LEIGH, LAMARTINE B., fire underwriter, was born at Rome, Ga., September 14, 1851, and is the son of the Rev. Richard Leigh, the well-known minister of the Methodist Episcopal Church in Georgia. Mr. Leigh became a local insurance agent in Little Rock, Ark., in 1878, and is now general agent in Arkansas for the Home, Niagara Fire, German Alliance, American Central, New York Underwriters' agency, Pelican, Citizens, Mo., and Phoenix of London, and also general agent for the Pacific Mutual Life, and general agent in Oklahoma for the Phoenix of London. He was secretary of the Association of Fire Underwriters from 1883 to 1890, and president from 1890 to 1900. He has been city treasurer of Little Rock two terms, and a member of the Arkansas legislature two terms, and is president of the People's Building and Loan Association of that city, and vicepresident of the Bank of Commerce. LENEHAN, JOSEPH H., United States manager for the Nord Deutsche Insurance Company of Hamburg, Germany, was born at Dubuque, la. After leaving school he embarked in the local insurance business at Dubuque, his agency being that formerly owned by Abram Williams. Mr. Lenehan organized the Will county, Ill., compact at Joilet in 1885. He was afterwards an inspector of special hazards for mutual companies, and in 1887 Illinois state agent for the Insurance Company of North America and Pennsylvania Fire. He took an active part in the management of the Illinois State Board of Fire Underwriters and was elected president of the board in 1890. Two years later he went with the Palatine and assisted in organizing the western department. July 1, 1898, he was appointed assistant manager of the western department of the North British and Mercantile Insurance Company, and July 1, 1899, general agent of the Phoenix. He was elected president of the Fire Underwriters' Association of the Northwest in 1897, and president of the Western Union, September, 1908. He was appointed United States manager of the Nord Deutsche Insurance Company of Hamburg in 1911 with headquarters in New York. LERMIT, GERALD HENRY, manager of the western department of the Northern of London, with headquarters at Chicago, was born at Dedham, Essex, England, in 1855. At the age of seventeen years he joined the staff of the Northern, and some years after, being assistant secretary at the company's London office, the duty was delegated to him of visiting various countries of the world to examine into the company's business or plant new agencies therein. In this capacity he spent some time in Egypt, India, Burmah, Ceylon, Brazil, the Argentine Republic, Chili, continental Europe, and Canada, as well as the United States, which latter he visited several times. In 1891 he passed some months inspecting the business of the Northern on the Pacific coast. On the resignation of Mr. Goodwin and death of Mr. Crooke, in 1894, Mr. Lermit was appointed to succeed them as manager of the western department. LETTON, HAROLD WILLIS, general manager of the United States branch of the Prussian National Insurance Company of Stet tin, was born in Kansas City, Mo., of American parentage, January 13, 1875. He was educated at Phillips Academy, Andover, Mass., graduating in 1894, and at Yale University, from which he graduated in 1897. Subsequently he took a law course in the Harvard Law School, graduating therefrom in 1900, and practiced law until 1903, when he was appointed assistant manager, becoming general manager in October, 1908. LEVISON, JACOB B., vice-president of the Fireman's Fund Insurance Company, San Francisco, is of Holland-German descent, and was born in Virginia City, Nevada, October 3, 1862. He was educated in the public schools of San Francisco, and began his insurance career in 1878 in the office of the New Zealand Insurance Company. In 1880, he was appointed marine clerk in the general agency of Hutchinson & Mann, later Mann & Wilson, which position he occupied until the organization of the Anglo-Nevada Insurance Company when he took charge of the marine department of that company, becoming its marine secretary in 1888. The marine business of the Anglo-Nevada was taken over by the Fireman's Fund in 1890 and Mr. Levison became marine secretary of the latter company. He was elected second vice-president of the Fireman's Fund in 1900 and vice-president in January, 1914. LIBRARIES, INSURANCE. Several of the general associations of underwriters have made efforts to build up libraries for the use of their members, as have also some of the local insurance institutes. [On this subject see Insurance Library Association of Boston, and Fire Underwriters' Association of the Northwest, Library of.] The LIMITATION OF RISKS IN FIRE UNDERWRITING. laws of a number of states prescribe a limitation on the amount of liability which a company may assume on any one risk. The limitation makes the maximum amount of liability that may be assumed on any one risk, but the limitation is not uniform, and in a majority of the states the laws include the proviso "unless the excess shall be reinsured in some authorized company." The maximum line permitted is a percentage, either of the paid-in capital, or paid-in capital and surplus, and is in practically all states ten per cent. in the case of stock companies. Kentucky makes the limitation ten per cent. of capital and surplus, "exclusive of the amount of any such risk secured by collateral," and in North Dakota it is ten per cent. of the paid-up capital, “exclusive of any guarantee, surplus, or special reserve fund.' Wisconsin makes the limitation ten per cent. of the "admitted assets," and in Minnesota, New Jersey, New Hampshire, and Massachusetts the limitation is ten per cent. of the "net assets.' In Oklahoma, New Mexico, Colorado, Virginia, Utah, and Connecticut the limitation is ten per cent. of capital and surplus. In Indiana, California, Texas, Washington, Maine, Rhode Island, and Michigan the limitation is ten per cent. of the paid-in capital. The Texas law excepts cotton and grain in bales from the limitation, and the Maine 44 law makes the limitation apply to "buildings and contents as one risk. The Michigan law bases the limitation for foreign companies on the "deposit capital," and includes the proviso that reinsurance in authorized companies shall not be included in determining the limitation. The same proviso is included also in the laws of Connecticut and Wisconsin, and the New Jersey law provides that so much of any risk as shall be reinsured in a company lawfully transacting business in the state shall not be considered part of said risk. The laws of Kansas, West Virginia, Virginia, Kentucky, and Utah also apply a limitation to mutual companies. Kentucky, for such companies, makes the limitation $5,000 done to dwelling houses, barns, and contents and other buildings not more hazardous.' Kansas makes the limitation ten per cent. of all resources, and West Virginia one per cent. of amount of insurance in force, while Utah makes the limitation for mutual companies five per cent. of the annual premium income. The laws of Oklahoma place a limitation on inter-insurers of ten per cent. of premium income at time of writing risk, while Idaho makes the limitation ten per cent. of the net worth of such subscriber." The Kentucky law contains this additional provision: "If the directors allow to be insured on a single risk a larger sum than the law permits they shall be liable for any loss thereon above the amount they might lawfully insure." Under the Wisconsin law the limitation on mutual companies "shall not exceed three times the average policy or one-fourth of one per centum of the insurance in force, whichever is the greater." In Virginia, the limitation is ten per cent. of a company's cash assets. LIMITING CLAUSES IN FIRE INSURANCE POLICIES. [See Policy Forms, Fire (New York), Legislation and Co-insurance Clause.] LITTLE, RUSSELL A., president of the Glens Falls Insurance Company, is a native of the New York village of Glens Falls and the son of the late Russell M. Little, many years the president of the company. He was born March 14, 1849, and was educated in the common schools, and on leaving them went into the fire insurance business as a clerk in a local agency office. He was afterward special agent for the Royal and special and general agent for the Glens Falls, and in January, 1893, was elected its secretary and was elected vice-president in January, 1908, and president in 1914. LIVERPOOL AND LONDON AND GLOBE INSURANCE COMPANY, LTD., THE, of Liverpool, Eng. Henry W. Eaton, manager; George W. Hoyt, deputy manager; J. B. Kremer, assistant deputy manager; T. A. Weld, agency superintendent. Admitted assets, December 31, 1913, $14,263,846.95; liabilities, $9,632,630.05. LIVERPOOL AND LONDON AND GLOBE INSURANCE COMPANY, THE, of New York. Organized 1897; capital, $200, 000. Henry W. Eaton, president; George W. Hoyt, secretary; J. B. Kremer and T. A. Weld, assistant secretaries. Admitted assets, December 31, 1913, $1,080,710.66; liabilities, $332,633.34. LLOYDS. [For a history of the Lloyds movement in the United States, from its rise in 1892 to the extinction of the speculative class engaged in this form of fire underwriting in New York by the action of the courts, see the Cyclopedia of Insurance for 1897-98 and 1898-99.] The New York Lloyds in active operation and reporting to the New York department on December 31, 1912, were the following: Allied Underwriters, E. A. G. Intemann, Jr.. Attorney. American Exchange Underwriters, Weed & Kennedy, Attorneys. Great Western Lloyds, Hall & Trowbridge, Attorneys. Individual Underwriters, Alfred G. Evans, Attorney. Lumber Underwriters, Eugene F. Perry, Attorney. Manufacturers' Lloyds, Jameson & Frelinghuysen, Attorneys. Merchants' Fire Lloyds, C. L. Faber, Clement D. Albrecht and Henry National Underwriters of America, Hall & Trowbridge, Attorneys. New York & Boston Lloyds, Hall & Trowbridge, Attorneys. New York Fire and Marine Underwriters (formerly New York Commercial New York Reciprocal Underwriters, Alfred G. Evans, Edward B. Swinney, North American Inter-Insurers, Benedict & Benedict, Attorneys. United States Lloyds, Higgins & Cox, Attorneys. Union Underwriters, Hall & Trowbridge, Attorneys. The New York legislature in 1902, passed an act placing all Lloyds organizations under the supervision of the New York state insurance department, and the legislature of 1910 enacted legislation regulating still further the transaction of business by Lloyds and placing them directly under the supervision of the insurance department, under which they must be licensed, and are subject to examination and supervision by the department. The Individual Underwriters of St. Louis, W. H. Markham & Co., attorneys and managers. LOCKE, SIDNEY E., secretary of the Hartford Fire insurance company, was born in Glens Falls, N. Y., February 5, 1866. He was educated in the Glens Falls Academy, and began his insurance career in a local agency in that city in 1884. Later he accepted a position in the home office of the Orient insurance company, and also represented the company as special agent in New York state. In 1896 he was appointed special agent for the Philadelphia Underwriters in the Middle department territory, and was later assistant secretary of the Reading Insurance Company. He was elected an assistant secretary of the Hartford Fire in 1908, and secretary in 1910. LOCK, FRANK, New York, resident manager of the Atlas Assurance Company of London, was born on the Isle of Wight, England, January 10, 1855. Practically all his business life has been passed in insurance. He was eleven years in the home office of the Commercial of London, four years foreign superintendent of the Fire Insurance Association of London, two years United States manager of that company, and since July, 1891, he has been connected with his present company. He took an active part in organizing the General Adjustment Bureau, of which he was the first president. He was president of the Eastern Union from 1909 to 1911, and president of New York Fire Insurance Exchange in 1913. LOEB, LEO A., member of the firm of Adolph Loeb & Sons, Inc., Chicago, fire insurance agents, and son of the late Adolph Loeb, was born at Memphis, Tenn., in 1867. He is prominent in Jewish charitable and philanthropic work, being a member of the board of trustees of the United Hebrew Charities, vice-president of the Home for Jewish Friendless and Working Girls, and a member of the executive committee of the National Jewish Hospital for Consumptives, Denver, Col.; trustee of the Jewish Agriculturalists Aid Society, Chicago, and a member of the Standard and Hamilton clubs. LONDON AND LANCASHIRE FIRE INSURANCE COMPANY, Liverpool. A. G. McIllwaine, Jr., Hartford, Conn., manager of the United States branch. Admitted assets, December 31, 1913, $4,871,204; liabilities, $3,040,276. LONDON ASSURANCE CORPORATION of London, England. Charles L. Case, New York City, manager for the United States; John H. Packard, agency secretary. Admitted assets, December 31, 1913, $3,042,792.44; liabilities, $2,257,191.35. LONG, GEORGE C., JR., assistant secretary of the Phoenix Fire Insurance Company, Hartford, is a native of Kentucky, where he was born in 1878. He was educated at South Kentucky College at Hopkinsville, and graduated from the law department of the University of Virginia in 1900, and engaged in the practice of law until 1904 when he entered the fire insurance business. He was appointed a special agent of the Home Insurance Company of New York in 1906, and three years later accepted an appointment from the Phoenix, which he served in the southern field until 1912, when he was called to the home office as general agent in charge of the company's business in the southern states. He was elected assistant secretary in July, 1913. LONG, HARRY C., formerly special agent of the London and Lancashire and Orient, is a native of Suffield, Conn., where he was born December 19, 1851. He learned the jeweler's trade and later devoted himself to mechanical and architectural drawing. In 1877 he entered the fire insurance agency business and ten years later was New England special agent for the United States Fire of New York. In 1895 he was appointed special agent of the Orient for |