The Adjuster Volume 41

The Adjuster Volume 41

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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. 1910-01-01 edition. Excerpt: ...the statute on which the indictment was based. It is not infrequently the custom of some liability companies to use their legal departments to protect the insured from the criminal charges resulting from automobile accident. This has always seemed to us a very short-sighted policy. In the particular cases in which the companies appear for the accused, it may have some effect in assisting a settlement of the civil cases arising from the accident. But if, on the other hand, every person recklessly or wantonly causing an accident were prosecuted to the full extent of the law--even if, as in New York, the laws are changed so that a reckless driver may be appropriately punished--it would not take very many months before it would be possible for a pedestrian to cross a San Francisco street without risk of being killed. The companies would be rewarded by a compensating decrease in loss ratio on automobile liability and collision risks. Many of the liability companies do keep records of chauffeurs and owners for their own guidance in writing risks. We suggest that when the companies learn that an accident is due to the recklessness of the driver it should not stop at settling the claim for damages, for we assume that all liability companies do honorably settle all claims for injuries due to careless operation of automobiles, but that the evidence should be placed before the proper prosecuting officers. The Armstrong Laws. Superintendent Hotchkiss of New York presented to the insurance commissioners at their Mobile convention a dissertation on savings in life insurance by the limitations on expenses prescribed by the New York law. He asks two questions, "How much theoretically ought an average life insurance company to spend each...
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Product details

  • Paperback | 168 pages
  • 189 x 246 x 9mm | 313g
  • United States
  • English
  • black & white illustrations
  • 123673727X
  • 9781236737274