Jasper County Democrat, Volume 22, Number 27, Rensselaer, Jasper County, 2 July 1919 — NOW INSURE TOWN PROPERTY [ARTICLE]

NOW INSURE TOWN PROPERTY

The organization of the Indiana Union Fire Insurance company was consummated with the granting of a license last month by the Auditor of State. The new company is the outgrowth of a demand from all over the state for a company .organized and operating along the line of the Farmers’ Mutual, Millers’ Mutual, and Other successful Mutual companies which have effected such a saving to the policy holders because of a reduction of the fire waste. Upon the day of granting of the license the company had $585,000 of insurance already applied for and paid for with a guarantee of SIO,OOO put up in cash with the state officials by men from most every county in the state who see what it means to have such a company for our state. The personnel of the new company contains the names of the most prominent ’ Mutual insurance men of the state, E. C. Mercer of Rochester, is president of the new company and the secretary and manager is Harry P. Cooper of Crawfordsville, Indiana, secretary of the National Association of Mutual Insurance companies of the United States and also secretary of the Farmers’-Mutual of Montgomery, Fountain and Park# counties, of Indiana. He has been in the Mutual Insurance .business for years and his experience together with that of his associates insures a great success and big savings to the policy holders. Mr. Cooper is now sending out applications and

other material that is being called for from different sections. The amount of insurance now in force is nearly $1,000,000 and by the first of the year those in close touch with the situation feel that there will be at least $4,000,000 of insurance in force which will be a remarkable showing for such an institution. The new company will write the farm business that the farm mutuals cannot write and will help them ■with the larger risks. It will also insure town and city dwellings. Since it is under the strict supervision of the Indiana Insurance department and’ has the support and co-operation of the leading mutuals of the state, it is bound to become one of the leading institutions of its kind in the United States.