Testing Fire Risks for Rates; Also, a Reprint of the Little Paragraphs. Comments and Criticisms on the Business of Fire Insurance - Softcover
Synopsis
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1901 Excerpt: ... Then and Now. 'Then'," they would not insure a stone dWeflitfjr with a green tree near it for fear of lightning,-'Now" the "premium hunters" will insure the lightning itself if there is no troublesome survey to ho turned up after the fire occurs.--Nov., 1900. Stuck in the Mud. The officers of some old and respectahle companies are so stuck in the mud of antiquity that it would be impossible for their directors to change the order of things without changing the officers for those with newer heads or those with newer ideas in old heads.--Nov., 1900. The 15. On the Committee of "15" are some who, when sprightly "specials," made things hum for their companies outside and money for them inside. As officers of companies these same men have not the time to "travel" but should have the experience and knowledge to select three independent well paid men to push the work that the "15" never will push,--Nov., 1900. Bad Business. Some would have it believed that all Fire Underwriting is "bad business." The value of the stock of some companies does not say so, while some others do. There is no difference in the stock, it is in the men and methods for selecting the risks the companies insure.--Nov., 1900. Advice. Successful companies seem to take all the ad' vice offered, but use that only which they know to be good-"Advice underwriting is machine underwriting, and that will surely put any company in the re-insurance line. It also generally provides temporary back-room positions for its officers in the company that swallows them up.--Nov., 1900. Found at Every Fire. An imprudent New York insurance weekly once printed: "The so-and-so insurance company if found at every fire." The result came quick and sure; the company got too near too many fires and the shutters soon wen...
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