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Continental Insurance Company
| Name | Continental Insurance Company |
| Ortssitz | New York City |
| Straße | Broadway 100 |
| Art des Unternehmens | Versicherung |
| Anmerkungen | Bezeichnet als "Insurance Company". |
| Quellenangaben | [New Yorks great industries (1884) 308] |
| Zeit |
Ereignis |
| 1853 |
Eintragung |
| Produkt |
ab |
Bem. |
bis |
Bem. |
Kommentar |
| Versicherungen |
1884 |
[New York's great industries (1884)] |
1884 |
[New York's great industries (1884)] |
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| ZEIT | 1884 |
| THEMA | Firmendarstellung |
| TEXT | The fire insurance business of New York City is one of its most important interests, and in its detail and successful management is invested a vast capital, affording protection to property that could not possibly be secured by any other means. It proves to be one of the greatest encouragements to the advancement and improvement of the metropolis, as capitalists are able to invest their money in the erection of large and expensive buildings, and merchants are able to purchase very extensive stocks of merchandise with a feeling of security that a conflagration will not sweep their investments beyond their grasp. In investigating the source of this security, the writer was led to examine the numerous companies now calendered as doing business in this department, and from the whole to select a few of the more representative ones, those that fulfilled the purpose for which they were organized, that of insuring against loss by fire, and the payment of such losses when they were regularly declared as such. In the number so se lected mention must be made of the Continental Insurance Company, No. 100 Broadway, which was incorporated in 1853, and transacts its entire business under the New York Safety Fund Law, which restricts the dividends to stockholders to a sum less than the income of the company from its invested assets, thus leaving the remainder of such income and all of the profits of the business to be accumulated for the greater security of those insured. A company doing business under this law cannot fail by any fire, no matter how large, and no one understanding a safety fund policy would accept any other at the same price. The cash capital of the Continental Insurance Company amounts to $1.000.000; reserves for premiums on policies in force, 1.775.820,69; reserve for all other claims, 480.324,04; cash assets, 4.867.942,01; net surplus, 1.661.797,28. The following gentlemen, well known and esteemed by the community for their great executive ability and integrity, are the officers and directors of the Continental, viz., George T. Hope, President; H. H. Lamport, Vice-President; F. C. Moore, 2nd Vice-President; Samuel D. Babcock, George Bliss, William H. Swan, Henry C. Bowen, Aurelius B. Hull, Theodore F. Vail, Theodore I. Husted, William H. Caswell, William M. Richards, Horace B. Claflin, S. B. Chittenden, Seymour L. Husted, Henry F. Spauldlng, William L. Andrews, E. W. Corlies, James Fraser, Hiram Barney, Lawrence Turnure, Samuel A. Sawyer, John L. Riker, William Bryce, Wellington Clapp, John H. Earle, Richard A. McCurdy, Alexander E. Orr, Charles H. Booth, William H. Hurlbut, Edward Martin, Bradish Johnson, S. M. Buckingham, J. D. Vermilye, Jacob Wen-dell, John F. Slater, John H. Reed, B. C. Townsend, Secretary Agency Department; C. H. Dutcher, Secretary Brooklyn Department; Cyrus Peck, Secretary; A. M. Kirby, Secretary Local Department; George H. Hope, Agency Manager. And in this respect the company is specially strong, so that the board needs no further comment than a mention of the names. The Continental Insurance Company, through an honorable and considerate course and the prompt adjustment and payment of all losses, has secured a leading position among the reliable institutions of the United States, and as such deserves prominent notice in this chronicle of New York's progressive insurance interests. |
| QUELLE | [New Yorks great industries (1884) 308] |
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