Business & Finance: Insurance Potpourri

Of all U. S. businesses few are more routine, none more newsless than insurance. Last week contrary to custom insurance made much news:

¶ Globe & Rutgers Fire Insurance Co., third largest in New York, was by court order placed in the hands of the State superintendent of insurance for "rehabilitation" amounting virtually to a receivership. Reason: depreciation of assets nominally valued at $71,900,000 at the close of 1932.

¶ Raymond William Stevens, ex-president of the defunct $150,000,000 Illinois Life Insurance Co. was about to go on trial last week for embezzlement of the...

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