Earthquake Fire Insurance Losses

Pacific Press Publishing Company · Mountain View, Cal. · Jun 6, 1906

FromSigns of the Times, Vol. 32, No. 22.

Earthquake Fire Insurance Losses

The insurance commissioners of San Francisco have made a thorough inspection of the district destroyed by fire following the earthquake of April 18. The policies held by those whose buildings were burned will reach $175,000,000 and the commissioners estimate that the total loss will reach $300,000,000. As this is divided among about eighty companies, they assert that only a few of the smaller companies will go down; that in the main the companies will be able to pay dollar for dollar on their policies. Rates are being raised in Chicago, Baltimore, Boston, Philadelphia, and New York on an average of 25 per cent.