Download pdf The Weekly Underwriter Volume 56

Download pdf The Weekly Underwriter Volume 56

The Weekly Underwriter Volume 56 by Alasco Delancey Brigham

The Weekly Underwriter Volume 56
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Author: Alasco Delancey Brigham
Number of Pages: 344 pages
Published Date: 01 Mar 2012
Publisher: Rarebooksclub.com
Publication Country: Miami Fl, United States
Language: English
ISBN: 9781130925685
File Name: The.Weekly.Underwriter.Volume.56.pdf
Download Link: The Weekly Underwriter Volume 56
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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. 1897 Excerpt: ...and the disbursements, less dividends, $116,024,317, leaving a balance of $6,375,360 to the good. Let us say that the interest on reserves adds enough to that sum to make it eleven millions. There was an addition of over a million to the liabilities, which would leave the profits of the year at ten millions. A ten per cent, reduction in premiums would have meant over twelve millions less in receipts. We believe that the tendency in fire underwriting is always to lower premiums, not that the underwriter desires to lower his rates, but that he is compelled to it by force of circumstances. In something like a quarter of a century we have never seen rates in fire insurance sustained when companies were making money. Already we hear rumblings of coming trouble, just because we have had three years of extremely small losses. We have been told by underwriters within three months that the days of big losses have gone by, that our building laws are beginning to tell, etc. Let us have rates as low as possible, but let us not deceive ourselves in the belief that the experiences of 1893 will never come to us again, and above all let us not suppose that an increase from 1.08 per cent, to 1.09 per cent., measures the underwriting differences of 1893 and 1895. The authority of the Reliance Marine of Liverpool to do business in Massachusetts was revoked last Wednesday by the insurance department, which, upon examination of the company's statement, found its capital to be impaired by about $7,800. The United States capital of the Reliance is $300,000, $275,000 of which is deposited in New York and $25,000 in Massachusetts. The latest turn in the kaleidoscopic history of the Massachusetts Benefit Life Association occured at a special meeting held last Tuesday, at which Georg...

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