1894-1904; A Decade Without a Parallel in the History of American Insurance ... Tenth Anniversary Special Vellum Number, the American Underwriter (Paperback)

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1904 edition. Excerpt: ...in assets and 51.5 per cent, in the amount of risks in force, and the younger and more strenuous life department of American underwriting was booking gains of 125.7, 129.1, and 116.1 per cent, in those respective directions, casualty underwriting was making its gains by leaps and bounds, its net increase in total income being 275.5 per cent, in assets 318 per cent, and in the volume of risks in force, 285 per cent, Otherwise stated, the business practically doubled both its income and its assets each five years, and of course such enormous gains would only be possible in the case of a business as yet comparatively in its infancy--or at most, in its adolescent state. In the early 90's, before the soap bubble of assessmentism had burst, so-called mutual accident associations were everywhere in evidence, and the "Handbook of Life and Accident Insurance on the Assessment Plan" for 1903 presents the figures for sixtytwo of those associations, whereas but eighteen stock casualty companies all told were then doing business in New York. The sixty-two assessment accident associations in 1893 collected from their members the sum of $3,123,400, and the eighteen casualty companies' combined premium income was but about three (Continued on page 23) THE fiPERIGAH UNDERWRITER III k im- TW. o/ j t, Prt vmni An Aimxatc or All Smo ronns or Lux. Hut And Casualty beuunct ISSUED MONTHLY BY THE Thrift Publishing Company EDWARD BUNNELL PHELPS, Editor Washington Life Building, Broadway And Liberty St. Room i307 Tblbfbokb, 6129 Cobtlandt Niw Yok City Two Dollars Per Annum:: Twenty-five Cents Per Copy ADVERTISING RATES FURNISHED ON APPLICATION "We will thrive, lads, we will thrive."--Merry Wives of Windsor, ...