Fire Insurance In Michigan

Insurance Commissioner Giddings, of Michigan, surpassed allprevious records in the department as regards the issue of the prelimiuary statement of fire insurance business in the state, and h.is issued the report about a montli éarlier thanithas usually appeared. There were 125 companies operating in the state last year, and the fire risks assumed by them aggregate $284,158,820. Tlie premiums recei ved were $4,262,S72, andlosses incurred $2,921,898, a percentage of 68.5. The year previous the ratio was 50.2. While the coinpaniea, as a whole, fared poorly, the four Michigan eompaniea all did well on their Michigan business. Tlie risks written by them amounted to $23,180,244 ; premiums recieved, $303,260 ; loases iucmred, $139,459. In the matter of ratio of losses incurred to premium receipts, the Michigan companies weve considerably below the average, their ratios benig as follows: Detroit F. and M., :i7.1 : Grand Rapids Fire, 55.3; Michigan F. and M., 38.6; Sagina Valley F. and M., 52.4. The Michigan companies ure all right.- The Indicator.