Show RS ARE BEWilDERED They Have Scarcely Any Idea as asTo asTo To jo Their Losses in San Francisco DISCUSS TECHNICALITIES to 10 U be no I itt 11 l Appears t 10 to Take fake of Tl Jh fin Xe Ne Neil York April 19 Never were the Naw York underwriters no o bewildered IlS a to 10 their loss los In a 11 catas catastrophe catastrophe as yesterday when they tried to the tM th magnitude of their lia ha liabilities from flo n tho the earthquake Several conservative underwriters agreed that the property value aluc of or the collapsed and arni burned areas will aggregate OOOO A 4 comparison on with the Baltimore fire fira tt If F Feb b 7 1801 1904 was vas drawn In jn In circles In that worth of property van wa and tho loss lose witch which eventuallY fell upon the Insurance la com corn was approximately Between that disaster and yesterdays there ivas WiS tho the one great difference In III Ini 0 i fact that the tho lire Ire underwriters arg argot ar ot liable for OSS H caused by byth th the Itself Hut But as ns for the tho darn dam IC ge to buildings which collapsed part partly ly Ir and iid then took tire fire underwriters were uncertain during Juring the day As All to the bInck of or buildings which escaped the tho and then were seio burned thu th estimates tes were clearer den rei California Is S not hot what Is I called culled among Amons men inca a standard policy stateS state and for or many mall Rn years ears most policies Issued upon property there contained a specific clause ex c from rota liability from wreckage through earthquakes Within ft a few most moL mO lt of or the companies writing the bulk hulk of San nn Francisco Insurance u ed etl the New York standard pull poli policy cy c which contains only one clause In hi any way ay bearing hearIng upon liability for damage That clause Is as follows tollow If It a II building or any part thereof fall except an as a the result of lire all 1111 liMe ane b by thin hlll hi policy on ouch lIuch building or orlis orIts jig Its shall Immediately cease ceas Some Somo companies have an old fa ta policy which exempts from d oe ty Wy If earthquake of these then companies were vero buHy examInIng the question as aR tn to how hOll fur far this clause would exempt them from loss by hy resultant rc fires Uc The general disposition however hO Wiver er wall VaR that thit the Ih would raise ralso no technicalities but wherever there could be the slightest question tho the benefit b n tU of o othe the doubt would be given to the policy policyholder holder AMOUNT RISKED Chicago April 18 Fire Insurance companies hal haI about at nt risk in Iti iho tWity city of b San Pan Francisco Francis the tho being based on the premiums In tO For years car earll tho the Pa Pu rifle cine const coast baa been the tho one section ot ur the Ihl country which could bo be depended upon for tot la n t steady t In and andar Hur ar out nut San Slin nn Francisco has liltS been tho the b t profit producer of the tho coast Its 1111 lo loss s ratio tallo for n a period of ot f years jears hUH haM bon In the tho lowest being less lass than 20 25 per Iel cent of any city In the country tho unusual proportion of frame construction As n a 1 result of ut this usually favorable experience rates rails were low lo In itt that city and nil 1111 the tire tiro Insurance companies wrote very vcr lib tally cully On tho the other hand band tho the pro iro proportion portion of Insurance to value was wall ns small mall partly of or the 1 nc over the tho long Immunity from Ilta losses anil because there Is III clauses In use U o there then as all Is the rule In other largo large cities requiring ing the owner to carry cany call a Il certain pro proportion portion of Insurance to value The total San Francisco premiums In ir 1905 1906 were of which 1165 Vas vas ms In III American companies and In foreign companies Th Tho latter atter proportion Is hI much gi greater eater than that hat held by b foreign companies In III ii the country nt nl large as ibe hun have alwa s specially developed the Pacific coast coart business Several Severn foreign companies that are arc never heard h artl of In the east are nio large writers on Oil tho the Pacific coast Tho The RhIno Moselle o lIe for Instance which operates nowhere ro in thu Iho United Unit Id States except on the lie coast coust had nearly at risk In Han Francisco Handing eighth In tho the list In order of amount There were lOG Urn fire com coin companies doing business ss In California last tar ear The 1 he Firemans 1 fund which Is III tho leading HIM company ct t San Francico I ranel c stands third Its ItH pre pie In thu city last year eul be beIg leg big Ig the thC Homo Fire larinI owned by b h It had hal 1103 3 mm estimated e tonight that h t tint Ji two companies hail had over MOOD 2 OooO nt risk rl k Tho Tb Hartford had liati 36 III in premiums anti and tho the Nov New York owned by hy It II luid hit a total ilsc rIN of or over orr 5 1 The rill California iii 11 which only resumed r bu hU lii w lust year ear had unit of nf 2 2 5 85 and nut tho Ito Ia Pa Underwriters hail had 2032 Tho rho Pacific Mutual which was waK recently with the of Los LOH Angeles will vill bo IJ doubly u it culTer er us as that company both life lito and accident Insurance It hail had the largest business bu s on 01 the coast coust last luct III t year reat reatA yearA eirA A Cleveland April 19 It huts hUll como come to II light here herp that the committee of or ex cx expert pert on tire fire hazards In the tho employ of the national of fire firu mulct writer made a II remarkable prediction u a year ear eal ago In a II report regarding San Sin Fran Francisco cisco After pointing out many topo topographical topographical graphical disadvantages the tho report says n fact tact San Francisco ro his has 1 all II underwriting traditions and pine prece precedent dent by not lIot burning tip up That It han ban pot not done GO to Is largely due to tn tIm the vigilance of Ot tin the fire department which cannot be relied upon Indefinitely to stave oft off tho thu Inevitable |