OCR Text |
Show INSURANCE RATES TO BE ADVANCED - Less Desirable Risks to j : Reimburse San Francisco Fran-cisco Losses. CHICAGO,' May . Fire Insurance rates in Chicago on all less desirable risks will b advanced 25 per cent or more to relm-burse relm-burse companies that have suffered loss in the San Francisco fire, says the Tribune. This action practically was decided yesterday yes-terday at sr meeting of twenty Western managers in the rooms of the Western Union, in the American Trust and Savings Sav-ings Bank building. At the same time there will be a large reduction in brokers' com missions. The raise in rates will not be a "flat" advance. It will affect what are known as the unprofitable hasards and it will be confined con-fined chiefly to the congested district . bounded by Harrison street, the river and . - the lake. The stockyards also will be considered . a congested territory In the advance of rates and likewise the manufacturing sections. sec-tions. - - Fireproof buildings will be exempt from the increase. : . . It is probable that the advance In rates will be made throughout the entire district dis-trict controlled by the Western Union, extending ex-tending from Pennsylvania to the Rocky mountains. |