OCR Text |
Show PRIVATE CONCERNS WILL TAKE RISKS Catastrophe Hazard Provided for by the Utah State Industrial Commission. What is known as ''catastrophe har-ariC har-ariC in tlie state insurance fund is to be taken rare of by means of insurance with private companies, it was decided yesterday by the state industrial commission. com-mission. Should a catastrophe happen in T'tah j the state insurance fund might find j itself seriously embarrassed it an at- i tempt were made to Carrv such hazard 1 without outside help. "The provision I made yesterday is to guard against uu-1 ' 1 usual losses which follow some great disaster out of the common. s insurance premium on persons eni-ploved eni-ploved bv the state the industrial commission com-mission 'received $11,829.34, represent-ino represent-ino 1 per cent of the pavroil of those injured. in-jured. The highest departmental amount, J4i74.ll, Vas from the state road commission. State officers anu emplovees receiving a salary amounting to more than .C400 per annum do not come under 'this regulation on insurance. |