Leadership

FIRE AND WATER

Issue 18 and Volume 20.

FIRE AND WATER MEANNESS in adjusting fire losses is a frequent source of complaint—so frequent, indeed, as to afford grounds for suspecting that there is at least good reason for believing in its existence. Certainly the conduct of the companies with whom Mount Hollyoke college was insured towards the proprietary of that institution goes far to support that belief— always supposing, of course, that the account published in the Boston papers is true (and it has not been contradicted). The college was insured for $157,000; but the companies refuse to pay anywhere near that amount, on the plea that the building had deteriorated in value in the years that have elapsed since the policies were written. It will be noticed, however, that the companies never adverted to that fact when the policies were renewed year by year. The trustees claim that they had kept the college in constant repair, and…

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