| Show I 31 yew new york jan san 26 A petition is being weing extensively circulated i among the proper property ty ow owners ners ot of this city asking the state legislature in view of the frequency oi of fires many of which appear to be of incendiary origin to take such action as shall prevent the recovery under any policy of insurance su rance of any sum greater than three fourths of the cossor loss or damage sustained in any ease case and to compel the hinsum insurance uce nee companies to limit their liabilities to that extent the petitioners petition ers hope that tha tsuch hsuch enactment will pl prevent event to some extent at least the crime of and the loss of life at fires and give better safety to property ro perty and reduce the present high rates of insurance they also declare that most of the incendiary fires are caused by the system of full insurance and over insurance followed by many of the companies and argue that such a careless way dav of doing business reacts to tile the injury of honest insurers compelling by them to pay a higher rate of insurance su ex |
