Jasper County Democrat, Volume 23, Number 39, Rensselaer, Jasper County, 11 August 1920 — GENERAL AND STATE NEWS [ARTICLE]

GENERAL AND STATE NEWS

Telegraphic Reports From Many Parts ot the Country. SHORT BITS OF THE UNUSUAL Happening* In the Nearby Cities and Towns — Matter* of Minor Mention From Many Localities. MUTUAL CYCLONE INSURANCE Makes Interesting Report of It* 13 Years’ Buelnea*. A circular letter Juat issued by the Indiana Mutual Cyclone Insurance Co. makes a fine showing for that company, which has been in opera, tion 13 years. It now has 23,453 policies in force for 141,303,475, a gain of >12,959,667 in the past' eight months. During the present fiscal year the company law paid 2,488 losses amounting to $70,329.30. Very heavy losses occurred Nov. 29 and March 28, and it was found necessary to make the assessment beginning with July, 1920, 20c on each |WO of ordinary buildings and other property in proportion, which is 4o higher than any other assessments levied. Even then, the letter says, this is considerably less than the regular stock company rates. • Taking the 13 years of its existence, a $5,000 risk has cost the policyholder but SBS against $175.50 in the regular stock company, or a little leas than 13c per year on each SIOO insurance. ~