OCR Text |
Show WAR RISK RATES ARE INCREASED American Underwriters Suffer Loss of $1,500,000 by Sink- ing of the Harrovian. ADVANCE IS GENERAL Rates to1 England Three Per Cent, to Bordeaux Two, as Result of U-campaign. New York. April 19. Insurance underwriters un-derwriters hero have advanced from 3 per cent to 2 per cent the war risk rates on shlpmontB from New York to Bordeaux and other ports on tho Bay of Biscay. This resulted chiefly from the sinking of tho British steam-or steam-or Harrovian In tho Bay of Biscay by which It Is estimated. American underwriters un-derwriters suffered a loss of $1,500,-000. $1,500,-000. 'Rates of war risk on shipments to tho United Kingdom bJbo were increased but less radically. The rate to London haa advanced ono per cent within ten days and has now reached three per cent. The rate on shipments to other ports on the east coast or the United Kingdom and to Havre is about 3 per cent. The rates to the west coaBt of England, have reached 2 per cent. On shlpmontB to South American and Australia tho quotations have fallen off to one quarter and one-eighth. one-eighth. They were at 2 per cent ftttuvbxiytwDoaflaciBftnTald- ers off the south American coasts. |