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Updated: May 11, 2025
But I'm afraid he's too much of a philanthropist a little too unselfish for us. We want an underwriter, not a philanthropist some one more interested in keeping down the losses of the Guardian Fire Insurance Company than those of the United States of America. And I imagine that Lyon at present would stick to the Liberty anyway, although I fancy he will be open for a new position before very long."
Second, to make the government the guarantor of farm prices and the underwriter of excess farm production without limit a course which would bankrupt the strongest government in the world in a decade.
If, when it comes, the underwriter feels that the rate of premium is not commensurate with the hazard, he writes the agent, 'Rate too low: please cancel. And there is where his diplomacy comes in. The agent, who must now get back the policy from the assured, must not be offended, or his more desirable business will be placed in some rival and more liberal company.
But that is not so with the underwriter. One moment he is in the construction camp of the road builder, and the next in the palace of the city banker; one moment he is in an Idaho sawmill, and the next in a New England college chapel; one moment he is in a Florida orange grove, and the next in a salmon cannery on the Oregon coast.
The underwriter, who had been trying to minimize the amount of impending loss, regrets his premature pessimism. The ship has been stauncher, the skies more merciful, the seas less angry, or perhaps the men on board of a finer temper than he has been willing to take for granted.
Apparently everybody in the insurance world, including especially the insurance editor of the paper in which he did not advertise, knew he had decided to go outside his own office for a managing underwriter; and apparently every person within reach had some one usually himself to recommend for the position. Mr.
But only to get started. When I'm started properly I can look after myself." "My boy," said the veteran underwriter, kindly, "I have known John M. Hurd since he was thirty years old. I knew him when what is now the Massachusetts Light, Heat, and Traction Company consisted of two cars, four horses, and three miles of single track.
Now, the fire underwriter has to pass upon the danger of every risk whose insurance is offered to his company. The company, of course, makes its underwriting or trade profit or hopes to do so by receiving more money in payment of premiums than it has to disburse, after deducting expenses, in losses. It must therefore accept its business as scientifically as possible.
And what was he now? an underwriter at Lloyd's; they said he even painted pictures pictures! Damme! he might have ended as Sir Jolyon Forsyte, Bart., with a seat in Parliament, and a place in the country!
But in any event the old man would be much more interested in thinking it was you." "If I am ever in Robbinsville, I shall see that he knows the real facts," said Miss Maitland, with a slight flush in her cheeks. "Here is Twenty-third Street," the underwriter said abruptly. "Where are you bound for, if I may ask?" "Nowhere in particular," the girl answered. She stopped.
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