Document RJGQ2YN3B9rojv4E1Y389weKk

FILE NAME: Insurance Industry (INS) DATE: 1932 Dec 15 DOC#: INS061 DOCUMENT DESCRIPTION: Article from The National Underwriter - Occupational Diseases Are Not Generally Understood w *H w n COUfil fon - f > i i ,1 l 28 CASUALTY I ^ U - V L b ^ . | D' l 'if /Z THE NATIONAL UNDERWRITER / J^j ^ OccNupoat tiGoennael rDalilsyeaUsensdAerrsetood Scrutinize Injury Award* SomMeoCrearCriaetress NtoowGoPetormTi Where Insurance It Factor HAZARDS SHOULD BE STUDIED PIERRE, S. D,, Dec. H.--Jury ver BACKBONES A R E STIFFEN dicts in cases where liability insurance Inert* of Problem and Nw PUn of is involved will be scrutinised "with Seek to Eradicate Notion Settlemer National Council Demand Better care" by the South Dakota supreme court, jt was stated when the court re Always Effected When Atlorne Field Knowledge duced from ,12,000 to ,7,000 an injury la Employed award to T. J. Biggin of Sioux Falls, S. D. The growing seriousness of the occu Holding that the , 12,000 awarded by NEW YORK, Dec. 14.--In vie* pational disease problem in underwrit the Minnehaha county circuit court was the fact that to many automobile ing wdtkmen's compensation, and filing excessive, the court took cognizance of bility claims are coming through t " the National Council on Compensa the fact that the jury was informed days with attorneys' heus attache tion Insurance of a schedule of so-called that the defendant, C. R, Wagner, ear number of the large casualty comp; hweard weights" in Michigan, to be ned liability insurance. have adopted the policy oi permr applied in other non-regulated states as more cases to go to trial than form spoldily as possible, makes necessary These companies feel that the n< ^son^e understanding of the various dis Lloyd* of America Agency " which come under this classifica- should be eradicated that a scitlei can always be obtained when an a tlO i Men Now Hitting Stride ney is employed. There is a notici luriously enough, there are many stiffening of the backbone on the underwriters who do not know a great The new Lloyds Insurance Company of many companies and a dispos dqat about occupational diseases. For of New York, formed by the consoli not to be gouged in unwarranted < instance, silicosis is recognized as one of dation of the Lloyds Casualty, Consti merely because an attorney is > jfhc most hazardous of these ailments arising from industry, it resulting from tution Indemnity and the Detroit Fi etted. Some executives are ' watching inhalation of dust in stone cutting proc delity 6c Surety, has been licensed in Illinois. New York, Pennsylvania, policy anxiously. Although many i esses. However, it is not generally known that the wet method of stone Michigan and other states have also is which are permitted to go to trial seem to be air tight so far as the grinding and polishing is actually more sued licenses. The branch office of the Lloyds Casualty in Chicago will be the pames are concerned, in a few j hazardous than the dry method. branch for the consolidated company. when the case comes to trial, witro may have disappeared or have beer W*t Hethed Meat Haaardase The consolidated company shows assets proached by counsel for the plaintiff It is generally assumed that when of $12,391,440, loss reserve $4,920,933, premium reserve $2,620.233, contingent induced to change their story. The Water is used to retain the dust and keep it from flying, no other protection is reserve $500,000, security depreciation ture may change in a few years am plaintiffs case may teem stronger, needed. An agency engineer and a home reserve $1,164,433, capital $1,000,000, net ecutives can appraise their liability office underwriter recently passed such surplus $1,500,000. Vice-presidents D. M. Maggin and some degree of accuracy when u a risk upon the explanation it was a wet grinding process, after ordering cancel Ralph J. Daly are in Chicago visiting ments are effected, but they are not what the experience will be if a li lation on the assumption that it was the the branch office and F. P. Stanley, the number of cases are permitted to p dry method. new vice-president and head of the trial. The results will not be knowt While inhalation of the dry particles, agency department, will be in the city several years and in the mean time especially over a long period, is almost after Jan. 1. The Lloyds Casualty peo amount of liability is indcterminat> certain to cause some degree of silicosis, ple are out on the firing line visiting Despite this uncertainty, a numb nevertheless the lungs are able to expel agents in various sections. Mr. Stanley is in New York state this week. Vice executives feel that the comp; many of these particles. It is explained, however, that when a workman inhales president Franklin Vanderbilt is on an sooner or later mast adopt a more compromising attitude. The numb the stone dust in a moist condition, as agency visit. Russell S. Chaloner has been ap attorneys who are preying upon 11 it is thrown off to some degree in the grinding operation, the particles more pointed manager of the casualty depart ance companies is growing all the and the fear is that if the comp; easily find permanent lodgment in the ment at Chicago and R. L. Gueydan, who has been in charge of surety there continue to capitulate, the evil wil lungs. It is evident from this illustra tion that it behooves underwriters to for the Detroit Fidelity 6c Surety, con crease tions. by almost geometrical pr< . make a closer study of the nature of tinues in that capacity with Lloyds. T. these diseases. J. McNally has resigned as manager of the office. Van Schaick Defend* Pow e -- Some of the more hazardous occupa tions involving occupational diseases on Mr. Chaloner's la*t connection waa Briefs have been filed in behal which the companies for some time have with the Royal Indemnity at Chicago. Superintendent Van Schaick of been refusing agencies the nght to bind or issue policies, even in emergency He was manager there for five years for the Norwich union Indemnity at Chi York in the case involving the rig! the department to assess fines ag cases, are: - cago and was connected with the Trav insurance companies for violation Rock excavation--silicosis; quarries, elers there for seven years, most of the the insurance law. The case is b stone crushing, hatters* fur manufactur time having the title of assistant man the New York court of appeals or ing; hat manufacturing--not straw or ager. He is a former president of the peal from the order of the app cloth, all operations excluding hatters* Insurance. Club of Chicago. division voiding in part a determin fur manufacturing; fur manufacturing, cleaning and dyeing, rubber reclaiming, Motion W u Dismissed of Superintendent Van Schaick ag the now defunct New Jersey Fidelt rubber goods manufacturing, rubber tire Judge Harry M. Fisher of the circuit Plate Glass, which in October a manufacturing, wire insulation, artificial court at Chicago has denied the motion ago was fined $10.000 by the depart leather, type foundriesTbaftery manufac- for the appointment of a receiver for the for violation of sections 141 and 1 \ turing--storage; airplane manufacturing, American Mutual Indemnity and held in the writing of automobile polici \ cement manufacturing, emery works, that the company had the right to col Counsel for the New Jersey Fx 1 stone cutting and polishing, asbestos lect assessments from its policyholders. 6c Plate Glass contends that a 1 goods manufacturing--N. O. C,: aifies- A considerable part of the collections against the company should have 1Tos goods manuiacturing-TflPinning and have already been made and the remain turned over to the attorney-general 4weaving; paint manufacturing, Teadman- der is in progress. suant to section 2 of the public oft uTacfu'ring*--red or white; chemical and law. dyestuff rating plan; acid manufacturing, Barred from California N. O. C., heavy, medium, light. According to legal notice appearing M edical F e a tu re A pprove The companies have been requiring in Dec. 13 in San Francisco papers, signed Virtually all states have now apt such cases that a questionnaire form be executed with any information in the by Commissioner Mitchell, the Benja min Franklin Bonding 61 Indemnity has the medical reimbursement fe adopted by many oi the personal agency's possession and forwarded to no further authority to operate in Cali dent and health companies. At tfi the company for advices as to what re fornia as the result of its failure to re cent gathering of insurance con quirements will be imposed. Any processes involving asbestos are pair a deficiency of more than $190,000 in capital. Following the original noti sioners in New York City, the si committee endorsed the pro rata ( considered especially hazardous, for thefication by Mr. Mitchell 60 days ago, asbestos fibers appear to be difficult tothe company's officials charged at ture of the reimbursement form. expel from the lungs. tempted solicitation of a bribe of $10,000 McManus Elected Director on the part of a department employe. J. H. McManus, general agent o Seta Time Limit on Oaims L ew is L o au v ille CU im M an ag er Maryland 'Casualty at Hartford many years, has been elected a dir NEW YORK. Dec. 14--As liquidator R. N. Lewis, formerly with the claim of the company. of the New Jersey Fidelity 6c Plate department of the Travelers in Milwau Glass of Newark. Commissioner Kelly kee, has been appointed claim depart Mrs. L. R. Swcxey, wife of the of New Jersey has formally notified ment manager in Louisville, succeeding dent vice-president of the Globe In that ail claims against the defunct ear W. A. Reedy, who has been transferred nity at San Francisco, died at Piedi ner must be filed with him on or be to St. Louts. Cal.. Dec. 11 following a long Urn fore Dec. 31. 1032.