Show Ri fi r FIRE UNDERWRITERS j They Th y Have Scarcely Any Idea as asTo ast asI t To I o Their Losses in San Sani i Francisco j I H DISCUSS TECHNICALITIES j i At t 1 III i IIII Appeals s l M lu III I U hi hl no H III I I I It HI HIto i to III I Tulu of ur orI orIS t I j IS New C ev York April 19 Never w o tim tho Now York oik underwriter no H bewildered ns nil lo to their probable tots In III a II t 1 uit ut u when they tried j to fO b estimate st linato tho tio lULl S UI t tIIe of or 0 r their t lia liabilities lIat I ia t hi I tIes from rom tho t J earthquake et ua kV I 1 conservative colI underwriters rf that thaL th property ulue of oC the collapsed i will OOl OOlA t A I Ii the th t h I I lite Ie of lit rob Fob 7 i 1001 WOI wan Instantly drawn 1 in iti Insurance circles In III iO worth lurth of ot property rIY us ed and the thc lom which Eventually tell fell upon POll II tile the Insurance coin Oln tam panics Wild was approximately Between disaster dJ n lr anil I there WOH nH the ono omm great grett difference O In Imi lk fact that the tho lire fire UK 1111 not nol liable flabia for fur caused by hy thu thuI 1 I e Itself Hut an ith for Cor the dam damage age n e to 10 buildings which thIch collapsed part Im partly j ly and then took Jolt fire underwriters j uncertain dining the day As A M to 10 the of ot buildings which escape e I the tho thet j t and then themi thu thus 1 s I were cI II toil I I IH IM not I mu L what wh it t Is 15 I culled called n Itel among i 1 I men n a Ii tm I ti policy WI II ly IY 1 I C and atmil for many yar most 1 tin upon property j i 1 t hem e I nd a it II C ex I Ij j era Pt ml g from liability I I hi I ity troll from I w ge through earthquakes Within a n few ew I t years most of at the mh writing J the t lie hulk bulk liu I k of or Kan nd vo Io hl I mm nce 5 ye ii it the New Ne w York Va rk NI Il rd pot poll pollI I Icy I cy c only 11 II Ill In Iti Inan IIII an 1111 way wimy bearing upon liability for nr ar That clause CiliUM Is I na liS n 4 I If It t a mi building hull I Id I mm or gum y part rt thereof t ime fall all except 11 ilK H time the result of at lire 1111 all mI II Insurance InN III mince ance by h I tills policy on aim building or 01 orUs orI Us 1111 I I s content comm t U t shall I I Immediately I mom i tely rease C 1 pm a li have nm WI retained re hi I nn a n old oh I fashioned 1 policy which exempts from 1 by h earthquake of or the companies w v re busy huy hu y 1 today examining the tho mention ns IM In tO J how far till this would exempt thorn hIll t I from roam Inn bv lp The Vh e gemi p mu i disposition i i poi tiami however i a ver wn wc thai the tha companies would i inse nhe no nn I toil hut there could v be lie Ibe th Iii e 41 I gli ill the Iho I hO benel L of lit the th I Ii doubt t would wo bi bl b given gl lu tim the th n ol ky holder hold cr 7 A lotT I V n April 1111 IS I V V companion haI 1111 about at ot V risk rl k In the timo city of SUn co the Iho thee e t hanto being based on 01 Im the Ih t lie premiums p M MV V In 1305 HI 1 f t r For yr the tho Ih Pi Ii a adfle cnn l has been I n tho the ono onu nib of tho tm country which could be he depended V 1111 for Cor n II In and h lor ar out c San an 1111 Francisco ban ha been tho best profit producer of nt time roaM COURt Its Tt IOKI lo ratS ratio tot for t a it period of i hilI V lien been tho thu lowest t being heln lem iest than 25 2 V per PC t cent t of oC any ft imy city In III I it llin iO III I country V V despite t tin Ihl th ti u 11 mutual II II I proportion pro of ut As 11 n a result of oC V Ibis usually i to hk experience tx raten ra tam V low lov lo in I n timi t city elly and all nl the m Ii e II re Insurance companies R Pry ery ry lib III TUlly era fly On V II the t lii other at lilt her I hand in the t it o pro proportion ro portion of lit Insurance to 10 II II of at the th Ih V over time the long Immunity from 10 R also niso because there them N II In use uc U o there thein as aM a Is III lime Die rule In other largo large In rAil cities requiring ILi ing ng the owner to III carry a I pro proportion 1 portion of ot Insurance to tn value lIlue V The Ih total HUll Han Francisco premiums V In III fl 1905 IDOr were S of ot which V S 16 J H 4 was s a IM written In I n American companies and amul I 3 4 OSO In Iii foreign companion The latter hitter proportion Is II V much lIuch eater than that held heiti by foreign V companies In III the tho country lI at nl as 1111 they always specially developed t the tho 1011 III i Several foreign companies co I C that are aro never V of In tim time cast are mimo III largo writers V on the tho 1 const Inn l ilia V tOsi 0 for Cur Instant I II lit II III which V nowhere In the States except on 1111 the timo Ih const oa 1 had nearly V s at rink rI l In lit San Francisco V V eighth II In tho the lI t In order oriler of ot amount were eio J I OL lire toni com V panics n los doing 1 Ii usi in I n California Co I l last Mur 1111 The Ihl Firemans fluid which Is III V the I ii e leading kim ill III Ii lie to Insurance I ru ra no 1111 company cam ii imm ny V of o Sail Hin mii ell stands third HH Its pre 1111 Income III In the city It laM mt I 1111 bo ho h lug 77 1608 0 while Hie limi Ih Home Fire Ih Marine owned by hy It hid hilll 3 JI 03 V Local Insurance I II II itt mue 1111 men Hi estimated tonight ht that the timo III two t a companies hm Immiti OVi 1111 nr r V nt III ilI 11 The Hartford bul hUlt V III In n ami anil time the Kew Zm NI York Underwriter owned by II It II hail had a IL total risk link I k of ot over 1 TIn The hl Cu II III FIrm Fire which only resumed 11 business last year 1111 hud Ia d pre a of ii t r ti H t and 1111 tho Iho I Pa oil elite Ic hud The Tho ho I ii Cl tic Mutual i U t nal which ish kit wn wa s recently I ly amalgamated II mini Igi ma it t d 11 wild w I I Ii the Ih I Ii mi Conservative t I ye yeLon of or Los Lon Angele A will he be doubly a II Hitter em 11 as 1111 that company wrote both bolh life liCe lit and I accident t Insurance I It i t hail lul 1 the tho th largest hugest on nil flit tho coast last In t year yearA 1111 A I April 19 It has come comae to In light hell heie that the committee of nt ex ox expert pert pt on 1111 fire hazards In the tho of at o othe atI the I he national 11 I I board ham rd nf of o 1110 ii re mm a II remarkable prediction a u year In a JI report regarding Han Fran Frati After pointing out many II n topo too topographical graphical disadvantages tho time report says sa In fact Han Semi Francisco lies has violated ull cli underwriting traditions and prece Ie precedent e elI dent lI ii nt mi t by iy not nol burning him ra I mm up tip That It Il ban S Sant nol lint done so Is III largely duo due 1111 to tf II the tin vigilance V iLl of mit t ii a lire ml t department I ella rt ii which vh cannot mm not be b i riled mci upon mm indefinitely I bitely to tol l u tiff Oft If the Inevitable |