Show TIIE FIRE HAZARD IN TIIE THE early Qs ot of insurance the general pun plan for making rates vins vas that the public made the conditions and ana the insurance companies cariles made the rates to suit responsibility of insurance companies included only collection of premiums pa anent of losses and maintenance of solvency the idea id ca that the public Is entitled to tenice bilth the purely mechael cal conduct of business lias has been a development of recent bears 3 ears in tile the ansur ane business as veil u ell as in III all other lines lilies the national board of fire underwriters the service organization of the stock fire insurance companies of the united states series senes both parties to the fire insurance contract for the companies the property owners and municipalities pali ties it collects and distributes information on a great variety of subjects the cost 0 of insurance Is part 0 of the overhead expense e of every business fire insurance companies are arc alert to reduce the burning ratio which Is the prime factor in that cost committees of the national board devote del etc their time to that endeavor for example the committee on adjustments Is now engaged in III coordinating the practices of adjusters and eliminating soure sources s of waste naste in connection with losses the committee on construction of buildings strives to make property sate safe in itself while the committee on fire prevention i and engineering standards standard Is 19 in touch with avith fire cre departments and water linter boards of every eiery city of any size in the united states working for standardization and improvement of fire fighting facilities the committee ori on and arson ar son Is endeavoring e n g v with ill a considerable degree agree ot of success suc cels to rid the country of the committee on laws keeps constantly 1 y in I 1 n touch with the introduction of statutes affecting insurance and its cost to the public these thee are just a few of the more important services fees the national board of rire underwriters Under performs for or the public and the insurance companies |