Show AMERICAN N INSURANCE ANCE COMPANIES HIT BY WAR Many European Policies Policies' Issued Is Issued Issued Is- Is sued in the U. U S. S Do Not Noti i CO Contain ta n War Clau Clauses es American Insurance Il companies carrying cam Ing forel foreign n policy holders in In the tho British isles and tho continent are r being taxed heavily to meet claims caused by war var casualties according to fo State State Insurance Commis lIonor abner John Jam James s. s It Is known that e fl of or tho the largest companies I In lu the United States 3 do a n large proportion of their business 8 in foreign u countries according to Mr Ir James and In each comP company n except with slight sligh t modifications in the ease case of or German policy holders holders hold hold- ers era there Is no clause which prot protects the company nr company against the time the 10 loss 8 of life ute in a war crisis No War Cla Clause sc In the tIme case of oC German clients inasmuch its as 85 a a. Germ German n subject is held to his country for tor military service and subject to call for war ar at nn any time lime the Insurance companies havo have Included a clause C in itt their policies which protects them a against death to their clients In hi war In England and amid some flome other countries however howo this does docs not hold true true because citizens go Q to war of or their own volition Insurance companies would woul 1 from a ios lobs of business if Ir thc they should include a war clause in policies policies poli poll cies cbs for English clients because the tile clause would c cease to make the time insurance profitable profitable profit profit- able to the Ilic holder holde- American Insurance companies do as largo large a business in tome some of or the time European ln countries as do tho the home companies themselves them them- selves seRes according to Commissioner Jamos I This condition has developed from American Ameri Amen I can ambition and thrift which bus hus pervaded pervaded per per- I Europe In business for several I years e I Recent Innovation Not many years jear ago insurance business bustness bust busi ness In in Europe was not solicited said I Mr 11 James this morning It SIt was waa con con- unprofessional to f solicit Insurance insurance ance was sold time the same arne as aJ other commodities ties and anti when a 11 client felt rell In need of pf Jf taking out nn arm insurance policy he called on the the- company in which he desired to become a policy holder Tho The advent of the time American business methods metho changed the time manner mariner of or the in insurance In- In business In Europe and toda today ItIs it itIs itis is conducted much the same as 11 the business bustness bust busi ness in n America a. a It is true rue however er that tile the American companies do as large a business generally an RN the time l European companies companies com corn panics and arid in some ome places the business of ot the American companies exceeds that of or their I European competitors Because this is true I it t can bo be seen that tho the American companies will suffer as much or more than the European com corn panics In the tho caso case of or policies already taken out In Europe l the Insurance companies companies com corn panics an do nothing to bring about a n re re- re vision They and not the policy holders must stand the time loss os because of or the war crisis |