Document wqxGOd6RdX5oEknZZj0rjKmpo

FILE NAME: Insurance Industry (INS) DATE: 1932 DOC#: INS006 DOCUMENT DESCRIPTION: Article from The National Underwriter - Occupational Diseases Are Not Generally Understood t h e n a t io n a l u n d e r w r it e r Occupational Diseases Are Not Generally Understood hazards sh o uld be stu d ied Increase of Problem ami Now Plan of National Council Demand Better Field Knowledge . Scrutinize Injury Awards Where Insurance Is Factor zTERRE, S, D., Dec, 14.--Jury ver dicts in cases where liability insurance is involved , will be scrutinized "with care by the South Dakota supreme court, it was stated When the court re duced from $10,000 to $7,000 an injury awmd to T. Ji Biggin of Sioux Falls, Some Currie M o Cuten te t T BACKBONES A R E STIFFl Seek to E radicai Notion SettiWoer Always Effected When ^tto^w; ' I* Enqd*5WK,' ^ * ' - : The growing seriousness of the occu pational disease' problem in underwrit Holding that the $13,000 awarded by NEW YORK, Dec. 14,--In vM - ing workmen's compensation, and filing the Minnehaha county circuit court was excessive, the court took xognizance of the fact that so many automobile Dility claims are coming through t by the National Council on Compensa tion Insurance of a schedule of so-called the fact that the jury was informed days with attorneys'' liens attache . "hazard weights'' in-.Michigan, to be that ti1T defendant,' C R, Wagner, ear ned liability insurance. , number, of the large Ofstialty compr have adoptedthe policy iff prroi' applied in other non-regulated states as speedily as possible, makes necessary more cases to go to ttiai than form some understanding of the various dis eases which tome under this classifica Lloyds of America Agency Thse companies feel that the nc should.be erpicated that a settler tion.; t r. " ' . t - ` ' ; Men Now H itting Stride can always tfe obtained when an a ney is empg>ye<l, There is a noti Cyriously enough, there ,at many stiffening,* the backbone on the underwriters who d not know a. great deal about 'occupational diseases. For The new Lloyds Insurance Compkny of.,,many companies and a dispos instance, silicosi is recognized a? One of of New Y ork, formed by the consol^ n e._tto gouged in unwarranted < dation of. the Lloyds Casualty, Const! merely because an attorney is ii the most hazardous of these ailments arising from industry, ft resulting; from tutipn Indemnity and the Detrolt'.-Fi- ested. - ' - inhalation of dust in stone cutting proc esses. However, it is not generally deljfy & Surety, has been licensed lit mpis. New York, Pennsylvania, Some executives are watching policy anxiously. Although many < known that the wet method of stone icnigart and other states have alsdis- which are permitted to go to trial . |u<d1,/*idibSi'?'1 The branch office of the seem to be air tight so far a#,the <* grinding and polishing actually more S hazardous than the dry method. . Llpyds Gasuaity Jn Chicago prill be the pames are concerned, in a n ew j DfAmin i'lfif. thp fOBwitidateA rmnnanu when the case comes to trial, witm Wet Method Most ItasardoHO may have disappeared o f"have beer It is generally assumed that whten proached by counsel for the plaintiff water is used to retain-the dust and keep premium reserve $2,020,233, contingent induced to change their'story. The it from Hying, no other protection is reserve $500^000, security depreciation ture may change in a few years anc needed, An agency engineer and a home reserve 1,184,433, capital $1,000,000, pet plaintiff's case may seem stronger, office underwriter recently passed such surplus $t,900,000. , eeutives can appraise their liability a rale upon the explanation it was a wet ! Vice-presidents D. M. Maggin *hd some degree of accuracy when s< grinding process, after ordering cancel Ralph " * *------ *"* ments are effected, but they are not lation on the assumptiomthat it was the the* what: the experience wift be if a 1; dry method. , , 1 ftew number of cases are permitted to | While inhalation of the ay particles, trial. The results will not be hnowi -especially over a long period, isalmoat several years and In the mean thru certain to cause some degree of silicosi^ amount of liability is .indeterminati nevertheless the. lungs are able to expel *gw$s ittva^ohs-sehons, Mr; Stewiey Despite this uncertainty, a numbi many of these partides. lt is explained, Is .ift.N;w^#rk'`mfe;Bw week.-' ; Vice-' executives feet that the comp: however, that when a workman inhales president, Franklin Vanderbilt is on an sooner or later must adopt a more the stone dust in a moist condition. as agency visit,,.- ' 1 ' ' compromising attitude. The numb it is thrown off to some degree in the Russell S ' halohr. has b en t-$*> attorneys who are preying upon it grinding operation, the particles more pointed manager of the Casualty depart nee companies Is growing all the easily find, permanent- lodgment in the ment at;.Chicago and R. L. Gueydan, and the fear is that if the comp: lungs. It 4s evident from this illustra <#hO has been jn-charge, of spwlyiiBttte; continue to capitulate, the evil wil tion that, it behooves underwriters to make a closer study of the nature of foir, the Detroit Fidelity & Surety, con tinues in that capacity; Lloyd. T. crease rions, by almost geometrical pr< . J- McNady has resigned as manager of - Some of the more hazardous occupa -the office. -, v ' 1. '. ; Van Sduuck Defends Powe tions involving occupational diseases on ; Me; Chaloner's last;,: connection was Briefs have been filed in behat which the companies for some finie haie with the Royaf Indemnity at Chicago. Superintendent Van Schaick of been refusing agencies the right to bind He was manager therefor five years for York in the case involving tiw rig! or : issue policies, even in emergency, the Norwich Union. Indemnity at Chi the department to assess fines ag cases, are: ` cago and was connected with the Trav insurance *companies for violatiofi Rock excavation--silicdsis; quarries, elers there for seven'years, most of thy 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; haf manufacturing--not Straw Of ager. He is, a; former president of the vpeal from the order of the appi cloth, ali operations excluding .Batters' Insurance Club of Chicago. division voiding in part a determin fur manufacturing-, fur manufacturing, cleaning --* I * Motion W as D ism issed.? :of Superintendent Van Schaick ag the now defunct New Jersey Fidefi rubbe * i wJudge Harry fchr of the ,eireit Flate Giass, which in October a man .. . ,. at Chicago has denied the motion Ago was fined $10,000 by tbc depart leather, type. : ipppdntmept of i receiver for the; for vioiarion of . sections 44t >and 1 turing--storage;airplanemanufacturing, ipjitcan' bftttiiai, Jfodtirmity and;ifim'- in the writing of automchiie poliei t.-the-eohh%;'h$djw; right te hpfc:f;-vi^hn#cl';fofc.fhe Nm^Jp^ey Fk t tctl^aisess,n^^:l01lhtflS''FOH^Eo1M,f't' Flate Glass eonteidA that a A" eonsid,^b''fia.tt-isf. the against the company should have have aiready'nyep made:apd tfcj v The companies have ben f a i r i n g in, such cases that a questionnaire form be oxpeuted with lapy ffifottnaf^LA*1.ritte agences possession and ior#arded, to . the-company'for advices as to what p. quirements will be imposed., / Any processea involving,asbestos f e considered especially hazardous,!#- As. asbestos fibers appear to be dHtult toi expfel from the lungs;,1 'l '.> Sets Tm e Lim it on Claim s NEW YORK, Dec. 14!--s liquidator of the New Jersey Fidelity & Fiate Glass of Newark. Commissioner Kelly `,of New Jersey has formally notified that all claims against the' defunct car rier must be filed with him on or be fore Dec. 31, 1932. -AccordiWi to' fe|ad;;hptice appearing, Dec-jt$ m ,^an Emhcispd papers, si^nep ;{#--iSihmisshmer^W i*"* 'jBfBlk ,m a^hority; te< operate irt Cali fornia is ;,fhb/-reutt- of Its failure 5tb ft?, pair A dfcmdeney's.cif m ote than gf90,009 in capital. Following the'original noti fication by Mr. jMitchelf fid days aEh; the company's official^ charged at tempted solicitation of a bribe of $10,000 on the part of a department employe. Lew is Louisvilie C3aJm Manager R. N. Lewis, formerly with the claim department of the Travelers in Milwau kee, has been appointed claim depart ment manager in Louisville, succeeding ,W. A, Reedy, who has been transferred to St. Louis. . ` mlly alt states bAve now apt , HwV mewc*I/"-ffimlttttttiimt ; fe ^ -iSdii^jf'.by- q 'of v dent^nd;.iteith,jcQmpanwpAtAh :>; cent gatberrog of ' insttrSn%. con- ;? in te r i ' c0rmiitc#.` ndSd Anr >r, fne'omhursemeht^-- . McManus Elected Ji H. McManus, gneiil ai Maryland `Casualty many years, has been elided''* pf the company. , ; , V "Mrs. L..-IB -'Siirescy,- wife of- thev^i dent vice-president of the Globo Jn nity at San Francisco, died at Piedr CaL Dec, H following, a kmg Mini \.\