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INSURANCE COMMISSIONER

OF THE

COMMONWEALTH OF PENNSYLVANIA

PART I
FIRE AND MARINE INSURANCE

HARRISBURG, PA.:
WM. STANLEY “o4STATE PRINTER

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FORTY-FIRST ANNUAL REPORT

OF THE

INSURANCE COMMISSIONER

PART I.

FIRE AND MARINE INSURANCE

PENNSYLVANIA INSURANCE DEPARTMENT Harrisburg, July 1, 1914. To the Honorable the Senate and House of Representatives:

The Insurance Commissioner has the honor to transmit herewith the first part of the Forty-first Report of the Insurance Department showing the condition on the thirty-first day of December, 1913, of the fire and marine insurance companies doing business in the Commonwealth and also the character and amount of business trans.

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The following summary shows in brief the condition and business of the joint stock companies of Pennsylvania in 1913, as contrasted with that of 1912:

1912 1913 Number of companies . . . . . . . . . . . 29 27 Assets, . . . . . . . . . . . . . . . . . . . . . . . . $73,247,866 17 $72,282,751 00 Liabilities, except capital, . . . . . . 41,569,259 97 41,744,677 97 Capital, . . . . . . . . . . . . . . . . . . . . . . . 14,950,000 00 14,462,500 00 Surplus, . . . . . . . . . . . . . . . . . . . . . . 16,728,606 20 16,075,573 49 Premiums received, . . . . . . . . . . . . 34,043,722 17 33,049,003 00 Total receipts, . . . . . . . . . . . . . . . . . 37,363,492 03 36,457,557 13 Losses paid, . . . . . . . . . . . . . . . . . . . 18,583,951 14 18,518,891 00 Dividends paid, . . . . . . . . . . . . . . . . 1,982,791 20 1,936,727 38 Total disbursements, . . . . . . . . . . . 34,685,031 17 34,698,660 99 Risks in force, . . . . . . . . . . . . . . . . . 5,593,918,164 78 5,780,274,794 43

The American Fire Insurance Company of Philadelphia, capital $200,000 merged and consolidated with the Insurance Company of the State of Pennsylvania, its policy liability with the exception of the perpetual risks, being reinsured with the Globe and Rutgers Fire Insurance Company of New York. The Lincoln Fire Insurance Company of Chambersburg, capital $100,000, reinsured is entire policy liability with the National Fire Insurance Company of Hartford, Connecticut, and has retired from business. The American Union Fire Insurance Company of Philadelphia, capital $500,000 was found on examination to be insolvent, and it was dissolved by the Court of Dauphin County on March 26, 1913, and the Insurance Commissioner authorized to liquidate its affairs. The North Branch Fire Insurance Company of Sunbury, increased its capital from $100,000 to $112,500.00. Since the date of the last report the following companies of other states and foreign countries have complied with the law and have been authorized to transact business in the State:— Anchor Fire Insurance Company, Des Moines, Iowa, capital, $200,000. Automobile Insurance Company, Hartford, Conn., capital, $300,000. Columbian National Fire Insurance Company, Detroit, Mich., capital $902,650. International Re-Assurance Company, Vienna, Austria. Knickerbocker Insurance Company, New York, N. Y., capital $250,000.

Netherlands Fire and Life Insurance Company, The Hague, Holland. Paternelle Fire Insurance Company, Paris, France. {rbaine Fire Insurance Company, Paris, France. Union Fire Insurance Company, Bangor, Maine, capital $300,000. Vulcan Fire Insurance Company, San Francisco, Cal., capital $500,000. American Mutual Fire Insurance Company, Providence, R. I. Enterprise Mutual Fire Insurance Company, Providence, R. I. Firemen's Mutual Fire Insurance Company, Providence, R. I. Grain Dealers National Mutual Fire Insurance Company, Indianapolis, Ind. Manufacturers' Mutual Fire Insurance Company, Providence, R. I. Mechanics' Mutual Fire Insurance Company, Providence, R. I. Millers' Mutual Fire Insurance Company, Fort Worth, Texas. Rhode Island Mutual Fire Insurance Company, Providence, R. I. State Mutual Fire Insurance Company, Providence, R. I. In addition to the above the following Reciprocal or Inter-insur. ance organizations have been authorized to transact business in this State under the provisions of the Act of 1913: American Exchange Underwriters', Weed & Kennedy, Attorneys. in-fact, New York, N. Y. Canners' Exchange Subscribers, Lansing B. Warner, Inc., Attorneyin-fact, Chicago, Ills. Druggists' Indemnity Exchange, H. W. Eddy, Attorney-in-fact, St. Louis, Mo. Individual Underwriters, Alfred G. Evans, Attorney-in-fact, New York, N. Y. Manufacturing Lumbermen's Underwriters, Rankin & Benedict Underwriting Company, Attorneys-in-fact, Kansas City, Mo. New York Reciprocal Underwriters, Alfred G. Evans and Edward B. Swinney, Attorneys-in-fact, New York, N. Y. Reciprocal Exchange, Bruce Dodson, Attorney-in-fact, Kansas City, Mo. Underwriters' Exchange, H. J. Straight, Attorney-in-fact, Chicago, Ills. Since the date of the last report the following companies have withdrawn from the State:— California Insurance Company, San Francisco, Cal., capital $400,000. Calumet Insurance Company, Chicago, Ills., capital $300,000. Eastern Fire Insurance Company, Atlantic City, N. J., capital $200,000. Franklin Fire Insurance Company of Washington and Georgetown, D. C., capital $250,000.

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