NTDMG067 Guide to Consolidated Insurance Agency records 1921-1964 Consolidated Insurance Agency records Finding aid prepared by Judith Nielsen Funding for encoding this finding aid was provided through a grant awarded by the National Endowment for the Humanities. University of Idaho Library, Special Collections and Archives 1985 This finding aid was produced using ArchivesSpace on 2020-05-01. English Finding aid based on DACS (Describing Archives: A Content Standard), 2nd Edition. English University of Idaho Library, Special Collections and Archives Consolidated Insurance Agency records Consolidated Insurance Agency (Wallace, Idaho) MG 067 7 linear feet 1921-1964 Correspondence with insurance companies and policy holders, business licenses, minutes of directors' and stockholders'meetings, tax records and other financial records of a Wallace, Idaho, agency.

The Consolidated Insurance Agency was organized in 1919. The original shareholders were local business and mining men who were in a position to direct considerable business to the company. Over time, through death or removal, many shares passed to non-residents who were not in a position to assist the company.

Additionally, in the early 1960's radical changes occurred in the insurance industry. Nation-wide organizations advertising on television introduced direct selling, thus eliminating the need for local agents. The cost of insurance rose, but the commissions paid to local agents decreased. These changes resulted in a declining income for the company, while the cost of doing business increased.

With the probability that these trends would continue, the directors decided to sell the business and entered into negotiations with the Rossi Insurance Company of Wallace which purchased Consolidated in June, 1964.

The records of the Consolidated Insurance Agency span the years 1921 to 1964, with the bulk of the material covering the years 1958-1962.

The papers include correspondence with insurance companies and policy holders, business licenses, minutes of several directors' and stockholders' meetings, property, income and withholding tax statements, balance sheets and financial ledger sheets.

Collection is open for research.

The records of the Consolidated Insurance Agency of Wallace, Idaho, were donated to the University of Idaho Library by Henry L. Day, one of the directors and a major stockholder in the company, in September 1971.

The material in this record group retains its original order. Although material was refoldered, the original folder headings, when present, were used.

The correspondence is in two sections, the first is arranged alphabetically by insurance company, the second, alphabetically by policy holder. The business records are separated by type and each is arranged chronologically. The same arrangement is used for the financial records with the exception of the three boxes of ledger sheets. The first of these boxes (#5) contains the 6 most recent years (1958-1963) and is separated by year; each year contains three sections, one is arranged alphabetically by insurance company, the second appears to be a record of rental property and is arranged alphabetically by owner, and the third contains the Accounts Receivable and other similar headings and appears to be in the order in which these items appear on the balance sheets. The second box of ledger sheets contains the earlier records but in a single sequence. The last box contains records of individual policy holders and is in alphabetical order by name of the policy holder.

[Description of Item], Consolidated Insurance Agency records, MG 67, Special Collections and Archives, University of Idaho Library, Moscow, ID

Cancelled checks, agents' copies of policies, receipts and invoices were discarded as were duplicate copies of financial statements and mimeographed material. In all, approximately 3 c.f. of material was removed.

 Wallace (Idaho) Insurance agents Idaho Series I. Correspondence 1957-1962 Sub-series A. Companies 1958-1962 Aetna Insurance Company 98 items 1958-1960 1 1 Aetna Insurance Company 65 items 1960-1962 1 2 American Insurance Group 180 items 1958-1962 1 3-4 American National Insurance Company 9 items 1961 1 5 Balfour, Guthrie & Company 84 items 1958-1962 1 6-7 Continental Insurance Company 154 items 1958-1962 1 8-9 Farmin Insurance Company 32 items 1958-1962 1 10 Farmin, Rothrock & Parrott 273 items 1957-1962 1 11-12 Fidelity & Deposit Company 20 items 1960-1962 1 13 Fireman's Fund - Automobile 364 items 1958-1962 1 14-15 Fireman's Fund - Fire 141 items 1958-1962 1 16-17 Fireman's Fund - Miscellaneous 788 items 1957-1962 1 18-20 General Insurance Company of America 231 items 1958-1962 1 21-22 Glens Falls Insurance Company 236 items 1958-1962 1 23-24 Great American Insurance Company 98 items 1960-1962 1 25 Hanover Insurance Company 70 items 1959-1962 1 26 Hartford Accident & Indemnity - Bonds 282 items 1958-1962 1 27-28 Hartford Accident & Indemnity - Miscellaneous 47 items 1958-1960 2 29 Hartford Fire - Fire 164 items 1958-1962 2 30-31 Hartford Fire - Miscellaneous 37 items 1958-1962 2 32 Hartford Steam Boiler 74 items 1958-1962 2 33 Holland America 10 items 1961 2 34 Home Insurance Company 206 items 1958-1962 2 35-36 Industrial Indemnity - Compensation 684 items 1959-1962 2 37-40 Insurance Company of North America 61 items 1961-1962 2 41 Liberty National Insurance Company 582 items 1958-1962 2 42-45 Minneapolis Fire & Marine Insurance Company 22 items 1958-1960 2 46 New York Underwriters Insurance Company 14 items 1958-1959 2 47 Old Colony Insurance Company 15 items 1958-1959 2 48 Oregon Mutual Insurance Company 59 items 1958-1962 2 49 Pacific Indemnity Company 13 items 1959-1961 2 50 Prudential Insurance Company of America 251 items 1957-1961 2 51-52 Springfield Insurance Companies 69 items 1958-1960 2 53 St. Paul Fire & Marine Insurance Company 33 items 1958-1959 2 54 Standard Insurance Company 10 items 1958 2 55 Sun Insurance Company 5 items 1958-1959 2 56 United States Fire Insurance Company 122 items 1958-1962 2 57-58 United States Fidelity & Guaranty Company 153 items 1958-1962 2 59-60 Sub-series B. Individuals 1958-1963 A-D 288 items 1958-1963 2 61-64 E-M 752 items 1959-1963 3 65-73 Monitor Mining Company 84 items 1946- 1959 3 74 N-W 362 items 1957-1962 3 75-82 Wallace Realty 20 items 1940- 1960 3 83 Wallace Supply Company 268 items 1943- 1961 3 84 X-Z 21 items 1961-1962 3 85 Series II. Corporation Business Records 1943- 1964 Licenses and Annual Statements 71 items 1952- 1963 3 86 Notices and minutes of meetings 59 items 1943- 1964 3 87 Proxy Statements 379 items 1951- 1964 3 88 Stock transfers and dividend payments 34 items 1953- 1963 3 89 Series III. Financial Records 1921- 1964 Property Taxes 19 items 1953- 1963 3 90 Employer's Quarterly Withholding Returns 209 items 1958- 1962 3 91 Corporate Income Tax Returns 16 items 1957-1960 3 92 Bad Accounts 14 items 1949- 1961 3 93 Salaries and commissions 12 items 1951- 1961 3 94 Profit and Loss Statements 28 items 1957- 1960 3 95-97 Check Stub Books 7 items 1959-1961 4 98 Cancelled checks, Real Estate Trust Account 34 items 1959- 1961 4 99 Journal Entry slips 1200 items 1959- 1961 4 100 Ledger sheets 600 items 1958- 1963 5 Ledger sheets 850 items 1921- 1958 6 Policy holder ledger sheets 800 items 1933- 1964 7