Document ZJkJ8Qy9156x4pnXyK1RQj9O0

FILE NAME Insurance Industry INS DATE 1936 June 19 DOC INSO22 DOCUMENT DESCRIPTION Article from The Eastern Underwriter - Prevention Feature of Dust Disease Laws Cited t I I | | \ I r June 19 1936 035 035 035 aD Fe TH >TE HE EASTERN UNDERWRITER i Prevention Feature Of [ partial disability due to dust diseases In cases of temporary or permanent to- Bank RecoveRrsecoversUnder Dust Disease Laws Cited tal disability or death compensation shall not exceed 500 if such disablement or Depositor Forgery Bond at ITS LEHMAN ON SIGNIFICANCE | death occurs during the first calendar month in which this act becomes effect- INVOLVED GENERAL INDEMNITY - Lower Occupational Disease Rates in N. Y. Result of Bills Just Signed Their Effect Outlined Compensation insurance underwriters in New York anticipated this week appropriate changes in occupational discase rates for industries subject to dust hazards which will reflect the reduction in cost indicated by the new amendment to the workmen's compensation law 1VE Thereafter the total of compensation payable for such disability or death shall increase at the rate of 50 each calendar month the amount payable being deterunned by the total payable in the month in which disablement or death occurs In no event however shall such compensation exceed 3,000 No pay- ments shall have to be made into special funds in cases of death where there are no persons entitled to compensation L a In Chase Baik Case N. Supreme CL Decision Deleats Claim for Contribu tion from Blanket Bond Insurers Justice Jules Miller sithag at Ten of the Supreme Court New County has landed down a focen^> cision 10 jay of the Chase Audioner Bank of New York City alioway clam the amount of 15,395 ajanst the Genital indemnity Corp of Schwartzwald bill Senate Intro No. 1084 This bill signed by Gov. Lehman on June 6 along with Schwartzwald's Senate Intro No. 1559 setting aside 50 000 for a study of how best tu cimunale hazards to life and health from occupa- tional diseases became effective June 6 A few days later the Compensation In- surance Rating Board of New York filed with Superintendent of Insurance L. H Pink its proposal for appropriate rate changes Another bill signed Governor Crews measure by the Assen- bly Intro No. 1356 appropriated 100,000 for the prevention of silicosis and other dust discases These measures are now respectively Chapters of the laws of 1936 887 888 and 889 Impressed by Prevention Feature 25 Maximum 8 Minimum Indemnity Weekly Compensation shall be payable from the eighth day following total disablement at the rate of 66 % of the aver- 25 age weekly wage with a maximum of per week and minimum of 8 per week In the event of death dependents shall receive any balance renaming be- tween the amounts paid for disability and the total compensation payable under this article All clainis for compensation resulting from inhalation of harmful dust where the last exposure occurred between the effective effective date of this act and September , 1935 shall be barred unless filed with Continued on Page 36 ica in liquidation upon depositor depositor 7 ded gery bonds which it issuta in ... 1 General Motors Corp. as the und . its depository banks The aint lowed represent the net man ( losses through the payment of bige checks drawn on the of (avisei Motors and paid by the Bank Chast Nationa This decision represents the list of ported instance where a depository bans has actually oblamed a decision me 1 favor under : depositor's forgely 1 The and where it has beca determined os 4 matter of law that a depositor's depositor's bond insurer is not entitled entitled blanket tion from bankers for 15 to contou bond contou 011 SULCTS Liquidator Disallowed Claim When the forgeries were discovere discovere It was the prevention legislation which most Lehman and he said feature of impressed this Gov Its importance in my opinion out- weighs any deficiencies that may exist in the proposed legislation although I will frankly admit that certain provisions of this legislation are not at all to my liking and that they run contrary to what believe to be sound principles of workmen's compensation laws But the protection man from exposure to of the working- working- conditions which develop silicosis and other dust diseases is a very long step forward Hereafter employers must use dust and elimination _ devices approved by the industrial com- missioner This will be true both with respect to private employment and pub lic projects It should very greatly lessen the silicosis hazard and reduce dis- ease and death resulting therefrom An appropriation of 100,000 is made to enable the industrial commissioner to enforce this preventive requirement Furthermore it is provided that 50,000 annually commencing July 1 1936 and extending to June 30 1941 can be taken from the state vocational rehabilitation fund for the purpose of making studies to prevent dust diseases to devise methods of eliminating such hazards and to disseminate information to achieve the maximum degree of prevention This feature of prevention as I have indicated is the long run benefits that tremendously helpful social point of view from The will be obtained from ef- fective prevention are of the greatest significance to present and future work- ers in these industries and of impor- tance equal to that of providing com- pensation to the unfortunate worker who has been affected by silicosis or other dust diseases Effect of New Law The effect of new Chapter 887 which amends the compensation law by adding a new article thereto relating to dust discases has been outlined by the Association of Casualty & Surety Executives and its memoranda on the subject made available to companies writing the cov erage in New York State It reads The poley of the legislature is ex- pressed as prohibiting any of medical examinations as Sity to employment requirement a prerequi- The industrial commissioner and industrial board are required to pro gate rules for the maintenance of the nulden vices designated to eliminate harmful dusts and to control the incidence of silicosis and similar diseases a No compensation shall be payable for Invisible Armor Dwellers in National invisible armor They Surety Town are protected by an are secure against the swift unex- pected thrusts that have wrecked so many businesses and so many business careers National Surety Fidelity Bonds give an invisible but certain protection A National Surety Fidelity Bond is a tribute to employer and employe alike Only those with clean honorable records may live in National Surety Town And those protected by National Surety Fidelity Bonds with their dependents equal the combined populations of Philadelphia and Chicago National Surety representatives everywth hee mser lve es picked men selling Fidelity protection plus protection against burglary forgery and many other dangers NATIONAL SURETY CORPORATION VINCENT CULLEN PRESIDENT ONS 1936 New York = ou ure t sr June 19 1936 0.36 rning Dividends -y W. Lafrentz LARGE GOLF TOURNAMENTS Ass'n N. J. Surety Lake New York Played Club at Rock Winners at Echo Shelter Guaranty United States Fidelity & with which is affiliated Ca Chairman of the Board Surety Company of New York combina is seeking or an- n for the Honey or so the those se- must have es how- scramble them in cern thus or brief nds it is must grad- grad- questquesitiono- qnuest-ion- n't as uries self ve capac himself edit up hich he is elit tossof the it ray In that uld term vitalivine ns1 51that are He will very step ge of his and beal Suc nsue dis- tribution from time to time of tangible usible dividends These being of a material nature are tion by the physical capable senses of percep And there are those who are content to go along so long as they are the recipients of these outward manifestations of success and ask no questions The Invisible Intangible Dividend Not to them then but to those whose hearts and minds are attuned to the infinite is transmitted in addition thereto that thing of the spirit the invisible intangible dividend that almost indefin- able something which is based upon the conscientious conduct of the affairs affairs of an by undertaking by its representatives representatives ; reason of the fairness the considera- tion with which they treat all with whom they come in contact inclusive of those who are subserv the way it almost to them and by Sably follows that they adopt the method sued by their superiors for as the master So the man you know All will thus move forward in unison inspiring respect and confidence on fovery hand as they go designated as Tangible asset commonly which is a dom- rant factor all regulated con- Corns The thinking participants will feel a keen satisfaction satisfaction in their association with an institution that is trusted and es- teemed in the business world generally and thus partake of the congenial at- mosphere such a and envelops , which means that they became the recipients of in- visible dividends ~ From June issue of American Surety Bulletin cal Two of the largest casualty golf tournaments in recent years have been held within the past week re- spectively by the Surety Underwriters Association of New Jersey and the Casualty & Surety of New York The N tourney attended by 108 and played at Echo Lake Country Club Westfield N. J. had as special guests Col. Proctor of the Executives Associ- ation Martin W. Lewis Towner Bu- reau Port and J. M. Byrne of Authority Prizes the New York were awarded as follows Guests Winkler C Thoms and Richard Fowler for the low gross guests kickers prize J. A. Mets of Jersey City Members F. Groel Indemnity Co. of N A and M. Gimber F. & D. tied for first prize B. V. Cranston F. & C V. Ernoy Loyalty Group and J. O'Hea National Surety The New York club went to Shelter Rock Comitry Club Searingtown L. I on June 11. To the F. & D. went the Lonor of the largest delegation including home office people J. , its president Bas second prize winner in the kickers event J. Crowley Globe being first GE GE Meredith won the president's trophy presented by Wallace J Falvey of the Massachusetts Bonding Other winners were H. Cornwall first in Class A P. Hall second in Class A L. Trice first in Class B Jack McAuliffe second in Class B B. Speirs first bi Class C E. R. Aichele second in Class C Eighteen hole play in the after- Doon C. G. was won by II Quenzer second J Solon President and Fal- vey presented the prizes at the evening diner Fidelity & Guaranty Fire Corp. Home Offices Baltimore Md S ae, Sudden Death Preview Attended in N. by 400 Nearly 400 insurance and safety meu attended early Tuesday morning a preview of the Paramount film Sudden Death which was given in the Para- mount Theatre Forty Street New York Arrangements for this advance showing of the film had been made by R. II Monaghan of the National Bureau of Casualty & Surety Underwriters in operation with Alex Moss of the Par- amount Corp. The Crowd was tremendously im pressed by the gripping safety theme which runs throughout Sudden Death It is the romantic story of the police heutenant in in love with charge of safety who falls the spoiled daughter of a department store owner after he had been forced to bation because put her of four on driving protickets she had received Scott of for reckless driving Randolph Roberta fame takes the male lead and Frances wood discovery It is her first big Dake plays part a new Hollyopposite him The incidental music hit just the dramatic action of right tempo the picture for the The National Bureau was represented by A. W Hammond Whitney J. and H. Association of C. & S. Henry D. Sayer and the J. Hall H Monaghan the Executives by National Board Board of Fire Underwriters by A. Wilbur Nef- son Among compary men seen in the audience were Frank Ennis America Fore Geo W. Scott and Bartlett Greenc National Association of Insur- hares of odemnity ockhold whereby xchange idemnity r share reached 1 Credit ndustrial atc who to the yes of has the > phases phases National > sched- ston at Sp Bar As- meetingme ting arkinen's al DisDis- was re- Shearer ING 1 Accialty is 1x Gfty ir basis a conng its e New esident Jacob lent 14 What is the trend of ideas of insurance buyers today ota This new book will give insitrance Based on the author's 25 years men valuable valuable information on experience in buying insurance this question Ie work Planned to and consulting sternatization for meet * growing growing demand for facts increasing desiro sternatization in their insurance affairs which he has OEE part of many business observed on the tutudes men Reflecting a modern outlook the book indicates oe with which the insurance man profitably profitably can be familiar Just published D. Betterley's BUYING INSURANCE By P. D. Betterley Insurance Consultant Assistant Assistant Treasurer Graton & Knight Co. 102 pages 51 x This book understand was written to take what protection he some of the mystery mystery needs and can get I out and purchase of insurance settlement of claims etc. 8 2.50 of insurance how better for the business to handle matters man to help pertaining to him the From this book you will learn what the intellient about insurance business man wants to know what information will help him to transact usurance affairs with most satisfaction his what points regarding insurable interest insue able values insurance carriers policy forms and provisions procedure etc. are most troublesome to him and how him in the most to present effective the essential facts to way --how can he be encouraged in cooperate with insurers in loss prevention and in other ways This book gives the business man information which will support the work of underwriters and agents by reducing friction and complications and by promoting cooperation and the more satisfactory use of services mate services offered by the legiti legiti insurance insurance Actually does a job of education that should make it profitable for many Insurance men to put it into the hands of selected che TTR Tt I -1 I McGRAW APPROVAL COUPON | f McGraw Book Co. Inc. 1 330 W. 42nd St. N. C. [ I I Send me Betterley's Buying Insurance for 10 days examination on approval In 10 days I will send f 1 2.50 plus few cents postage or return book postpaid { Postage paid on orders accompanied by remittance l Name [ } I Address l See it 10 days City and State J on approval 1 Position I ance Agents Dan Foyer Ocean Acci- dent W. Eiss Maryland Cas~-- alty A. Arnurius Tartford Accident Cf. Bussing New York insurance broker and R. Fund Indemnity Elberty Fireman's Dust Diseases Continued from Page 35 in 180 days from the act takes effect ~ An employer shall day on which this be liable for com- pensation for dust diseases when disability of an employe resulting in loss of carmings shall be due to an employment in hazardous occupation in which he | \. was employed and such disability re- sults within one year of the last injuribus exposite in suc employment or case of death resulting from such ex- posure if such death occurs within five years following continimus disability The employer whose employment the cumploye was last injuriously exposed and the insurance carrier if any which was on the risk at that time shall be liable for any payments required by this article Medical treatment for dust diseases shall days be finuited to a period of ninety from the date of disablement which period tional order may be extended for an add- period of ninity of the industrial days upon the board If an employe falsely represents that he has not previously abled from the disease which disablement or death or that in writing been causes he has the not received compensation under this article no compensation shall be payable Provision is made for the appointment of special medical examiners and expert consultants Liability under this arhcle shall fails he exchisive but if an to insure as provided in employer said faw The employe or in case of death his per sonal representative shall be able either nusley , asurer Send the coupon | Company E 6-36 ! to claim compensation under this act or maintain an action in the courts for dant- I Books sent on approval in U. S. and Canada only i} ages on account of such injury In such At Mn i - action the defenses shall be subrogated