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SUMMARY OF CONTENTS.
No. VI, New York Mutual Fire Insurance Companies........... ccxlix «
Marine Insurance Companies.
No. XVI, Life Policies issued and terminated ............ cclxxxiii«
Fire and Fire-Marine Insurance Companies of other States............... 267 " 383
385 1 407
New York Marine Insurance Companies..................................
419 66 449
Central Park Fire Insurance Company-Statement.....
LIFE INSURANCE COMPANIES.
New YORK STATE LIFE INSURANCE COMPANIES. The following new Companies have been organized since the date of the last Report: List of Life Insurance Companies organized during the calendar year 1867
and the first three months of 1868.
Name of Company.
Date of organization.
1. Excelsior Life Insurance Company ..
May 7, 1867.. 2. Provident Fund and Life Ins. Co..... Now York ... Oct. 11, 1867.. 3. Standard Life Insurance Company... New York ... Oct. 12, 1867.. 4. American Tontine Life & Sav. Ins. Co. New York ... Jan. 7, 1868..
$125,000 300,000 125,000 125,000
Changed from a Casualty to a Life Insurance Company.
Name of Company.
Date of change.
National Travelers Insurance Company |
Now York ... Mar. 24, 1868.. $200,000 Metropolitan Life Insurance Company |
The Asbury Life Insurance Company of New York, a new and promising institution, is nearly ready to receive its certificate of complete organization.
A new Company is also contemplated at Batavia, Genesee County, to be styled the Western New York Life Insurance Company
The Directors of the Provident Fund, after a few weeks experience of the expense and difficulties attending the establishment of a new Company on a solid and perma nent basis, and in consequence of a want of harmony in the Board, have decided to discontinue business and to dissolve the corporation.
The Excelsior, the Standard, and the American Tontine exhibit the signs of a healthy vitality and are managed by able and energetic executive officers.
The National Travelers Insurance Company, which was incorporated May 5th, 1866, as a Casualty Insurance Company, now appears as a pure and simple Life Insurance Company, unembarrassed by any of the complications of in Accident and Casualty Insurance business. This change was effected with the approval of the Superintendent under and by virtue of a special Act of the Legislature (see Chap. 49, Laws of 1868), and the Company now starts almost de novo as the Metropolitan Life Insurance Company with the advantages of considerable experience in business and of several agencies already established.
The calendar year 1867 shows only four new Life Insurance Companies, incorporated during the year, one of which disappears almost at birth, leaving three only as against five new Companies in 1866, and three already nearly organized (including the Metropolitan) in the year 1868. The additional new Companies already projected for 1868 will doubtless mark its calendar as incorporating the largest number of Life Insurance institutions of any year in our State history.
The eleven charters following of Companies yet unorganized are now on file:
Life Charters of Companies not yet organized, on file April 1, 1868.
Name of Company.
Date Charter filed.
1. Indisputable Life Insurance Company..... New York ... February 26, 1864 2. Cosmos Tontine Life and Re-insurance Co. New York .. August 16, 1864 3. Franklin Life Insurance Company ........ New York ... June 21, 1865 4. Provident Savings and Life Insurance Inst. New York .. December 11, 1865 5. Protection Life Insurance Company ....... New York ...
6, 1866 6. Albany Life Insurance and Annuity Co....
1, 1867 7. Homopathio Mutual Life Insurance Co.... New York November 23, 1867 8. Fraternal Mutual Life Insurance Company. New York, November 30, 1867 9. Asbury Life Insurance Company .......... New York. December 23, 1867 10. Craftmons Life Assurance Company....... New York February 6, 1868 11. First Nat'l Eclectic Assur. Soo. of the U.S. New York ... March 20, 1868
The Asbury will organize in a few days; the Homepathic will also doubtless soon succeed in obtaining the