Life and property/casualty divide.
In November of 1906, the Best's Review changed. Instead of one
publication containing life and property/casualty news, two publications
were created--one for each line of business. In the first life insurance
publication, Mutual Life of New York and New York Life officer elections
were discussed in great length. The story of the candidates and
elections plays out like a soap opera while Best's Review focused
on the interests of policyholders and not politics. The
property/casualty issue of Best's Review focused once more on the
Great San Francisco Earthquake and Fire. With particular attention on
the fires, it was noted that letters were addressed to insurance
companies asking what had been done to protect policyholders, and the
majority replied, "Nothing." Best's Review responded,
"As it turns out, no harm was done by the departments giving this
leeway to hard hit companies, but if there had been another big fire
there would be a different story to tell."