MUNICIPAL INSURANCE AGAINST HAIL IN SASKATCHEWAN 



43 



In connection with this formidable deficit further remarks from the 

 official re\dew issued late in 1915 may be cited. " The hail insurance levy 

 of 5 cents per acre amounting to only $ 6.40 for 160 acres is a very small 

 premiufn to carry a risk of $ 800, which is the case where all the acreage is 

 under crop... In other words it takes 4 cents per acre levy upon 125 acres 

 to pay... $ 5 upon one acre destroj-ei by hail ". 



It is instructive to compare with the results obtained by the Munici- 

 pal Hail Insurance Commission those reached from 1913 to 1916 by pri- 

 vate companies insuring against hail in Saskatchewan. 



In the aggregate they were as follows : 



Year Premiums Losses 



I9I3 $783,194.42 



I9I4 747,838.68 



I915 1,363,001.66 



I916 1,417,853.21 



1485.30579 

 I7344344 



438,619.57 

 1.872,408.75 



The following table shows the gross income and gross losses of each 

 company insuring against hail in the province in 1916. 



Name of Company 



St. Paul Fire and Marine Insurance Company 



Middle West 



Excess 



Acadia Fire 



Canadian Indemnity 



Canada Hail 



" National 



Rochester Underwriters 'Agency 

 British American Assurance 

 Wiimipeg Fire Underwriters' Agency 

 Nova Scotia" " 



Home Insurance 

 Canada Security Assurance 

 British Crown " 



Canada Weather Insurance 

 American Cential " 



Connecticut Fire " 



Hartford 



New York Underwriters' Agencj- 

 Great North Insurance 

 Northwestern National Insurance 

 Dominion Fire " 



Glens Falls " 



Westchester Fire " 



Losses 



$ 1,417,853.21 $ 1,872,408.75 



