1 A ex ACCIDENT INSURANCE. The ordinary accident insurance policy grants a fixed compensation to the insured for a limited time in case of disabling accident, and also a definite amount to be paid to a designated person if death results from accident. Such policies are in general strictly limited by their terms to accidents which totally disable or kill the insured. Companies now issue modified forms providing for injury and death, with an additional clause as to partial disabilities of a permanent nature, such as loss of a limb, an eye, a hand, or foot. In order to recover, the injury must arise from ternal, violent, and accidental means," and must be incurred while the insured is not unnecessarily exposing himself to "obvious danger," and while he is not engaged in an occupation more hazardous than that in which he has elected to be classified and insured; or if more hazardously occupied at the time of the injury, then recovery can be had only to the extent to which the premium paid would have purchased insurance in the more hazardous class. Within these limits there has been found a great deal of ground for differences of opinion, and many of the points which have been settled have only been disposed of after harassing litigation. The following is a statement of the personal accident business of the principal companies in 1915: The American Casualty reported premiums written $202,843, claims paid, $88,071; Commonwealth Casualty, premiums written, $152,741, claims paid, $50,014; Federal Casualty, premiums written, $336,393, claims paid, $133,702; National Casualty, premiums written, $715,612, claims paid, $315,329; Massachusetts Accident, premiums written, $338,794, claims paid, $144,750; Ridgely Protective, premiums written, $410,373, claims paid, $258,314; Frankfort, premiums written, $113,828, losses paid, $57,141; Loyal Protective, premiums written, $567,493, losses paid, $334,504; Clover Leaf Casualty, premiums written, $214,670, claims paid, $69,282; Columbus Mutual Life, premiums written, $77,841, claims paid, $30,317; Equitable Accident, premiums written, $91,855, claims paid, $34,752; Inter Ocean Casualty, premiums written, $253,730, claims paid, $113,769; Life and Casualty, premiums written, $825,130, claims paid, $338,377; Massachusetts Bonding, premiums written, $1,639,129, claims paid, $838,359; National Life, U. S. of A., premiums written, $755,786, claims paid, $260,950; Midland Casualty, premiums written, $108,185, claims paid, $33,429; National Life and Accident, premiums written $3,608,438, claims paid, $1,529,021; Peerless Casualty, premiums written, $115,878, claims paid, $50,268; Southern Surety, premiums written, $337,254, claims paid, $182,791; Time Insurance Company, premiums written, $256,525, claims paid, $118,558; Consolidated Casualty, premiums written, $70,703, claims paid, $32,550; Masonic Mutual, premiums written, $88,422, claims paid, $40,063; Federal Life, premiums written, $71,491, claims paid, $31,538; Interstate Casualty, premiums written, $3,744, claims paid, $943; Lion Bonding and Surety, premiums written, $33,129, claims paid, $13,363; Mer chants Life and Casualty, Minneapolis, premiums written, $134,822, claims paid, $53,485; Vermont Accident, premiums written, $37,835, claims paid, $16,699. These figures include both accident and health business and are therefore not included in the above table. Several of the above companies also write Workingmen's Collective Insurance, which is a form of personal accident insurance written under a blanket policy in the name of the employee as trustee, and the premium, which is based upon the annual pay-roll, may be divided pro rata among the employees or the whole borne by the employer. The following is a statment of premiums and losses under this form of policy for 1915: ACCIDENT UNDERWRITERS ASSOCIATION OF BOSTON, Boston, Mass. Organized 1916. The officers, elected in May, 1916, are: President, Dr. Heber Bishop, Etna; vice-president, Percy A. Goodale Preferred Accident; secretary, Harry E. Moore, Massachusetts Bonding; treasurer, William F. Belcher, General Accident; executive committee, George M. McCoy, Jr., Prudential Casualty; W. Frank Rabbitt, Fidelity and Deposit; D. E. Timmerman, London and Lancashire Indemnity, and the president and secretary, ex-officio. ACCIDENT UNDERWRITERS, INTERNATIONAL ASSOCIATION OF. [See International Association.] ACTUARIAL SOCIETY OF AMERICA was organized April 25, 1889. [For an account of the origin, charter, and early proceedings of this organization see the Cyclopedia of Insurance for 1890-1.] The first president was Sheppard Homans, the second David Parks Fackler, elected in 1891; the third Howell W. St. John, elected in 1893: |