OCR Text |
Show I DATES HIGHER THiNEED BE Such Conclusion Reached by Commission Investigating Insurance Companies Indiana Companies Have Been Guilty of Extravagance and Abuses, Though They Have Maintained Main-tained 8olvency, 8ays the Report. Indianapolis. A special commls-elon commls-elon nppolntod by tho governor, which him been Investigating tho of flco of tho stato nudltor for a year, with special reforenco to mutual and stock llfo IiiHiirnnco companies, has submitted Its report to Governor Hun-ly. Hun-ly. Tho general aoncluslons of tho coinmlttco nro that tho "cost of llfo lnaurnnco to tho public Is too high. Tho present mnxlmum premium rntes for IiiHiirnnco nro so much In excess of noods as to permit of extravagant management of companies, theft ot their funds, division of profits and other great abuses without rcndorlng tho companies Insolvent. Indiana's companies, llko many companies of other states, havo been guilty of extravagances ex-travagances nml abuses, though they havo maintained solvency." |