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 : . AGENT, TERM DEFINED . . . . . . . . . . . . OMPACT LAWS : . . . . . . . . . COMPANIES, ORGANIZED OR PROJECTED, 1917 CONFLAGRATIONS . . . . . . . . DEATH ROLL . . . . . . . . . . . . DISCRIMINATION IN RATES, LAWS AGAINST . FACTORY INSURANCE ASSOCIATION : FIRE MARSHAL DEPARTMENTS — CHIEF OFFICERS . 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, 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. . RETALIATORY OR RECIPROCAL LAWS 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 . . . . . . . . . 246 274 LIFE, CASUALTY AND SURETY SECTION Page 211 214 224 227 228 232 232 236 242 244 253 256 258 259 264 266 267 272 273 289 291 299 319 333 335 338 345 362 366 371 410 417 419 420 424 426 426 426 . . . . . . . . . 431 BIOGRAPHICAL SKETCHES.. . 459 295 338 Y ) 408 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.) |