Boise. Idaho, has been appointed supervisor of agents for the Reliance Life of Pittsburg. Ponnsvlvanla. His territory will Include southern Idaho and eastorn Nevada, with headquarters In this city. Duncan succeeds suc-ceeds Richard A. Slmls, who Is now identified iden-tified with the Northwestern Mutual Life In this city. Considerable Interest among the different dif-ferent agents representing the various surety companies doing business in Utah was manifested on Wednesday last, when bids for tho building of the new high schools were, opened. Most of thc companies com-panies were represented at the meeting and nil aro anxiously awaiting the reletting. |