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النشر الإلكتروني

DATE OF AD-
MISSION

NAME AND LOCATION.

CLASSIFI-
CATION.

Fire.

April 8, 1899. Equitable Fire Ins. Co., Snow Hill, Md.....

Fire.
May 25, 1899. Fidelity Fire Ins. Co., Baltimore, Md........
April 8, 1899. Globe and Rutgers Fire Ins. Co., New
York, N. Y........

Fire. June 20, 1898. Helvetia-Swiss Fire Ins. Co., St. Gall, Switzerland ....

Fire.
Sept. 22, 1898. Indemnity Fire Ins. Co., New York, N. Y..

Fire.
June 17, 1898. North British and Mercantile of New York,
New York, N. Y...........

...................

Fire.
April 20, 1899. United Fire Ins. Co., Baltimore, Md. .........

Fire.
Oct. 7, 1898. Washington Assurance Co., New York, N.Y Fire.
April 8, 1899. Covenant Mutual Life Ins.Co., St. Louis, Mo Life.
Aug. I, 1898. State Life Ins. Co
State Life Ins. Co., Indianapolis, Ind........
India

Life.
May 20, 1898. Maryland Beneficial Union, Baltimore, Md.. Fraternal.
June 29, 1898. United Fraternal Accident Order, Balti-
timore, Md..........

Fraternal. Nov. 22, 1898. Woodman of the World, Omaha, Neb...

Fraternal.

The following companies have ceased doing business in this State since the publication of the last report:

NAME OF COMPANY.

LOCATION.

CLASSIFICATION

REMARKS.

Ætna Indemnity........... Hartford, Conn. Fidel.and Cas. Retired.
American Protective
League ......
Baltimore, Md... Fraternal. ...... Wm.E.Hoffman,

receiver. Associated Firemen's.. Baltimore, Md... Fire .............. . Absorbed by

Fidelity Fire. Boston Mutual............ Boston, Mass.... Assessment Retired. Buffalo Commercial..... Buffalo, N. Y..... Fire

Retired. Buffalo German........... Buffalo, N. Y..... Fire.

Retired. Eureka Fire & Marine.. Cincinnati, O.... Fire.

Retired. Farmers Mutual......... Wilmington, Del Fire

Retired. Globe Ins. Co............. New York, N.Y. Fire ............ Now the Globe

and Rutgers. Howard Fire............... Baltimore, Md... Fire.............. Absorbed by

United Fire. Insur. Co.State of N.Y. New York, N. Y. Fire..... Retired. Interstate Casualty...... New York, N.Y. Fidel.and Cas. Reinsured. London Guar. & Acci't. London, Eng.... Fidel.and Cas. Lumbermen's Fire...... Philadelphia, Pa Fire

Retired. Manhattan Fire........... New York, N.Y.Fire..

Retired. Manheim Fire............ Manheim, Ger... Fire..

Retired. Merchants and Manfrs. Baltimore, Md... Fire

Retired. National Fire............. Baltimore, Md... Fire .......... Absorbed by

United Fire. National Life Ass'n..... Hartford, Conn. Assessment ... Retired. Norwood Ins. Co... ..... New York, N.Y. Fire

Retired. Reliance Marine........ Liverpool, Eng.. Fire.

Retired. Royal (Mutual).. Baltimore, Md... Fire.

Retired.
Schuylkill Fire........ Philadelphia, Pa Fire

Retired.
Security Fire.............. Cincinnati, O.... Fire... Retired.
State Life...
Indinap'lis, Ind. Life...

Retired.
Transatlantic Fire....... Hamburg, Ger... Fire............ Retired.
United Fraternal Acci-

dent Order............. Baltimore, Md...JFraternal....... Retired.

............

The following table shows the number of companies doing business in this State, and are classified as follows, showing a decrease of fifteen less than 1897: Maryland Fire Insurance Companies............

.............
Maryland Mutual Fire Insurance Companies.......
Other States, Mutual Fire Iusurance Companies...............
Other States, Fire and Fire-Marine Insurance Companies.. 64
Foreign Fire and Fire-Marine Insurance Companies .........
Fidelity and Casualty Companies of this and other States..
Credit Insurance Companies of other States...
Maryland Life Insurance Companies....

.............
Other States, Life Insurance Companies........
Foreign Life Insurance Companies. ...................................
Stipulated Premium Life Insurance Companies.................
Co-operative Assessment Associations and Mutual Aid So-
cieties of this and other States....

........... 8
Fraternal Beneficiary Associations of this and other States.. 27
Total .........

........ ...... 234 BUSINESS OF 1898. The following statement is an abstract of all branches of insurance transacted in this State in 1898. Premiums received and losses paid are therein contained, and it is to be regretted that with but few exceptions, as compared with 1897, it is not an exhibit of gain, but loss. Marine Insurance is one of the exceptions, giving the year an enviable distinction of being profitable.

Our local Surety and Casualty Companies, being aggressive and ably managed, have experienced prosperity during the past year. There has been much unrest and friction in fire business. The prosperous years which have been enjoyed have tended towards disorganization, likewise failing to maintain profitable rates.

You will observe, upon inspection of many of the reports this year, that the chief source of gain will be found in the investment department, resulting from an appreciation in securities rather than underwriting.

The withdrawals from this State have been unusually large during the past year, and illustrates the fact of their inability to endure the competition which now exists.

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COMPARATIVE SUMMARY OF BALTIMORE JOINT STOCK

FIRE INSURANCE COMPANIES.

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Capital..

$2,685,500 $2,505,500 Gross assets...........

7,974,071 7,928,304 Gross liabilities .........

1,498,067 1,407,231 Premiums received.

953,409 810,879 Losses paid ..........

379,581 450,149 Losses incurred...........

425,334 430,764 Gross receipts.............

1,301,315 1,198,794 Gross expenditures..

1,024,569 1,089,025 Amount of risk ............

187,537,683 180,898,137 Surplus......

3,790,485 14,015,572 + Dividends faid...

214,595 212,567 Amount written during the year 141,987,825 133,761,757 1

$180,000

45,747 90,836 142,530 70,568 15,430 102,521

64,456 6,639,546 225,087

2,028 8,226,068

From the above figures it is apparent that the past year has been an unprosperous one for the Maryland companies, the premium receipts showing a decrease of one hundred and forty-two thousand dollars less than those of the preceding year, the losses seventy thousand dollars more. Capital, Assets, Liabilities, etc., all show a very material decrease. The companies of other States and foreign countries have met with a corresponding unprofitable year.

Three local companies have retired since January ist, viz; Associated Firemens, which was absorbed by the organiza. tion of the Fidelity Fire Insurance Company of Baltimore, also the Howard and National, which were absorbed by the organization of the United Fire Insurance Company of Baltimore.

COMPARATIVE SUMMARY OF FIRE INSURANCE COMPANIES

OF OTHER STATES IN MARYLAND.

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Capital.............

........
Assets..........................................
Surplus .....................
Premiums received in Maryland...
Losses paid in Maryland .............
Losses incurred in Maryland......
Amount written in Maryland....

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COMPARATIVE SUMMARY OF FOREIGN FIRE INSURANCE

COMPANIES IN MARYLAND.

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Assets in United States......................... $70,794,519 00
Liabilities in United States.............. 38,258,157 oo
Premiums received in Maryland......... 557,213 00
Losses paid in Maryland.........

219,047 00 Losses incurred in Maryland .....

243,843 00 Amount written in Maryland ........ 61,043,408 00

$68,341,451 55 35,547,893 48

610,832 00 208,310 89

281,912 44 68,274,343 96

LIFE INSURANCE. In the report made a year ago, comment was made upon the increased volume of life insurance effected in this State during the year 1897 as compared with 1896. It is gratifying to note that with continued confidence in the stability of financial conditions and a consequent general increase of prosperity among the people, there has been a considerable gain in the amount of insurance effected during the past year as compared with 1897.

The following figures for new business written in the State of Maryland during the two years are as follows:

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The average amount of policy of ordinary insurance de. creased from $2,340 to $2,061, so that while the number of policies issued increased more than thirty per cent. as compared with the previous year, the amount of insurance effected increased less than fifteen per cent.

The large increase in industrial insurance, as compared with the previous year, is chiefly due to the inclusion in this

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