Fires Shake Insurance Confidence
The recent great fires in this country have greatly disturbed insurance men, says the Washington Times. All calculations have been upset. The Rochester fire, following so quickly the Baltimore fire, has “shaken confidence.” “Many insurance men,” says the Times, “will be nervous, dreading a great fire in the business center of some other city. The destruction of the Granite Building, in Rochester, is a great shock, because that building was regarded by insurance men as entirely fireproof. Rates in that building were extremely low. This fire may cause the companies to raise the rates for many buildings in this city which are of modern fireproof construction.” The events of the last days, when the judgments of God are in the land, will continually upset human calculations, and set at naught the safeguards men may throw around life and property. God designs to teach men at this time that in turning unto him is the only safety.