TABLE 1.-Fire and Marine Insurance Companies authorized to transact Business in Massachusetts on Dec. 31, 1937 TABLE 2.-Income, disbursements, premiums, losses, assets, liabilities, and surplus to policyholders, Dec. 31, 1937 TABLE 9.-Massachusetts business-Net premiums written during 1937 : 2 10 18 26 34 42 50 58 66 74 82 120 The Commonwealth of Massachusetts DEPARTMENT OF BANKING AND INSURANCE, DIVISION OF INSURANCE, BOSTON, DEC.1, 1938. To the General Court of Massachusetts: The Commissioner of Insurance hereby submits Part I of the eighty-third annual insurance report. This volume contains information relating to fire and marine insurance companies, and at the end thereof is published, as required by law, the entire report of the Division of Fire Prevention of the Department of Public Safety. It contains also various statistical tables, among them Table No. 11, which shows the sources of gain or loss in the surplus of the companies during the year 1937. In the statements filed with this Department as of December 31, 1937, companies were permitted to value all bonds which were amply secured and not in default on an amortized basis or to use Convention rates provided in the aggregate they did not exceed the amortized values. On bonds not qualifying for amortization and on stocks Convention values were allowed. The following companies of the classes covered by this volume were authorized to transact business in this Commonwealth subsequent to the date of the last report, or in 1938 prior to the date of this report: The following companies of the classes included in this volume ceased to have authority to write business in this Commonwealth subsequent to the date of the last report, and in 1938 prior to the date of this report:— The corporate names of the following companies were changed as indicated: Central Fire Insurance Company of Baltimore to Central Insurance Company of Baltimore on March 7, 1938; National Security Fire Insurance Company to National Security Insurance Company on February 24, 1938; Hardware Mutual Fire Insurance Company of Minnesota to Hardware Mutual Insurance Company of Minnesota on May 20, 1938. DEPARTMENT EXAMINATIONS. The following fire and marine insurance companies were examined by this Department during the year 1937: Years 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 Totals INSURANCE COVERING FIRE AND ALLIED LINES DURING 1937 Massachusetts Business for the Ten Years beginning with 1928 1 These amounts have been reduced by the estimated dividends payable on the mutual premiums. |