14            i t b P- O' g  0 j   a t  0 ou'' U- I S'S' I ON- B'R' 0, B,
I 12"St' 19  ,  -   -


INTER4INSURERS AND LLOYDS.
The New Rfngland Factory Mutual plan of doing businessi has
been discussed in earlier r.eports. - That of the inter-insurers and
Lloyds is discussed in a report of inter-insurance examinations
printed herewith to which attention is especially directed that
larger insurers, who are most likely to patronize these forms of
insurance -may do so with a full understanding of their advan-
tages and disadvantagaes.
RATES IN WISCONSIN.
A statistical tabulation for stock companies from 1870 to 1912
gives an average rate of $1.05. per $100 of insurance for 1912,
which is the lowest sinee 1879 and is 6c below that of the preced-
ing year and 63c below that of 1903 and 1893. There, has been a
continual decline in the average rate since 1903. How far this
constitutes an actual reduction in the! rate o'n the average risk it
is difficult to determine, as a part of the decline is owing to the
reduction in rates and premiums brought about through the in-
creased use of sprinkler equipment. The Wisconsin loss ratio
during the last year was especially favorable, averaging less
than 40 percent against an average of over 50 percent through-
out the country. For a five year period the'loss ratio in the state
has been 47 percent against 5" percent for the same companies
throughhout the country. The tables showingf the rate of insur-
ance per $100 separately for stock and mutual companies during
tie period albove mentioned, with a ratio of losses to premiums,
are printed elsewhere in this report. A table showing the per-
centage of net losses to net premium follows.