Page Fourteen 



THE I. A. A. RECORD 



September, 1931 ■ ^ 



m 



the insured for the accident. He also 

 makes out a formal notice of the acci- 

 dent and files it with the Company. 



The Company then instructs the lo- 

 cal adjuster the procedure to be fol- 

 lowed in settling with the insured and 

 other claimants. Small claims are usu- 

 ally settled at once by the local adjuster 

 when the insured has made proof of his 

 claim and proved that his assessments 

 are fully paid. "When claims are filed in 

 the home office, they are listed in the 

 claim register and a number assigned to 

 each one. Records are then checked as 

 to class of car and date of last premium 

 payment. 



Practically all personal injury and 



property damage claims are handled by employees. At the present time this cost to protect them against loss on 



the home office. All settlements of $50 protection is costing them about 2 cents their trucks and automobiles, 

 and less are approved by Frank Billings, per day for each man employed. Helen The company has expanded so that a 



in charge of the claim department. Ekberg is in charge of this department, staff of 25 people is now required to do 



Larger claims must be approved by the Acquisition is directed by Vernon the work. Its office occupies 1,800 



manager, Mr. Richardson. All personal Vaniman, director of insurance service square feet of floor space adjoining the 



injury claims over $250 are approved for the I. A. A., working through the I. A. A. offices in the Transportation 



by the legal counsel, Donald Kirk- County Farm Bureaus. G. R. WilHams Building. , 



Patrick, and claims in excess of $1,000 of Salem is the field representative in The Illinois Agricultural Mutual is a 



must be passed on by the board of Southern Illinois assisting in acquisition legal reserve company. Its prompt pay- 



and rendering field service on claims, ment of claims is assured by the main- 



M. E. Roberts of Edinburg is doing tenance of a substantial cash reserve, 

 the same kind of work in Central Illi- 



STATISTICAL AND ACCOUNTING DEPARTMENT 



Virgrinin Henton, Elizabeth Collins, Margaret Iiaurltzen, Georgre Krogrmnn nnd 



William Campbell 



directors 



The volume of claims has increased 

 steadily with the growth of the com- 

 pany. A typical claim is one filed by 

 O. C. Basinger of Saline county. The 



nois. 



The Board of Directors of the I. A. A. 

 requires that a proof of the adequacy of 

 reserves for payment of claims be made 



To date the company has received ap 



local adjuster notified the company on plications from nearly 30,000 farmers quarterly 



July 9 that an automobile driven by an since its organization. Cancellations All the business has been done on a 



employee of Mr. Basinger had been side- have averaged only about 2 Yz per cent cost basis and no increase in assessments 



swiped by a locomotive at a railroad a year. New applications received this has been made since the company began 



crossing causing damage to the car. year by months are as follows: January business four years ago. On the otlier 



The adjuster got an estimate from a 416, February 385, March 427, April hand, several competing companies have 



local garage and recommended that the 574, May 479, June 679, July 527, increased their assessments within the 



company settle for $70, which he said August 472. last year. At present there is no in- 



was satisfactory with the insured. The The fact that the Illinois Agricul- dication that any increase need be made. 



check was mailed to Mr. Basinger on tural Mutual has continued to grow and ^ . 



July 13, four days after the claim was to gain the confidence and business of AutO Insurance Agents 

 received. a larger number of Farm Bureau mem- 

 The Employers' Liability division of bers each year is evidence that it is 

 the company is also growing. Seven- meeting a definite need. The purpose 

 teen hundred farmers have made appli- of organizing the company was to sup- 

 cation for this insurance which protects ply Farm Bureau members with a state- 

 them against common law liability to wide company of their own operated at 



In Race for High Sales 



UNDERWRITING DEPARTMENT 

 Left to riglit — Marjory Lynch, Grace Powell, Maruaret Simpnon, AgneN Stack, 

 Helen Ekbers, Laura Victorine (Mtandinsr), Anna Belle Drury, Margaret CarrienM. 



Violet EvanM nnil Helen Mertx. 



The Illinois Agricultural Mutual In- 

 surance Co. hopes to pass the 30,000 

 application mark this month. A con- 

 test is on between agents over the sta 

 for which prizes are offered in the fj 

 of Penn Bond motor oil to the 1 

 est general agents and the 10 highest 

 special agents. 



The highest general and special agents 

 in the state will receive in addition a 

 pair of six-ply heavy duty Brunswick 

 automobile tires for any passenger car 

 owned by the agent and insured in the 

 Illinois Agricultural Mutual. 



The county sending in the highest 

 number of applications will receive a 

 banner. Champaign county has won 

 the banner for the past three years. 



The 10 high counties in applications 

 for August were: McLean, Morgan, 

 Cook, De Kalb, McDonough, St. Clair, 

 Whiteside, Henry, Stephenson, Will. 



General Agent Wm. E. Hedgcock of 

 McLean county led all others. / - 



