The Fire that Scorched the Industry.An A.M. Best Co. special report on the San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden fire of 1906 chided insurers for not paying claims in full. Editor's Note Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. : The following article is an excerpt ex·cerpt n. A passage or segment taken from a longer work, such as a literary or musical composition, a document, or a film. tr.v. ex·cerpt·ed, ex·cerpt·ing, ex·cerpts 1. from a Best's Special Report published in 1907. The report detailed the losses and settlements of 243 institutions involved in the San Francisco fire of April 18-21, 1906 In this report we deal only with the effect upon the various insurance companies of the losses sustained in the great San Francisco conflagration of April 18-21, 1906, and the manner in which they met these obligations. Taken as a whole, the companies paid their losses remarkably well, but it is nevertheless the fact that there were many companies which, while able to pay in full, met their creditors in an arbitrary Irrational; capricious. The term arbitrary describes a course of action or a decision that is not based on reason or judgment but on personal will or discretion without regard to rules or standards. and technical spirit, making use of the misfortune of those with whom they dealt to exact compromise settlements. The methods of the various companies in settling their conflagration losses appear to us of the first importance to buyers of insurance policies. Insurance is preeminently pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae a business founded upon good faith, and a policy to be worth anything must be good under any and all circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or . An insurance company which meets its obligations under ordinary conditions, but which in the face of extraordinary losses, endeavors in every way to evade e·vade v. e·vad·ed, e·vad·ing, e·vades v.tr. 1. To escape or avoid by cleverness or deceit: evade arrest. 2. a. its just obligations, is not the company which the thoughtful and conservative businessman A businessman is a term for a person working for a profit-oriented commercial or industrial enterprise, or more specifically, someone who is involved in the management (at any level) of a company. will choose to indemnify To compensate for loss or damage; to provide security for financial reimbursement to an individual in case of a specified loss incurred by the person. Insurance companies indemnify their policyholders against damage caused by such things as fire, theft, and flooding, which him against loss. Businessmen should remember that in practically all the large cities of this country the conflagration hazard hazard a risk. hazard analysis critical control points a systematic procedure used to identify specific hazards (for example in food production) and establish control systems that focus on preventive measures rather than rely on is a real and imminent Impending; menacingly close at hand; threatening. Imminent peril, for example, is danger that is certain, immediate, and impending, such as the type an individual might be in as a result of a serious illness or accident. one. The policy-holder in any one of a score of cities may find himself tomorrow in the predicament Predicament Dancy, Captain Ronald must persecute friend to save own skin. [Br. Lit.: Loyalties, Magill I, 533–534] Gordian knot inextricable difficulty; Alexander cut the original. [Gk. Hist. of the businessmen of San Francisco after the great conflagration there. From a keen realization (specification) realization - A UML semantic relationship between a classifier that specifies a contract and another classifier that guarantees to carry it out. [Handout by Mr. David Gillibrand]. of this fact, coupled with the normal American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of distaste for repudiation See non-repudiation. of obligations, undoubtedly springs the equa lly keen interest displayed by businessmen in the San Francisco settlements. We are convinced con·vince tr.v. con·vinced, con·vinc·ing, con·vinc·es 1. To bring by the use of argument or evidence to firm belief or a course of action. See Synonyms at persuade. 2. that those companies which could have paid, but instead evaded their obligations in whole or in part, will find that their action will not be forgotten by that great insuring public from which their support is drawn. Realizing the importance of the subject, we have spared no effort to make this report complete and accurate. As soon as the active work of adjusting began at San Francisco, we dispatched Dispatched was a Swedish melodic death metal band formed in 1992 by Daniel Lundberg. Their sound is very similar to the older Gothenburg style of early In Flames. Biography Dispatched was formed just before New Year's Eve of 1991 by Daniel Lundberg and Krister Andersson. a representative to that city, who spent the ensuing en·sue intr.v. en·sued, en·su·ing, en·sues 1. To follow as a consequence or result. See Synonyms at follow. 2. To take place subsequently. six months in gathering information from all available sources regarding the settlements made by the various companies, investigating particular instances referred to him by this office in order that full justice might be done, both to the concerns reported upon and to our subscribers. A great deal of valuable information was voluntarily forwarded to us by business houses and insurance men throughout the country, who knew of our intention to prepare a complete report covering the whole subject of the settlements. More important still is the mass of detailed information collected by us through correspondence with San Francisco business concerns, which reported to us the settlement made with and the treatment received from each of the companies in which they were interested. These returns were carefully tabulated at this office and filed for future reference. Reports of discourtesy or arbitrary treatment were investigated thoroughly. As a final check upon the accuracy of the data secured through these various channels, we obtained from the companies themselves reports showing the following items: 1. Total number of claims filed. 2. Gross loss. 3. Reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. recoverable. 4. Salvage salvage, in maritime law, the compensation that the owner must pay for having his vessel or cargo saved from peril, such as shipwreck, fire, or capture by an enemy. Salvage is awarded only when the party making the rescue was under no legal obligation to do so. , cash discounts and all other deductions. 5. Net loss. 6. Net amount of insurance involved. The compilation Compiling a program. See compiler. and editing of these returns required great patience Patience, poem Patience: see Pearl, The. patience, card game patience: see solitaire. Patience See also Longsuffering. and labor. The method adopted for showing the comparative rank of the companies with regard to their settlements is fully explained later in this report. We will say here, however, that to a remarkable extent the figures furnished fur·nish tr.v. fur·nished, fur·nish·ing, fur·nish·es 1. To equip with what is needed, especially to provide furniture for. 2. to us by the companies themselves bear out and verify (1) To prove the correctness of data. (2) In data entry operations, to compare the keystrokes of a second operator with the data entered by the first operator to ensure that the data were typed in accurately. See validate. the reports concerning them filed with us and summarized herein. WE ARE PREPARED TO SUBSTANTIATE To establish the existence or truth of a particular fact through the use of competent evidence; to verify. For example, an Eyewitness might be called by a party to a lawsuit to substantiate that party's testimony. TO THE FULLEST EXTENT EVERY STATEMENT CONTAINED IN THIS REPORT, FROM EVIDENCE FILED IN THIS OFFICE. It is unfortunate that the facts require sharp criticism of numerous institutions whose reputations prior to the San Francisco disaster were without blemish blem·ish n. A small circumscribed alteration of the skin considered to be unesthetic but insignificant. blemish , but which justly earned the condemnation Condemnation bell, book, and candle symbols of Catholic excommunication rite. [Christianity: Brewer Note-Book, 85] Bridge of Sighs passage from Doge’s court to execution chamber in Renaissance Venice. [Ital. Hist. of honorable businessmen by their methods of adjusting and paying their San Francisco losses. It is possible that attempts will be made to impugn im·pugn tr.v. im·pugned, im·pugn·ing, im·pugns To attack as false or questionable; challenge in argument: impugn a political opponent's record. our accuracy. We can only say that we have been quite as careful to do justice to the companies as to those who will use this report as a guide to the selection of future insurance; that we have delayed its publication until we could weigh carefully the evidence in each case; that the reports herein are very conservative, considering the evidence accumulated ac·cu·mu·late v. ac·cu·mu·lat·ed, ac·cu·mu·lat·ing, ac·cu·mu·lates v.tr. To gather or pile up; amass. See Synonyms at gather. v.intr. To mount up; increase. ; and that, barring possible typographical ty·pog·ra·phy n. pl. ty·pog·ra·phies 1. a. The art and technique of printing with movable type. b. The composition of printed material from movable type. 2. mistakes, they are absolutely reliable. The net losses shown in the tables forming a part of this report total $175,490,661 with the figures of several companies missing. A tabulation tab·u·late tr.v. tab·u·lat·ed, tab·u·lat·ing, tab·u·lates 1. To arrange in tabular form; condense and list. 2. To cut or form with a plane surface. adj. Having a plane surface. made by us of the losses of the thirty-five large companies which adjusted through the "Committee of Five," which companies as a class settled liberally and fairly, showed that the salvage, cash discounts, etc., of those companies amounted to approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. 10 percent of the net loss. On the same basis of calculation, the losses herein reported represent claims of about $20,000,000. In addition, there was a large amount of reinsurance in foreign companies writing in this country only through reinsurance treaties Reinsurance Treaty (June 18, 1887) Secret agreement between Germany and Russia. Arranged by Otto von Bismarck after the collapse of the Three Emperors' League, it provided that each party would remain neutral if either became involved in a war with a third nation, and that . Those companies have made no report to us of their losses, but estimating from the best data obtainable, we believe that among them they have lost not less than $20,000,000 to $25,000,000. This would make a total loss to insurance institutions throughout the world of from $220,000,000 to $225,000,000. It is probable PROBABLE. That which has the appearance of truth; that which appears to be founded in reason. that the sound value of the property repres ented by this loss was nearly or quite $100,000,000 greater than the last named figure, so that this conflagration takes rank as the largest in history in point of values destroyed. This loss fell upon 243 insurance institutions, plus those foreign companies (twenty or more in number) which have made no report to us. Only 111 companies were licensed to write fire insurance in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). at the time of the disaster. All other companies sustained their losses through reinsurance of admitted companies, or through having written a moderate amount of insurance in San Francisco though not admitted to California. An analysis of the institutions whose figures appear in your tables shows that they were divided as follows: California stock companies 3 Stock companies of other states admitted to California 73 Stock companies of other states not admitted to California 55 Foreign stock companies admitted to California 35 Foreign stock companies not admitted to California 48 "Underwriters' Agencies," whose policies were guaranteed by some company admitted to California 7 Inter-Insurance associations 5 Mutual companies 10 Lloyds associations 7 Total 243 When it is remembered that only the capital and net surplus of an insurance company are available for payment of claims, it is remarkable that a greater number of failures did not occur. The sworn statements of their condition filed by 76 domestic fire insurance companies licensed in California at the time of the conflagration (which were those most heavily involved), showing their net resources on December December: see month. 31, 1905, indicate that no less than 44 domestic companies were insolvent INSOLVENT. This word has several meanings. It signifies a person whose estate is not sufficient to pay his debts. Civ. Code of Louisiana, art. 1980.. A person is also said to be insolvent, who is under a present inability to answer, in the ordinary course of business, the responsibility immediately after the fire upon the basis of the net loss which they now admit. The small number of failures is partly due to the fact that the Insurance Commissioners of various states assumed the heavy responsibility of permitting companies whose insolvency insolvency Condition in which liabilities exceed assets so that creditors cannot be paid. It is a financial condition that often precedes bankruptcy. In the context of equity, insolvency is the inability to pay debts as they become due; insolvency under the balance-sheet was a matter of common knowledge to continue in business unmolested, upon the excuse that as they denied liability for the San Francisco claims, it was impossible to estimate their condition. Many of these companies fortunately made sufficient profit during the last eight month s of the year to enable them to show a solvent solvent, constituent of a solution that acts as a dissolving agent. In solutions of solids or gases in a liquid, the liquid is the solvent. In all other solutions (i.e. condition when filing their statements as of December 31, 1906. If there has been another severe fire loss, however, the result could not have failed to be disastrous, and the insurance officials, who instead of rigidly rig·id adj. 1. Not flexible or pliant; stiff. 2. Not moving; fixed. 3. Marked by a lack of flexibility; rigorous and exacting: "We have watered down a rigid training . . . enforcing the laws, practically suspended sus·pend v. sus·pend·ed, sus·pend·ing, sus·pends v.tr. 1. To bar for a period from a privilege, office, or position, usually as a punishment: suspend a student from school. their operations with regard to certain companies under their jurisdiction, would have been in the most embarrassing position. As it turned out, no great harm was done to the majority of the policyholders of the insolvent companies which were thus permitted to continue in business; but their San Francisco creditors were in many instances induced induced /in·duced/ (in-dldbomacst´) 1. produced artificially. 2. produced by induction. induced, adj artificially caused to occur. induced induction. to settle for less than the companies were able to pay. This would have been impossible had the insurance authorities of the various states promptly prompt adj. prompt·er, prompt·est 1. Being on time; punctual. 2. Carried out or performed without delay: a prompt reply. tr.v. and thoroughly investigated the condition of concerns whose solvency The ability of an individual to pay his or her debts as they mature in the normal and ordinary course of business, or the financial condition of owning property of sufficient value to discharge all of one's debts. solvency n. was open to question. This should have been done, so that creditors receiving offers of compromise settlements could have had some authoritative info rmation upon which to base their acceptance or declination declination, in astronomy, one of the coordinates in the equatorial coordinate system. The declination of a celestial body is its angular distance north or south of the celestial equator measured along its hour circle. of such offers. It was also unfair to the solvent companies to permit insolvent ones to compete with them. A glaring glar·ing adj. 1. Shining intensely and blindingly: the glaring noonday sun. 2. Tastelessly showy or bright; garish. 3. illustration of injury to loss claimants through this lack of prompt action by the insurance officials is the American Insurance Company of Boston Boston, town, England Boston, town (1991 pop. 26,495), E central England, on the Witham River. Boston's fame as a port dates from the 13th cent., when it was a Hanseatic port trading wool and wine. Having recovered from a decline in the 18th and 19th cent. , Mass., which succeeded in settling practically all of its claims at 40 percent, and which is now being sued by numerous loss claimants who were induced to settle on that basis by representations that it could not pay more, which now appear to be false. The small number of failures was also partly due to the fact that $37,056,528 of new capital and surplus have found their way into the insurance business since the fire, as shown by the following tabulation, which, for the sake of completeness, includes some companies which were not involved at San Francisco. Analysis of Reasons Advanced For Nonpayment Non`pay´ment n. 1. Neglect or failure to pay. Noun 1. nonpayment - act of failing to meet a financial obligation nonremittal, default failure - an act that fails; "his failure to pass the test" in Full There cannot be any just criticism of those companies which did not pay their obligations in full because of sheer Sheer and similar can mean:
v. 1. To examine methodically by separating into parts and studying their interrelations. 2. To separate a chemical substance into its constituent elements to determine their nature or proportions. 3. rather closely the arguments advanced by various companies which were entirely able to pay in full but failed to do so. In the days immediately following the disaster, it was generally believed that the damage by earthquake earthquake, trembling or shaking movement of the earth's surface. Most earthquakes are minor tremors. Larger earthquakes usually begin with slight tremors but rapidly take the form of one or more violent shocks, and end in vibrations of gradually diminishing force was so great that the companies would be justified in insisting in·sist v. in·sist·ed, in·sist·ing, in·sists v.intr. To be firm in a demand or course; refuse to yield: insisted on giving me a second helping. v.tr. upon large discounts from the face of their policies. Investigation quickly dispelled this belief. Mr. S. Albert Reed Albert Reed (born March 6 1985) is an American model featured in numerous high-end clothing ads and commercials. Raised in the surf culture of Vero Beach, Florida, Reed's modeling career accelerated at the age of 19 after appearing on the cover of Abercrombie & Fitch's 2004 , Consulting Engineer of the "Committee of Twenty" of the National Board of Fire Underwriters, which committee has considered ever since the Baltimore Baltimore, city (1990 pop. 736,014), N central Md., surrounded by but politically independent of Baltimore co., on the Patapsco River estuary, an arm of Chesapeake Bay; inc. 1745. fire the subject of the conflagration hazard in the large cities of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , visited San Francisco very soon after the disaster and made a report in which he stated in part: "The actual damage, though appalling to those who experienced the shock, was not, as a general rule, structurally serious as far as appearance went. Apart from buildings having ponderous pon·der·ous adj. 1. Having great weight. 2. Unwieldy from weight or bulk. 3. Lacking grace or fluency; labored and dull: a ponderous speech. See Synonyms at heavy. architectural attachments, particularly the City Hall, where the damage was great and spectacular, the apparent structural injury was mainly to tall chimneys A list of the tallest chimneys of the world. Timeline of world's tallest chimney Since the beginning of the industrial revolution, tall chimneys were built, at the beginning with bricks, and later also of concrete or steel. , church towers and unbraced brick gables Gables may refer to:
A plastic mixture of solids and water which sets to a hard, coherent solid and which is used to line the interiors of buildings. A similar material of different composition, used to line the exteriors of buildings, is known as stucco. , tiling and adhesively ad·he·sive adj. 1. Tending to adhere; sticky. 2. Gummed so as to adhere. 3. Tending to persist; difficult if not impossible to shake off: applied decorations were quite generally wrecked wrecked adj. Slang Drunk or intoxicated. Adj. 1. wrecked - destroyed in an accident; "a wrecked ship"; "a highway full of wrecked cars" . House chimneys above roofs fell extensively. Actual collapses were mainly confined con·fine v. con·fined, con·fin·ing, con·fines v.tr. 1. To keep within bounds; restrict: Please confine your remarks to the issues at hand. See Synonyms at limit. to flimsy, frame structures. Observation of the unburned western addition and also of photographs taken between the earthquake and the fire make it clear that San Francisco was far from being destroyed by the earthquake, and that outside of small districts in the flats it was the exception that a building was rendered uninhabitable." For the information of businessmen it should be stated that earthquake damage could properly be urged as a defense to a claim only under the following conditions: 1. Where the policy contained a clause distinctly providing that the company should not be liable liable adj. responsible or obligated. Thus, a person or entity may be liable for damages due to negligence, liable to pay a debt, liable to perform an act for which he/she/it contracted to do, or liable to punishment for commission of a crime. for fire damage resulting directly or indirectly from earthquake. 2. Where a "material portion" of the insured The person who obtains or is otherwise covered by insurance on his or her health, life, or property. The insured in a policy is not limited to the insured named in the policy but applies to anyone who is insured under the policy. insured n. building had fallen from any cause except fire, thus making the policy void. Few policies contained such clauses and it has been conclusively con·clu·sive adj. Serving to put an end to doubt, question, or uncertainty; decisive. See Synonyms at decisive. con·clu  sive·ly adv. proved that few of the buildings destroyed were sufficiently damaged to
bring them within the application of the "fallen building"
clause. The falling of a chimney ChimneyA vertical hollow structure of masonry, steel, or reinforced concrete, built to convey gaseous products of combustion from a building or process facility. or plastering plastering, house construction technique involving the application of plaster to walls and ceilings, exterior plasterwork being of a different composition and generally known as stucco. cannot be considered as the falling of a substantial or material part of a building. The original intent of this clause was to provide against claims arising from the collapse of buildings because of structural weakness, and the courts discriminate dis·crim·i·nate v. dis·crim·i·nat·ed, dis·crim·i·nat·ing, dis·crim·i·nates v.intr. 1. a. between buildings which fall because of some inherent weakness and those which are demolished de·mol·ish tr.v. de·mol·ished, de·mol·ish·ing, de·mol·ish·es 1. To tear down completely; raze. 2. To do away with completely; put an end to. 3. by some outside agency. Most of the companies which attempted to enforce large arbitrary deductions from the claims against them, however, had neither an earthquake clause nor specific evidence of earthquake damage to urge as a defense, but insisted that the "general conditions" entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: them to the discounts demanded ranging as high as 30 percent. We are unable to believe that there was any justification justification In Christian theology, the passage of an individual from sin to a state of grace. Some theologians use the term to refer to the act of God in extending grace to the sinner, while others use it to define the change in the condition of a sinner who has received for this course, after a careful review of all the conditions and the evidence secured from many different sources. If the people of San Francisco had recovered the whole amount of the insurance on the destroyed property--approximately $225,000,000--they would still be out of pocket $l00,000,000. The injustice Injustice American concentration camps 110,000 Japanese-Americans incarcerated during WWII. [Am. Hist.: Van Doren, 487] Bassianus murdered after being falsely accused. [Br. Lit. of attempting to secure discounts from ADJUSTED CLAIMS is, therefore, at once apparent. In the adjustment, all the questions bearing upon the companies' liability were supposedly considered, among them depreciation from all causes, including damage, if any, by the earthquake before the fire finally destroyed the property. The fact that, as a whole, the destroyed property was greatly underinsured un·der·in·sure tr.v. un·der·in·sured, un·der·in·sur·ing, un·der·in·sures To insure under a policy that provides inadequate benefits: Be certain that you are not underinsured against catastrophic illness. , disposes also of the allegation The assertion, claim, declaration, or statement of a party to an action, setting out what he or she expects to prove. If the allegations in a plaintiff's complaint are insufficient to establish that the person's legal rights have been violated, the defendant can make a that many claims were "padded." With total values nearly 50 percent in excess of insurance, on the average padding Bits or characters that fill up unused portions of a data structure, such as a field, packet or frame. Typically, padding is done at the end of the structure to fill it up with data, with the padding usually consisting of 1 bits, blank characters or null characters. See null and bit stuffing. was impossible. THE VITAL POINT OF THE WHOLE MATTER IS THAT THE COMPANIES WHICH EXACTED ARBITRARY DISCOUNTS SECURED THESE DISCOUNTS NOT NECESSARILY FROM THE FACE OF THEIR POLICIES, BUT FROM THE FACE OF THE CLAIMS AFTER THEY WERE ADJUSTED AND THE ADJUSTMENT ACCEPTED BY REPUTABLE rep·u·ta·ble adj. Having a good reputation; honorable. rep  u·ta·bil COMPANIES.To sum up, any wholesale deduction deduction, in logic, form of inference such that the conclusion must be true if the premises are true. For example, if we know that all men have two legs and that John is a man, it is then logical to deduce that John has two legs. from the face of the claims as adjusted was unjustifiable. Such deductions were possible because of the pressing necessities of the claimants and the technical character of the insurance contract, which acted to deter creditors from suing. It is preposterous to assume that individual companies involved for millions of dollars paid their claims in full as adjusted "for the advertisement ADVERTISEMENT. A 'notice' published either in handbills or in a newspaper. 2. The law in many instances requires parties to advertise in order to give notice of acts which are to be done; in these cases, the advertisement is in general equivalent to notice. " or from any other motive motive or motif (mōtēf`), in music, a short phrase or passage of two or more notes and repeated or elaborated throughout the composition. The term is usually used synonymously with figure. than an impelling im·pel tr.v. im·pelled, im·pel·ling, im·pels 1. To urge to action through moral pressure; drive: I was impelled by events to take a stand. 2. To drive forward; propel. sense of justice, and the companies which exacted arbitrary discounts were without legal or moral justification, in the great majority of instances.
San Francisco Losses
Number Gross
of Claims Loss Reinsurance
Aachen & Munich, Germany 1999 4,060,909 2,178,114
Aetna, Hartford, Conn. 1723 4,230,241 1,081,800
Agricultural, New York 690 1,307,780 305,361
Allegheny, Allegheny, Pa. 1 1,500 nil
Alliance Assur., England (h) (a) 3,499,247 213,282
Alliance, Philadelphia 593 1,330,000 126,424
American Central, Missouri 1273 2,977,742 1,070,701
American Fire, Philadelphia (a) 2,308,689 546,672
American, Boston (a) (b)1,200,000 (a)
American, Newark, N.J. 932 1,450,300 182,675
Armenia, Pittsburgh 4 9,005 3,790
Assur. Co. of America 204 502,859 1,859
Atlanta-Birmingham, Ga. (a) (b)859,070 (b)126,121
Atlas, London 1684 4,650,591 2,675,975
Austin Fire, Austin, Texas 275 379,083 83,756
Austrian Elementar 1 1,750 nil.
Austrian Phoenix (c) (b)2,400,000 (c)
Balkan National 3 10,000 nil.
Brewer's Exchange, Missouri 3 18,725 nil.
British America, Toronto 350 1,196,843 57,251
British American, New York 153 217,578 38,892
British Dominions, England (a) 8,000 (a)
Buffalo German, Buffalo, N.Y. 160 351,763 80,468
Bulgaria, Rustschuk 3 10,000 nil.
Caledonian Am., New York 641 876,248 783,530
Caledonian, Scotland 1644 4,894,162 2,066,662
California, San Francisco 897 2,555,292 754,597
Calumet, Chicago (a) 1,238,601 175,775
Camden Fire, New Jersey 340 430,000 nil.
Central, London (a) (a) (a)
Central Mfrs. Van Wert, Ohio 2 2,500 nil.
Citizens, St. Louis 405 1,280,865 930,432
Cologne Reins., Germany (k) 1,317,000 205,000
Colonial Assurance, New York 13 20,192 850
Colonial F.& M., Batavia 4 7,000 nil.
Colonial Fire, Washington 179 (n)149,316 nil
Colonial Underwriters (Included in figures
of National of Hartford)
Columbia, Jersey City, N.J. 15 11,657 4,384
Commercial, Texas 33 28,685 nil.
Commercial Union, London (k) (r)2,940,851 1,004,846
Commercial Union, N.Y. (k) (r)117,268 5,375
Commonwealth, N.Y. 4 13,160 nil.
Compensation & Guar. F. 1 2,000 nil.
Concordia, Milwaukee 198 393,466 161,322
Conestoga, Lancaster, Pa. 7 8,078 nil.
"Confiance," Paris 1 2,000 nil.
Connecticut, Hartford, Conn. 1546 3,360,152 908,040
Continental, New York 764 2,535,472 690,399
Delaware Fire, Delaware 11 17,250 nil.
Delaware, Philadelphia 567 999,716 76,577
Des Moines, Des Moines, Iowa 3 2,272 nil.
"El Dia," Cartegna, Spain 5 15,000 nil.
Dutchess, Poughkeepsie, N.Y. (k) 1,150,295 149,255
Dutch Underwriters 7 29,875 (k)
Eagle Fire Co., New York (k) 985,030 132,320
Eastern, New Jersey 82 69,467 (p)
Empire City Fire, New York 42 104,866 18,000
English-Am. Und'rs. Included in figures of
Equitable F.& M., Rhode Island 244 (q)353,000 nil.
Equitable F. Und'rs, Illinois (m) (m) (m)
Salvage, Cash
Discounts,
And All Other Net
Deductions Loss
Aachen & Munich, Germany 225,449 1,657,346
Aetna, Hartford, Conn. 229,452 2,918,989
Agricultural, New York (e)126,638 875,781
Allegheny, Allegheny, Pa. nil 1,500
Alliance Assur., England (h) 1,374,506 1,911,459
Alliance, Philadelphia 140,000 1,063,576
American Central, Missouri 296,238 1,610,803
American Fire, Philadelphia (f) (f)1,762,017
American, Boston (a) (b)1,000,000
American, Newark, N.J. 139,952 1,127,673
Armenia, Pittsburgh nil. 5,215
Assur. Co. of America 100,250 400,750
Atlanta-Birmingham, Ga. (b)61,502 (b)671,447
Atlas, London 254,098 1,720,518
Austin Fire, Austin, Texas 102,970 192,356
Austrian Elementar nil. 1,750
Austrian Phoenix (c) (b)2,400,000
Balkan National 2,350 7,650
Brewer's Exchange, Missouri nil. 18,725
British America, Toronto 110,566 1,029,025
British American, New York 20,224 158,461
British Dominions, England (a) 7,000
Buffalo German, Buffalo, N.Y. (i)nil. 271,295
Bulagira, Rustschuk 1,975 8,025
Caledonian Am., New York 15,762 76,956
Caledonian, Scotland 387,531 2,439,968
California, San Francisco 1,800,694
Calumet, Chicago 175,775 939,374
Camden Fire, New Jersey 62,031 367,968
Central, London (a) (b)5,000
Central Mfrs. Van Wert, Ohio nil. 2,500
Citizens, St. Louis 131,261 219,175
Cologne Reins., Germany 254,000 858,000
Colonial Assurance, New York nil. 19,342
Colonial F.& M., Batavia 300 6,700
Colonial Fire, Washington (n)29,463 (n)119,852
Colonial Underwriters (Included in figures
of National of Hartford)
Columbia, Jersey City, N.J. nil. 7,273
Commercial, Texas 5,936 22,748
Commercial Union, London nil. (r)1,936,005
Commercial Union, N.Y. nil. (r)111,893
Commonwealth, N.Y. nil. 13,160
Compensation & Guar. F. nil. 2,000
Concordia, Milwaukee 36,906 195,237
Conestoga, Lancaster, Pa. nil. 8,078
"Confiance," Paris nil. 2,000
Connecticut, Hartford, Conn. nil. 2,452,111
Continental, New York 95,201 1,749,872
Delaware Fire, Delaware 477 16,773
Delaware, Philadelphia 288,317 634,822
Des Moines, Des Moines, Iowa 443 1,829
"El Dia," Cartegna, Spain 1,013 13,987
Dutchess, Poughkeepsie, N.Y. 46,320 954,719
Dutch Underwriters (k) 29,875
Eagle Fire Co., New York 315,368 537,341
Eastern, New Jersey (p) (p)69,467
Empire City Fire, New York 19,367 67,499
English-Am. Und'rs. London and Lancashire
Equitable F.& M., Rhode Island (q)88,250 (q)264,750
Equitable F. Und'rs, Illinois (m) (l)2,000
Face of Policies
(Less Face of
Reinsurance Thereon)
Under Which
Claims Were Made
Aachen & Munich, Germany 1,882,795
Aetna, Hartford, Conn. (d)3,300,000
Agricultural, New York 1,002,419
Allegheny, Allegheny, Pa. 1,500
Alliance Assur., England (h) (a)
Alliance, Philadelphia 1,205,576
American Central, Missouri 1,907,041
American Fire, Philadelphia (a)
American, Boston (a)
American, Newark, N.J. 1,267,625
Armenia, Pittsburgh 6,210
Assur. Co. of America 501,000
Atlanta-Birmingham, Ga. (a)
Atlas, London 1,974,616
Austin Fire, Austin, Texas 272,891
Austrian Elementar 2,500
Austrian Phoenix (c)
Balkan National 10,000
Brewer's Exchange, Missouri 20,000
British America, Toronto 1,139,592
British American, New York 177,028
British Dominions, England (a)
Buffalo German, Buffalo, N.Y. 318,577
Bulagira, Rustschuk 10,000
Caledonian Am., New York 92,718
Caledonian, Scotland 2,827,500
California, San Francisco 1,854,163
Calumet, Chicago (a)
Camden Fire, New Jersey (g)430,000
Central, London (a)
Central Mfrs. Van Wert, Ohio 2,500
Citizens, St. Louis 241,000
Cologne Reins., Germany (k)
Colonial Assurance, New York 23,813
Colonial F.& M., Batavia 7,000
Colonial Fire, Washington 149,316
Colonial Underwriters (Included in figures
of National of Hartford)
Columbia, Jersey City, N.J. 10,452
Commercial, Texas 28,684
Commercial Union, London (k)
Commercial Union, N.Y. (k)
Commonwealth, N.Y. 22,500
Compensation & Guar. F. 2,000
Concordia, Milwaukee 232,144
Conestoga, Lancaster, Pa. 8,750
"Confiance," Paris 2,000
Connecticut, Hartford, Conn. 2,751,984
Continental, New York 1,819,238
Delaware Fire, Delaware 17,250
Delaware, Philadelphia 852,561
Des Moines, Des Moines, Iowa 2,272
"El Dia," Cartegna, Spain 15,000
Dutchess, Poughkeepsie, N.Y. (k)
Dutch Underwriters (k)
Eagle Fire Co., New York (k)
Eastern, New Jersey 120,500
Empire City Fire, New York 80,866
English-Am. Und'rs.
Equitable F.& M., Rhode Island 353,000
Equitable F. Und'rs, Illinois (m)
Percentage
of "Face
Policies" Paid
Or To Be Paid
Aachen & Munich, Germany 88.02
Aetna, Hartford, Conn. (i)
Agricultural, New York (e)87.36
Allegheny, Allegheny, Pa. 100.00
Alliance Assur., England (h) .........
Alliance, Philadelphia 88.22
American Central, Missouri 84.47
American Fire, Philadelphia .........
American, Boston .........
American, Newark, N.J. 88.96
Armenia, Pittsburgh 83.98
Assur. Co. of America 79.99
Atlanta-Birmingham, Ga. .........
Atlas, London 87.13
Austin Fire, Austin, Texas 70.49
Austrian Elementar 70.00
Austrian Phoenix .........
Balkan National 76.50
Brewer's Exchange, Missouri 93.62
British America, Toronto 90.29
British American, New York 89.51
British Dominions, England .........
Buffalo German, Buffalo, N.Y. 85.16
Bulagira, Rustschuk 80.25
Caledonian Am., New York 83.00
Caledonian, Scotland 86.29
California, San Francisco 97.11
Calumet, Chicago .........
Camden Fire, New Jersey (g)85.56
Central, London .........
Central Mfrs. Van Wert, Ohio 100.00
Citizens, St. Louis 90.94
Cologne Reins., Germany .........
Colonial Assurance, New York 81.22
Colonial F.& M., Batavia (t)
Colonial Fire, Washington 80.27
Colonial Underwriters (Included in figures
of National of Hartford)
Columbia, Jersey City, N.J. 69.60
Commercial, Texas (s)79.30
Commercial Union, London .........
Commercial Union, N.Y. .........
Commonwealth, N.Y. (o)58.50
Compensation & Guar. F. (t)
Concordia, Milwaukee 84.10
Conestoga, Lancaster, Pa. 92.32
"Confiance," Paris 100.00
Connecticut, Hartford, Conn. 89.10
Continental, New York 96.19
Delaware Fire, Delaware 97.23
Delaware, Philadelphia 74.46
Des Moines, Des Moines, Iowa 80.50
"El Dia," Cartegna, Spain (t)
Dutchess, Poughkeepsie, N.Y. .........
Dutch Underwriters .........
Eagle Fire Co., New York .........
Eastern, New Jersey 57.65
Empire City Fire, New York 83.47
English-Am. Und'rs.
Equitable F.& M., Rhode Island 75.00
Equitable F. Und'rs, Illinois .........
Equity Fire, Toronto 2 7,500 nil. 625
Eureka F. & M., Ohio 46 22,353 nil.
"Europa" Reinsur., Germany 2 3,000 nil. 248
European Undrs., London 15 230,250 nil. nil.
Excess, London (w) (w) (w) (w)
Factors Fire, Tennesee 1 2,500 nil. 188
Factory Mutual, Cleveland 2 5,311 nil. nil.
Farmers & Mer., Nebraska 1 2,500 1,500 145
Federal, Jersey City, N.J. (u) 812,484 25,484 nil.
Federal Lloyds, Chicago 7 17,575 nil. 3,038
Fidelitas, Brussels 3 4,000 nil. (y)953
Fidelity Undrs, Chicago (cc) (cc) (cc) (cc)
Fire Asso., Philadelphia 1,620 2,459,254 326,275 342,124
Fireman & Mechanics 3 3,500 nil. 699
Fireman's Fund, California 5,960 8,200,408 1,927,442 153,188
First Bohemian, Austria (y)2 (y)89,000 nil. 280
Franklin Fire, Pennsylvania (u) 2,123,542 599,939 (u)
German Alliance, New York 426 299,847 nil. 43,310
German American, New York 2,149 4,051,437 1,282,607 471,000
German Fire, Peoria, Ill. (u) 900,000 50,000 40,795
Germania Fire, New York 1,883 3,830,157 1,320,776 459,048
German, Freeport, Ill. (u) 5,139,422 349,400 nil.
German Nat., Chicago (u) 445,542 13,750 nil.
German Underwriters (Included in figures
of Milwaukee Mechanics)
Girard F. & M., Pennsylvania 706 1,148,278 281,635 136,593
"Gladbacker," Germany 6 31,000 nil. 4,825
Glens Falls, Glens Falls, N.Y. 790 1,502,911 472,507 33,073
Globe & Rutgers, New York (u) 1,096,494 188,500 53,054
Great Lakes F. & M., I.T. (u) (u) (u) (u)
Hamburg-Bremen, Germany 2,270 4,394,276 1,713,206 1,098,568
Hamilton Fire, New York 3 5,000 nil. 110
Hanover Fire, New York 1,228 1,724,804 171,985 205,513
"Hanseatische," Hamburg (dd) (dd) (dd) (dd)
Hartford Fire, Connecticut 4,567 10,276,500 2,845,300 664,263
Home F. & M., California 2,643 3,187,442 867,156 82,606
Home Ins., B & T., Texas (dd) (dd) (dd) (dd)
Home, New York 1,057 3,194,007 774,182 274,873
Houston F. & M., Texas 3 5,000 nil. 687
Ice Mf's. Exchange, Missouri 3 18,658 nil. nil.
Indemnity Exchange, Illinois 3 67,500 nil. nil.
Indemnity Fire, NewYork 249 175,282 16,400 35,724
Ind. Cash Mutual, Toronto 1 1,500 nil. 150
India Mutual, Boston 3 1,013 nil. nil.
Indianapolis Fire, Indiana 55 67,816 nil. 6,986
Individual F. Undr's., Missouri 2 25,000 nil. nil.
Individual Undr's., New York 1 214,625 nil. 5,125
Ins. Co. of N. Am., Pennsylvania 1,963 4,650,000 1,005,395 344,605
Ins. Co. of State of Pennsylvania 4 8,250 nil. 183
Insurance Underwriters (Included in
figures of Spring Garden)
Jefferson Fire, Philadelphia 13 25,667 nil 4,160
Johnstown Mutual, Pennsylvania (ii) (ff) (ff) (ff)
Kings County, New York (Included in
figures of Atlas of London
King, London (ff) (ff) (ff) (ff)
Law, Union & Crown, England 1,099 2,295,315 326,326 261,577
Liv. & Lon. & Globe, England 2,007 4,752,094 519,338 229,190
Lloyds, London (ff) (ff) (ff) (ff)
Lon., & Lancashire, England 2,322 7,789,088 3,583,326 575,157
London Assurance, England 3,261 8,291,390 3,126,515 489,466
London Mutual, Canada 19 24,750 9,552 1,882
Louisville, Louisville, Ky. 18 (jj)14,186 nil. (jj)7,000
Madison, Madison, Ind. 3 5,000 nil. 800
Manchester, London 156 350,611 72,870 34,864
Equity Fire, Toronto 6,875 7,500 91.66
Eureka F. & M., Ohio 22,353 24,783 90.19
"Europa" Reinsur., Germany 2,751 3,000 91.70
European Undrs., London 230,250 233,500 (aa)98.61
Excess, London 75,000 (w) ...
Factors Fire, Tennesee 2,312 2,500 92.48
Factory Mutual, Cleveland 5,311 6,600 80.46
Farmers & Mer., Nebraska 855 1,000 85.50
Federal, Jersey City, N.J. 787,000 926,824 84.91
Federal Lloyds, Chicago 14,537 20,500 (z)70.91
Fidelitas, Brussels 3,047 4,000 (w)76.17
Fidelity Undrs, Chicago (cc) (cc) ...
Fire Asso., Philadelphia 1,790,855 2,132,979 84.00
Fireman & Mechanics 2,801 3,500 80.00
Fireman's Fund, California 6,119,778 6,980,464 87.67
First Bohemian, Austria (y)88,720 (y) (y)
Franklin Fire, Pennsylvania (x)1,523,603 (u) ...
German Alliance, New York 256,537 299,847 85.56
German American, New York 2,297,830 2,557,430 89.85
German Fire, Peoria, Ill. 809,205 (u) ...
Germania Fire, New York 2,050,332 2,509,380 81.70
German, Freeport, Ill. 4,790,022 (u) ...
German Nat., Chicago 431,792 (u) ...
German Underwriters (Included in figures
of Milwaukee Mechanics)
Girard F. & M., Pennsylvania 730,050 886,643 82.34
"Gladbacker," Germany 26,175 31,000 84.43
Glens Falls, Glens Falls, N.Y. 997,330 1,081,756 92.20
Globe & Rutgers, New York 854,939 (u) ...
Great Lakes F. & M., I.T. (v)2,000 (u) ...
Hamburg-Bremen, Germany 1,582,502 2,096,003 75.50
Hamilton Fire, New York 4,890 5,000 (bb)
Hanover Fire, New York 1,347,306 1,631,505 82.58
"Hanseatische," Hamburg 1,500 (dd) ...
Hartford Fire, Connecticut 6,766,937 7,431,200 91.06
Home F. & M., California 2,237,680 2,624,647 85.25
Home Ins., B & T., Texas (ee)6,000 (dd) ...
Home, New York 2,144,951 2,317,518 92.55
Houston F & M., Texas 4,312 5,000 (ll)86.24
Ice Mf'S. Exchange, Missouri 18,658 20,000 93.23
Indemnity Exchange, Illinois 67,500 67,500 100.00
Indemnity Fire, NewYork 123,158 158,882 (kk)77.52
Ind. Cash Mutual, Toronto 1,350 1,500 90.00
India Mutual, Boston 1,013 (hh)1,000 ...
Indianapolis Fire, Indiana 60,830 67,816 89.70
Individual F. Undr's., Missouri 25,000 25,000 100.00
Individual Undr's., New York 209,500 214,625 97.61
Ins. Co. of N. Am., Pennsylvania (gg)3,300,000 3,800,000 90.54
Ins. Co. of State of Pennsylvania 8,067 8,250 97.78
Insurance Underwriters (Included in
figures of Spring Garden)
Jefferson Fire, Philadelphia 21,506 25,667 83.80
Johnstown Mutual, Pennsylvania (ee)10,000 (ff) ...
Kings County, New York (Included in
figures of Atlas of London
King, London 4,000 (ff) ...
Law, Union & Crown, England 1,651,591 1,968,989 83.88
Liv. & Lon. & Globe, England 4,003,566 4,160,369 96.23
Lloyds, London (ee)1,500,000 (ff) ...
Lon., & Lancashire, England 3,630,605 (dd) ...
London Assurance, England 4,675,409 5,164,875 90.52
London Mutual, Canada 12,719 14,550 87.35
Louisville, Louisville, Ky. (jj)7,185 14,971 47.99
Madison, Madison, Ind. 4,200 5,000 84.00
Manchester, London 242,877 (dd) ...
Mfrs. Ind. Assn., Washington
(See Seattle F. & M.)
Mercantile F. & M., Massachusetts 800 1,118,784 573,350 58,305
"Metropole," Paris 2 5,000 nil. 311
Metropolitan, Chicago 1 850 nil. nil.
Michigan F. & M., Michigan 213 452,725 35,000 31,789
Michigan Millers, Michigan 4 6,000 nil. 153
Milwaukee Fire, Milwaukee 210 193,135 nil. 15,422
Milwaukee Mech's. Wisconsin (mm) 2,637,780 506,541 (00)751,046
Mississquoi & Rouville, California 1 1,000 nil. nil.
Monongahela, Pittsburgh (mm) 10,188 nil. 1,196
Montmagny Mutual, Ouebec 4 7,000 nil. (nn)1,177
Montreal-Canada, Quebec 2 1,537 nil. 15
Moscow Fire, Russia 132 287,037 nil. 8,245
Munich Rein., Germany 1,600 2,447,958 nil. 197,985
Mutual F., M. & I., Philadelphia 1 210 nil. nil.
Nadeshda, Russia 10 23,000 nil. 2,688
Nassau Fire, New York 199 374,477 158,955 (tt)
National F. & M., New Jersey 15 27,211 nil. 6,241
National Fire, Connecticut 1,337 3,601,701 806,809 225,314
"Nationale," Paris 2 3,500 nil. nil.
National Mut. Church, Illinois 1 4,500 2,000 nil.
Nat. Mut., Omaha, Neb. 1 (pp)2,500 nil. nil.
National Union, Pittsburgh 774 1,626,860 326,016 174,844
National Union, England 1 2,500 nil. nil.
Nebraska Underwriters 1 641 nil. nil.
New Brunswick, N.J. 122 178,118 13,935 26,794
New Hampshire, N.H. 402 874,355 353,561 63,760
N.Y. & Boston Lloyds 1 1,936 968 nil.
New York Fire, New York (mm) 479,374 28,500 207,568
New York Ins. Assn. 2 2,390 427 81
N.Y. Underwriters Agency (Included
in figures of Hartford Fire)
New Zealand 1,086 2,065,006 549,005 148,277
Niagara Fire, New York 1,590 2,600,259 176,427 293,433
No. British & Mer., London 1,705 3,983,244 499,915 282,190
No. British & Mer, New York 2 13,500 nil. nil.
Northern Assurance, England 1,229 4,186,955 1,650,754 218,903
Northern, New York 2 2,500 nil. 32
North German Fire, Germany (uu) (vv)4,100,000 1,100,000 (uu)
North German, New York (uu) 802,000 243,000 nil.
North River, New York 266 537,793 109,668 (zz)
N'thwestern F. & M., Minnesota 121 214,800 5,625 42,256
Northwestern Nat, Wisconsin 509 760,911 65,312 113,565
Norwich Union Fire, England 1,338 2,739,728 621,905 598,124
"Nye Danske," Denmark (ww) (ww) (ww) (ww)
Orient, Hartford, Conn. 529 1,641,202 732,255 115,966
Osage, San Francisco (ww) (vv)15,000 (ww) (win)
Ozark, Ft. Smith, Ark. (uu) (vv)1,500 (uu) (uu)
Pacific Coast, Vancouver 1 908 nil. nil.
Pacific Fire, New York 50 81,214 21,238 nil.
Pacific Underwriters (Included in
figures of Fireman's Fund and
Home F. and M.)
Palatine, London (uu) 2,510,981 817,972 nil.
"Paternelle," Paris 4 7,000 nil. 311
Pelican, New York 462 524,196 11,097 44,951
Pennsulvania, Philadelphia 2,687 4,520,733 1,197,134 325,594
Peter Cooper, New York 59 89,000 16,434 20,062
Phenix, Brooklyn, N.Y. 2,166 5,294,120 1,537,918 768,080
Phila. Fire, Philadelphia (ww) (xx)500 (ww) (ww)
Phila. Underwriters (Included in
figures of Fire Assn. and Ins.
of North America)
Phoenix Assur., London 1,831 4,370,868 1,637,189 262,296
Phoenix, Hartford, Conn. 1,070 2,403,234 463,909 148,222
Mfrs. Ind. Assn., Washington
(See Seattle F. & M.)
Mercantile F. & M., Massachusetts 487,128 535,841 90.91
"Metropole," Paris 4,689 5,000 93.78
Metropolitan, Chicago 850 1,000 85.00
Michigan F. & M., Michigan 385,935 417,725 92.39
Michigan Millers, Michigan 5,847 6,000 97.45
Milwaukee Fire, Milwaukee 177,713 (mm)
Milwaukee Mech's. Wisconsin 1,380,193 (mm)
Mississquoi & Rouville, California 1,000 1,000 100.00
Monongahela, Pittsburgh 8,992 10,188 88.26
Montmagny Mutual, Ouebec 5,823 7,000 (nn)83.19
Montreal-Canada, Quebec 1,522 3,000 (qq)50.77
Moscow Fire, Russia 275,610 285,412 96.56
Munich Rein., Germany 2,249,973 2,652,184 84.87
Mutual F., M. & I., Philadelphia 210 (mm)
Nadeshda, Russia 20,312 23,000 (ss)88.31
Nassau Fire, New York 215,522 251,333 85.75
National F. & M., New Jersey 20,970 28,500 73.58
National Fire, Connecticut 2,569,578 (rr) (rr)
"Nationale," Paris 3,500 3,500 100,00
National Mut. Church, Illinois 2,500 2,500 100.00
Nat. Mut., Omaha, Neb. (pp)2,500 2,500 (pp)100.00
National Union, Pittsburgh 1,126,000 (mm)
National Union, England 2,500 2,500 100.00
Nebraska Underwriters 641 750 85.47
New Brunswick, N.J. 137,390 192,825 71.26
New Hampshire, N.H. 457,034 520,793 87.77
N.Y. & Boston Lloyds 968 1,000 96.80
New York Fire, New York 243,306 (mm)
New York Ins. Assn. 1,882 2,000 94.10
N.Y. Underwriters Agency (Included
in figures of Hartford Fire)
New Zealand 1,367,724 1,566,688 87.30
Niagara Fire, New York 2,130,399 2,433,582 87.54
No. British & Mer., London 3,201,139 3,550,084 90.17
No. British & Mer, New York 13,500 13,500 100,00
Northern Assurance, England 2,317,298 2,536,201 91.36
Northern, New York 2,468 2,500 98.72
North German Fire, Germany (vv)3,000,000 (uu)
North German, New York 559,000 (uu)
North River, New York 428,125 534,396 80.11
N'thwestern F. & M., Minnesota 166,918 215,825 77.33
Northwestern Nat, Wisconsin 582,034 (uu) 86.22
Norwich Union Fire, England 1,519,699 2,117,823 (yy)71.76
"Nye Danske," Denmark 76,000 (ww)
Orient, Hartford, Conn. 792,981 (uu)
Osage, San Francisco (vv)15,000 (ww)
Ozark, Ft. Smith, Ark. (vv)1,500 (uu)
Pacific Coast, Vancouver 908 1,000 90.84
Pacific Fire, New York 59,976 89,334 67.13
Pacific Underwriters (Included in
figures of Fireman's Fund and
Home F. and M.)
Palatine, London 1,693,007 (uu)
"Paternelle," Paris 6,689 7,000 95.55
Pelican, New York 468,147 524,543 89.24
Pennsulvania, Philadelphia 2,998,005 3,323,599 90.20
Peter Cooper, New York 52,504 (uu)
Phenix, Brooklyn, N.Y. 2,998,122 3,756,202 79.55
Phila. Fire, Philadelphia (xx)500 (ww)
Phila. Underwriters (Included in
figures of Fire Assn. and Ins.
of North America)
Phoenix Assur., London 2,471,383 2,705,920 91.33
Phoenix, Hartford, Conn. 1,771,103 1,919,326 92.27
"Polar," Bilboa, Spain 2 3,500 nil.
Protector Underwriters. (Included
in figures of Phoenix of Hartford)
Prov. - Washington, Rhode Island 602 1,331,557 443,801
Prussian National, Germany (aaa) 1,286,554 317,482
Queen City Fire, South Dakota 178 304,715 59,478
Queen of America, New York 579 2,157,802 430,789
Republic Mut., Pennsylvania (eee) (ccc) (eee)10,000 (ccc)
Rhine & Moselle, Germany (ccc) (bbb)4,500,000 (ccc)
Rochester German, New York 540 976,897 325,979
Rossia, St. Petersburg (aaa) 1,350,000 nil.
Royal Exchange, London 2,383 5,425,145 1,951,944
Royal, Liverpool, England 2,509 6,746,801 1,757,796
Russian Transport, Russia 7 23,750 nil
St. Paul F. & M., Minnesota 1,175 2,156,443 (ddd)916,300
Salamandra, Russia 241 343,970 nil.
"Salamandre," Havre, France 3 5,500 nil.
Scotch Underwriters Included in figures of
Scottish Union & Nat. 721 1,832,298 781,662
Seabord F. & M., Texas 27 (fff)33,025 7,555
Seattle F. & M., Washington 5 13,500 nil.
Second Russian, Russia 6 11,875 nil.
Security Fire, Baltimore. (aaa) (bbb)700,000 (aaa)
Security Fire, Cincinnati, Ohio 46 22,353 nil.
Security, New Haven, Conn. 363 551,679 77,915
Shawnee Fire, Topeka, Kan. 1 1,800 nil.
Skandia, Sweden 280 709,196 nil.
"Soliel" (Sun), Paris 2 3,000 nil.
Southern, New Orleans 1 5,000 2,250
Springfield F. & M., Massachusetts 836 2,150,595 416,802
Spring Garden, Pennsylvania (aaa) (aaa) (aaa)
Standard, Amsterdam 2 3,500 nil.
State Fire, Liverpool, England 641 1,243,956 79,950
State, Des Moines, Iowa (hhh) (iii)20,000 (hhh)
State, Omaha, Neb. 2 2,750 nil.
Stuyvesant, N. Y. 112 186,164 8,424
Sun, London 1,068 3,122,712 1,198,207
Svea, Gothenburg, Sweden 932 2,125,322 1,084,479
Tanners Mut., Philadelphia 1 5,892 nil.
Teutonia New Orleans 230 402,746 57,785
Thuringia, Erfurt (Included in
figures of Fireman's Fund, which
reinsured it in 1904)
Tide Water, Md. (hhh) (iii)1,250 (hhh)
Traders, Chicago (hhh) (iii)3,748,000 (hhh)
Traders Fire, Toronto 2 3,000 nil.
Transatlantic, Germany (hhh) (iii)4,000,000 (hhh)
Travelers, Pine Bluff, Ark. 4 6,500 1,080
Union Assur., London 1,383 4,453,385 853,928
Union Fire, Paris 3 4,469 nil.
Union, Philadelphia (hhh) (iii)700,000 (hhh)
United Firemens, Pennsylvania 400 755,475 395,185
United States Fire, New York 178 191,518 2,000
"L'Urbaine," Paris 2 3,469 nil.
Vermont Mutual, Vermont 1 2,500 nil.
Victoria Fire, New York (hhh) 47,390 980
Virginia State, Virginia 7 5,608 nil.
Wabash, Hammond, Ind. (hhh) (iii)500 (hhh)
Washington, Seattle (hhh) 91,300 (hhh)
Wellington Mutual, Canada 5 4,000 nil.
Westchester Fire, New York 802 1,226,650 191,826
Western Assur., Toronto 942 2,041,243 118,193
Williamsburgh City, N.Y. 812 1,857,739 640,853
Wilmington Fire, Delware 4 5,250 nil.
York Fire, Toronto 1 (iii)1,000 nil.
"Polar," Bilboa, Spain nil. 3,500 3,500
Protector Underwriters. (Included
in figures of Phoenix of Hartford)
Prov. - Washington, Rhode Island 98,666 789,090 905,646
Prussian National, Germany 275,458 693,614 (aaa)
Queen City Fire, South Dakota 42,773 202,464 245,237
Queen of America, New York 138,442 1,588,571 1,723,513
Republic Mut., Pennsylvania (eee) (ccc) (eee)10,000 (ccc)
Rhine & Moselle, Germany (ccc) (bbb)4,500,000 (ccc)
Rochester German, New York 47,015 603,902 665,000
Rossia, St. Petersburg 95,476 1,254,524 1,350,000
Royal Exchange, London 525,173 2,948,028 3,541,253
Royal, Liverpool, England 353,452 4,635,553 4,954,005
Russian Transport, Russia 2,950 20,800 23,750
St. Paul F. & M., Minnesota nil 1,240,142 1,385,865
Salamandra, Russia 21,714 322,257 361,485
"Salamandre," Havre, France 1,113 4,387 5,500
Scotch Underwriters Caledonian of Scotland
Scottish Union & Nat. nil. 1,050,636 1,158,020
Seabord F. & M., Texas (fff) nil. (fff)25,470 33,025
Seattle F. & M., Washington nil. 13,500 13,500
Second Russian, Russia 1,238 10,637 11,875
Security Fire, Baltimore. (aaa) (bbb)500,000 (aaa)
Security Fire, Cincinnati, Ohio nil. 22,353 24,783
Security, New Haven, Conn. (ggg)42,796 (ggg)430,967 558,177
Shawnee Fire, Topeka, Kan. nil. 1,800 2,000
Skandia, Sweden 65,769 643,427 709,196
"Soliel" (Sun), Paris nil. 3,000 3,000
Southern, New Orleans 500 2,250 2,500
Springfield F. & M., Massachusetts 115,835 1,617,958 1,702,105
Spring Garden, Pennsylvania (aaa) (aaa) (aaa)
Standard, Amsterdam nil. 3,500 3,500
State Fire, Liverpool, England 124,395 1,043,611 1,168,006
State, Des Moines, Iowa (hhh) (iii)20,000 (hhh)
State, Omaha, Neb. nil. 2,750 2,750
Stuyvesant, N. Y. 27,961 149,778 188,557
Sun, London 249,816 1,674,689 1,924,505
Svea, Gothenburg, Sweden 210,429 830,413 1,040,842
Tanners Mut., Philadelphia nil. 5,892 5,892
Teutonia New Orleans 37,665 307,295 341,000
Thuringia, Erfurt (Included in
figures of Fireman's Fund, which
reinsured it in 1904)
Tide Water, Md. (hhh) (iii)1,250 (hhh)
Traders, Chicago (hhh) (iii)3,748,000 (hhh)
Traders Fire, Toronto 750 2,250 3,000
Transatlantic, Germany (hhh) (iii)4,000,000 (hhh)
Travelers, Pine Bluff, Ark. 1,190 4,230 5,000
Union Assur., London 422,665 3,004,318 3,315,609
Union Fire, Paris nil. 4,469 4,500
Union, Philadelphia (hhh) (iii)500,000 (hhh)
United Firemens, Pennsylvania 48,737 311,552 360,289
United States Fire, New York 47,182 142,336 189,518
"L'Urbaine," Paris nil. 3,469 3,500
Vermont Mutual, Vermont nil. 2,500 2,500
Victoria Fire, New York nil. 46,410 (hhh)
Virginia State, Virginia nil. 5,608 8,093
Wabash, Hammond, Ind. (hhh) (iii)500 (hhh)
Washington, Seattle (hhh) 91,300 (hhh)
Wellington Mutual, Canada 696 3,304 4,000
Westchester Fire, New York 82,581 952,243 1,034,824
Western Assur., Toronto 182,280 1,740,770 1,933,050
Williamsburgh City, N.Y. 330,985 885,901 1,216,886
Wilmington Fire, Delware 1,150 4,100 5,250
York Fire, Toronto nil. (iii)1,000 1,000
"Polar," Bilboa, Spain 100.00
Protector Underwriters. (Included
in figures of Phoenix of Hartford)
Prov. - Washington, Rhode Island 87.13
Prussian National, Germany .........
Queen City Fire, South Dakota 82.56
Queen of America, New York 92.17
Republic Mut., Pennsylvania (eee) .........
Rhine & Moselle, Germany .........
Rochester German, New York 90.81
Rossia, St. Petersburg 92.92
Royal Exchange, London 83.24
Royal, Liverpool, England 93.57
Russian Transport, Russia 87.58
St. Paul F. & M., Minnesota 89.50
Salamandra, Russia 89.14
"Salamandre," Havre, France 79.76
Scotch Underwriters
Scottish Union & Nat. 90.73
Seabord F. & M., Texas 77.12
Seattle F. & M., Washington 10.00
Second Russian, Russia 89.57
Security Fire, Baltimore. .........
Security Fire, Cincinnati, Ohio 90.19
Security, New Haven, Conn. (ggg)77.21
Shawnee Fire, Topeka, Kan. 90.00
Skandia, Sweden 90.72
"Soliel" (Sun), Paris 100.00
Southern, New Orleans 90.00
Springfield F. & M., Massachusetts 95.05
Spring Garden, Pennsylvania .........
Standard, Amsterdam 100.00
State Fire, Liverpool, England 89.35
State, Des Moines, Iowa .........
State, Omaha, Neb. 100.00
Stuyvesant, N. Y. 79.43
Sun, London 87.02
Svea, Gothenburg, Sweden 79.78
Tanners Mut., Philadelphia 100.00
Teutonia New Orleans 90.11
Thuringia, Erfurt (Included in
figures of Fireman's Fund, which
reinsured it in 1904)
Tide Water, Md. .........
Traders, Chicago .........
Traders Fire, Toronto 75.00
Transatlantic, Germany .........
Travelers, Pine Bluff, Ark. 84.60
Union Assur., London 90.61
Union Fire, Paris 99.31
Union, Philadelphia .........
United Firemens, Pennsylvania 86.47
United States Fire, New York 75.15
"L'Urbaine," Paris 99.11
Vermont Mutual, Vermont 100.00
Victoria Fire, New York .......
Virginia State, Virginia 69.29
Wabash, Hammond, Ind. .........
Washington, Seattle .........
Wellington Mutual, Canada 82.60
Westchester Fire, New York 92.02
Western Assur., Toronto 90.06
Williamsburgh City, N.Y. 72.80
Wilmington Fire, Delware 78.10
York Fire, Toronto 100.00
(a) Information not furnished in response to repeated requests. (b) Estimated from best data obtainable, the company ignoring requests for information. (c) Details unobtainable. (d) Approximate ap·prox·i·mate v. To bring together, as cut edges of tissue. adj. 1. Relating to the contact surfaces, either proximal or distal, of two adjacent teeth; proximate. 2. Close together. . (e) Savings by salvage and compromise largely under reinsurance policies; this company paid as per proofs. (f) All claims so far settled, paid at 50%; we insert the actual net loss, not what the company paid. (g) Entire loss through reinsurance; paid in full without discount on receipt of proofs. (h) This company denies all liability. (i) Reported to us in this form; evidently all discounts are deducted de·duct v. de·duct·ed, de·duct·ing, de·ducts v.tr. 1. To take away (a quantity) from another; subtract. 2. To derive by deduction; deduce. v.intr. from item incorrectly in·cor·rect adj. 1. Not correct; erroneous or wrong: an incorrect answer. 2. Defective; faulty: incorrect programming of the computer. 3. styled "gross loss." (j) Approximate figures produce misleading ratio; paid all claims in full without cash discount. (k) Information not furnished in response to repeated requests. (l) Estimated from best data obtainable, the company ignoring requests for information, (m) Details unobtainable. (n) Entire loss reinsurance Providence-Washington. (o) Large deductions due to over-insurance; all claims paid in full as per proofs. (p) Mainly reinsurance German of Freeport Freeport, city, Bahamas Freeport, city (1990 pop. 25,115), Grand Bahama Island, Bahamas. A popular resort area, it developed out of a 1955 agreement between the Bahamian colonial government and a private development company to create a free port and ; will pay same time and manner as German. Details of loss not furnished. (q) All reinsurance of Fireman's Fund; compromised and paid in bulk. (r) Denies liability under earthquake clause. (s) Reinsurance of Austin Austin. 1 City (1990 pop. 21,907), seat of Mower co., SE Minn., on the Cedar River, near the Iowa line; inc. 1868. The commercial and industrial center of a rich farm region, it is noted as home to the Hormel meatpacking company, whose Spam Town museum fire; settled as per proofs. (t) Percentage omitted because misleading; losses not paid. (u) Information not furnished in response to repeated requests. (v) Estimated from best data obtainable, the company ignoring requests for information. (w) Proofs claimed much less than face of policies; claims all paid in full. (x) Will be further reduced by salvage, etc.; amount not stated; estimated by company 13 1/2%. (y) $9,000 loss on two "surplus line" policies; $80,000 loss through reinsurance. (z) Claims filed under three policies were $2,924.71 less than their face; true ratio is therefore 82.71%. (aa) One company in this group denied liability. (bb) Percentage omitted because misleading; losses not paid. (cc) Details unobtainable. (dd) Information not furnished in response to repeated requests. (ee) Estimated from best data obtainable, the company ignoring requests for information. (ff) Details unobtainable. (gg) Approximate. (hh) Excludes a floating policy covering entire United States, under which loss was $13.50. (ii) Company out of business, but reported as involved. (jj) All reinsurance of Traders Traders Individuals who take positions in securities and their derivatives with the objective of making profits. Traders can make markets by trading the flow. When they do this, their objective is to earn the bid/ask spread. of Chicago Chicago, city, United States Chicago (shĭkä`gō, shĭkô`gō), city (1990 pop. 2,783,726), seat of Cook co., NE Ill., on Lake Michigan; inc. 1837. . Liability estimated at 50%. (kk) Earthquake clause in policies. (ll) All reinsurance of Austin fire; paid as per proofs. (mm) Information not furnished in response to repeated requests. (nn) Proofs claimed much more than face of policies; claims all paid in fell. (00) salvage includes savings under "Safety Fund" law. (pp) Loss under reinsurance policy; no proofs filed; loss may be only $1,500. (qq) Company paid amount claimed, less 1% cash discount. (rr) Figures omitted for reason explained on page 32. (ss) Many of these claims still unpaid. (tt) Reported to us in this form; evidently all discounts are deducted from item incorrectly styled "gross loss." (uu) Information not furnished in response to repeated requests. (vv) Estimated from best data obtainable, the company ignoring requests for information. (ww) Details unobtainable. (xx) Company out of business, but reported as involved. (yy) Earthquake clause in policies. (zz) Reported to us in this form; evidently all discounts are deducted from item incorrectly styled "gross loss." (aaa) Information not furnished in response to repeated requests. (bbb) Estimated from best data obtainable, the company ignoring requests for information. (ccc) Details unobtainable. (ddd) Records showed only losses incurred, net. (jjj) Approximate. (eee) Company out of business, but reported as involved. (fff) Loss entirely through reinsurance. (ggg) About $190,000 of gross losses, represents face of reinsurance policies. Original companies settled at 50% and 75% because of earthquake clause, this company paying proportionately pro·por·tion·ate adj. Being in due proportion; proportional. tr.v. pro·por·tion·at·ed, pro·por·tion·at·ing, pro·por·tion·ates To make proportionate. . (hhh) Information not furnished in response to repeated requests. (iii) Estimated from best data obtainable, the company ignoring requests for information. (kkk) Liability assumed and paid by a syndicate Syndicate organized crime unit throughout major cities of the United States. [Am. Hist.: NCE, 2018] See : Gangsterism of stockholders. (lll) No claim yet made. |
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