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Proceedings of the Annual Meeting of the Fire Underwriters Association of the Northwest Volume 30

Proceedings of the Annual Meeting of the Fire Underwriters Association of the Northwest Volume 30


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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1899 Excerpt: ...the part of the officials of these States would lead the public to believe so. Their conduct toward insurance companies would indicate that to have accumulated funds sufficient to be able to pay all honest claims, when disastrous conflagrations overtake them, was an offense not to be thought of or tolerated. That for an individual to own scock in a fire insurance company and expect a profit, is an offense not to be condoned, although his capital is exposed to the uncertainties of the loss ratio of this country, and for an insurance man who, by his efforts, tries to improve the condition so far as his business is concerned and to eventually reduce the rapidly-increasing fire waste and lessen the cost of insurance to the public, becomes a common criminal. Men who get into public positions attempt to further their own political interests by unwarranted attacks upon insurance companies, by making statements that are not supported by facts, but are made for the purpose of prejudicing the public against the business and calling attention to themselves. For instance, the Governor of Indiana, in his message to the sixtyfirst General Assembly of that State, said that there was paid last fiscal year, in premiums to foreign insurance companies, $3,606,842.40, and received back on losses $1,536,306.64--a net loss to tne State of $2,070,535.76. A like statement was made by the Attorney-General of Ohio in an interview published in the daily papers of that State. Such statements you and I know are not fair, but the public, for the lack of information, do not, and there can be but one purpose in public officials making them, and that is to deceive and mislead. That such statements regarding the business of fire insurance should go unchallenged, is wrong, and it is the duty...


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Product Details
  • ISBN-13: 9781130524383
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 74
  • Spine Width: 4 mm
  • Width: 189 mm
  • ISBN-10: 1130524388
  • Publisher Date: 01 Mar 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 150 gr


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