Practical Remarks on the Present State of Fire Insurance Business: The Evils of Competition Pointed Out; With Hints for Improvement (Classic Reprint) - Hardcover

Fredk; G. Smith

Hardcover

ISBN 10: 065635450X ISBN 13: 9780656354504

Publisher: Forgotten Books, 2018

Synopsis

The book argues for a calmer, more unified approach to fire insurance rates and practices, helping offices reduce risk and improve profits.

Originally addressed to directors and managers across Britain, this work examines how competition and low premiums have fostered losses and fraud. It proposes practical steps toward uniform rates, clearer risk understanding, and cooperative action to strengthen the fire insurance business for all involved.

The author draws on experiences from English and Scottish offices, cites historical events, and highlights successful efforts to standardize rates for difficult risk categories. The aim is to inspire a more stable, transparent market that benefits companies, agents, and policyholders alike.

• Insight into how competition affects claims, fraud, and overall profitability.
• Discussion of proposed remedies like minimum premiums and agreed-rate structures.
• Examples of coordinated efforts across offices to improve risk assessment and pricing.
• Considerations for specialized risks, including drying stoves and large industrial hazards.

Ideal for readers of insurance history and practitioners seeking practical paths to improved premiums and reduced losses.

Edition details

• Publisher: Forgotten Books
• Publication date: 2018
• Language: English
• ISBN 10: 065635450X
• ISBN 13: 9780656354504
• Binding: Hardcover
• Number of pages: 148