Evening Republican, Volume 14, Number 144, Rensselaer, Jasper County, 17 June 1910 — Fire Insurance Rates May be Lowered. [ARTICLE]

Fire Insurance Rates May be Lowered.

Attorney-General Bingham Saturday announced he has hopes that one of the results of his suit against the fire insurance companies, which is on trial in the superior court at Indianapolis, will be lower insurance rates throughout Indiana. He says if he can break up the alleged combination of fire insurance companies, it will open up the fire insurance business in Indiana on a competitive basis, which will jproduce fair profits for the insurance companies and at the same time reduce the cost to the insured. “The main purpose of this suit is to break up the fire insurance combine which for years has been in control of the whole insurance situation,” said Mr. Bingham. “I have charged in this suit that there is such a combination among the companies.”