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Cyclopedia of Insurance

IN THE

UNITED STATES

1918

Established in 1891 by H. R. HAYDEN

Copyrighted 1918 by

R. B. CAVERLY

R. B. CAVERLY, PUBLISHER
HARTFORD, CONN.,,,
1918

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AGENT, TERM DEFINED . . . . . . . . . . . .

ANTI-COMPACT LAWS

OMPACT LAWS : . . . . . . . . .

BROKER, TERM DEFINED

CANCELLATION

CANCELLATION

:

. . . . . . .

Co-INSURANCE CLAUSE ..

COMPANIES, ORGANIZED OR PROJECTED, 1917

CONFLAGRATIONS . . . . . . . .

DEATH ROLL . . . . . . . . . . . .

DISCRIMINATION IN RATES, LAWS AGAINST .

EASTERN UNION . . .

FACTORY INSURANCE ASSOCIATION :

FIRE MARSHAL DEPARTMENTS — CHIEF OFFICERS .

FIRE MARSHAL LAWS . . . . .

FIRE UNDERWRITERS' ASSOCIATION OF THE NORTHWEST

FIRE UNDERWRITERS' ASSOCIATION OF THE PACIFIC

FIRE UNDERWRITERS ELECTRICAL BUREAU . . . . .

HAILSTORM INSURANCE . . . . . . . . .

INSURANCE DEPARTMENTS, CHIEF OFFICERS . .

LIMITATION OF RISKS IN FIRE UNDERWRITING

LLOYDS AND INTER-INSURERS

LLOYDS, LONDON . . . . . . . . . .

NATIONAL ASSOCIATION OF LOCAL AGENTS. ..

NATIONAL AUTOMOBILE UNDERWRITERS CONFERENCE .

NATIONAL BOARD OF FIRE UNDERWRITERS

NATIONAL FIRE PROTECTION ASSOCIATION .

NEW ENGLAND BUREAU OF UNITED INSPECTION

NEW ENGLAND INSURANCE EXCHANGE ..

NEW YORK BOARD OF FIRE UNDERWRITERS

NON-CONCURRENT POLICIES APPORTIONMENT

OFFICIAL CHANGES IN FIRE INSURANCE COMPANIES

POLICY FORMS AND LAWS . . . . . . . .

RECEIPTS FROM AND REMITTANCES TO HOME OFFICES

REINSURANCE AND SURPLUS FIRE LAWS . . .

REINSURED, RETIRED AND FAILED COMPANIES. .

RENT INSURANCE . . . . . .

RESIDENT AGENTS' LAWS

RETALIATORY OR RECIPROCAL LAWS

SHORT RATE TABLE . . . . . .

SOUTHEASTERN UNDERWRITERS ASSOCIATION

STATISTICS OF FIRE INSURANCE COMPANIES

UNDERWRITERS' AGENCIES . . . . . . .

UNDERWRITERS' ASSOCIATION OF THE MIDDLE DEPARTMENT

UNDERWRITERS' LABORATORIES . . . . . . . . .

USE AND OCCUPANCY INSURANCE . . . . . .

VALUED POLICY-LAWS': .. . .::: i . . .

WESTERN FACTORY INSURANCE ASSOCIATION . . . .

WESTERN INSURANCE BUREAU . . . . . . . . . .

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274

LIFE, CASUALTY AND SURETY SECTION

Page
ACCIDENT INSURANCE . ..

211
ACIUARIAL SOCIETY, . .

214
AMERICAN INSTITUTE OF ACTUARIES. .

224
AMERICAN EXPERIENCE TABLE OF MORTALITY. ..

227
AMERICAN LIFE CONVENTION . . . . . . .

228
ANNUITIES . . . . . . . . . . .

232
ANTI-REBATE Laws . . . . . . . . . . .

232
ASSOCIATION OF LIFE INSURANCE PRESIDENTS. .

236
BURGLARY, INSURANCE AGAINST . . . . .

242
CALEF LOVING CUP . . . . . . . . . .

244
CASUALTY ACTUARIAL AND STATISTICAL SOCIETY
COMPANIES ORGANIZED OR PROJECTED IN 1917 .

253
CORPORATE SURETYSHIP

256
CREDIT INSURANCE . .

258
DEATH ROLL

259
DIVIDENDS . . . . . . . .

264
EMPLOYERS' LIABILITY INSURANCE

266
ENDOWMENT . . . . . .

267
.
FLY-WHEEL INSURANCE . . . . . .

272
FOREIGN BUSINESS, AMERICAN LIFE COMPANIES

273
FRATERNAL ORDERS.
GROUP INSURANCE . . . . . . . . . . . . . . . .

289
HEALTH AND ACCIDENT UNDERWRITERS' CONFERENCE

291
HEALTH INSURANCE
INDUSTRIAL LIFE INSURANCE
INSURANCE JOURNALISM . . .

299
INTERNATIONAL ASSOCIATION OF CASUALTY AND SURETY UNDERWRITERS. 303
LIVE STOCK INSURANCE . . . .

319
MUTUAL . . . . . . . . . .

333
MUTUAL LIFE UNDERWRITERS . .

335
NATIONAL ASSOCIATION OF CASUALTY AND SURETY AGENTS. .

338
NATIONAL ASSOCIATION OF LIFE UNDERWRITERS
NATIONAL INSURANCE CONVENTION ..

345
OFFICIAL CHANGES IN 1917 ..

362
PARTICIPATING — NON-PARTICIPATING

366
POLICY FORMS AND LAWS.

371
RECEIPTS FROM AND REMITTANCES TO HOME OFFICES,
RE-INSURANCE, RETIRED AND FAILED COMPANIES IN 1917 .
RESERVES IN LIFE INSURANCE . .

410
SOUTHERN INDUSTRIAL INSURER'S CONFERENCE

417
SPRINKLER INSURANCE . . . . . . . . . . . . .

419
STATE INSURANCE FEDERATION

420
STATEMENTS, LATEST DATES FOR FILING . . .

424
STATISTICS OF LIFE AND CASUALTY COMPANIES

426
STEAM BOILER INSURANCE

426
SUB-STANDARD LIVES

426
TAXATION. .

. . . . . . . . . 431
WORKINGMENS' COMPENSATION INSURANCE . . . . . . . . . . . 449

BIOGRAPHICAL SKETCHES.. . 459

295
298

338

Y

)

408
408

Press of LORING-AXTELL COMPANY

Springfield, Mass.

Annual Cyclopedia of Insurance.

AACHEN AND MUNICH FIRE INSURANCE COMPANY of Aix-la-Chapelle, Germany. The company was required to cease business in 1917 under provisions of “Trading with the Enemy" act, and in May, 1918, its United States business was reinsured in the Tokio Marine and Fire Insurance Company, Tokio, Japan.

ABANDONMENT. In marine insurance the relinquishment of an insured ship or cargo to the underwriters when the same is damaged and the claim is for a total loss. There is no abandonment in fire underwriting.

• ABEILLE FIRE INSURANCE COMPANY, Paris, France. Starkweather & Shepley, Inc., United States managers. Geo. L. Shepley, president; Emil G. Pieper, superintendent of agencies.

ABINGTON MUTUAL FIRE INSURANCE COMPANY, Abington, Mass. Incorporated 1856; began business 1857. Isaac C. Howland, president; Edgar H. Thompson, vice-president; Alfred H. Nash, secretary and treasurer.

ADJUSTER. The business of an adjuster as known in American fire insurance is to examine into losses and settle upon the amounts due. He is a regular employee of the company, usually, although there are some independent adjusters who work for any company employing them, temporarily, or on particular losses. In most cases, also, the adjuster acts as appraiser except where an official or technical appraisement is to be had. The General Adjustment Bureau was organized in 1905 to have charge of adjustments throughout the eastern district of the United States. It is an incorporated body. Similar bureaus have been organized in other sections of the country, and as a rule have been a success. The National Board of Fire Underwriters in 1912 appointed a committee on adjustments, which was charged particularly with the work of preparing a system for adjusting large conflagration losses. While there are still individual and independent adjusters much of the work of adjusting losses, except small losses, is done through the bureaus.

ADJUSTMENT. In fire insurance practice in the United States this work covers the act of the adjuster in settling a loss as well as its apportionment between different insurers. The latter is sometimes difficult and puzzling in the case of non-concurrent policies. See Non-Concurrent Policies – Apportionment.)

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