xxvi   DEPARTMENT OF FINANCE—INSURANCE BRANCH.

This list of companies differs from that of the previous year, by the addition of two Canadian companies (the Canadian Railway Accident Insurance Company, and the Ontario Accident Insurance Company), and 1 British company (the Ocean Accident and Guarantee Corporation, Limited).

The total accident premiums received in Canada were $357,809, insuring an amount of $66,631, 381, and the sum of $191,129 was paid for claims, with $49,140 claims not settled.

An abstract will be found on page cix.

The guarantee business was conducted by four companies—one Canadian, two British and one American.

The list differs from that of the year 1894 by the addition of one British company (the Employers Assurance Corporation, Limited).

The premiums received were $76,379, guaranteeing an amount of $12,965,270, and the net amount paid for claims was $11,553 with S6,233 claims not settled.

The Guarantee Company of North America transacts business outside of the Dominion, which is not included in the above.

PLATE GLASS INSURANCE IN CANADA, 1895.

The business of plate glass insurance was transacted by four incorporated companies, viz. : 2 Canadian (1 of which combined it with accident insurance and 1 with steam boiler insurance), 1 British (combined with accident), and 1 American, and by 2 firms of individual underwriters, having their chief place of business in the city of Montreal.

The companies and the individual underwriters above referred to, having adopted the system of insurance by replacement, instead of paying the value of the glass broken, and their contracts not stating any amounts as insured thereby, their returns do not show the amount of insurance effected during the year, nor the amount in force at the end thereof. The premiums received during the year in Canada for plate glass insurance were $51,095, being greater than the amount received the previous year by $7,162, and the total losses incurred were $25,530, being $4,926 in excess of the amount incurred in 1894. An abstract will be found at page cx.

BURGLARY INSURANCE, 1895.

This branch of insurance, which is transacted to a considerable extent in Great Britain, was introduced into Canada three years ago. On the 14th June, 1893, a license was issued to the Dominion Burglary Guarantee Company (Limited), whose head office is at the city of Montreal, to transact the business of guaranteeing against loss or damage by reason of burglary or housebreaking, and of guaranteeing against loss of jewellery, bullion and other moveable property deposited with it for safekeeping. This company which was incorporated by an Act of Parliament of Canada, assented to on the 1st April, 1893, is the only company licensed by this department to carry on the business of burglary insurance in Canada. A table showing the premiums received by it, the number of policies issued, the amount insured thereby, the number and amount of policies in force at the end of the year, the amount of claims paid, &c., will be found at page cix.