Sailstad Case Update: 100 Years Ago in Insurance
December 28, 2021 by The National Underwriter Life Insurance Edition Staff
Here is an article that appeared in the Dec. 29, 1921, issue of The National Underwriter Life Insurance Edition.
Interest has again been aroused in underwriting circles in the case of E.J. Sailstad, president of the Multitone Manufacturing Co., Eau Claire, Wis., who was supposed to have burned to death at Lake Nebagamon, Wis., in August, 1920, by the filing of an application for a marriage license by Mrs. Laona Sailstad and Ross T. Richardson, a salesman. Mrs. Sailstad stated that she is a widow. Sailstad was insured for $77,000 and The Travelers’ in which he carried the bulk of the insurance, has resisted payment of the death claim and maintains that it has proof that Sailstad is still alive.