Leadership

FIRE INSURANCE RATES IN BOSTON.

Issue 2 and Volume 23.

FIRE INSURANCE RATES IN BOSTON. There does not seem much chance of fire insurance rates being reduced in Boston, in spite of the fact that petitions to that effect have been presented by the leading business associations and commercial firms in the city. The committee of the board of underwriters, in answer to the petition, shows that the fires cf 1889 and 1893 resulted in a fire loss four times the average; and yet the advance of rates in 1893 was but ten per cent, over those of 1892. The answer reiterates that, notwithstanding tire excellence of the water works and fire department the city is not looked upon as a good one for large lines at low rates, and instances the fact that it is next to impossible to get money to start a new insurance company in Boston, although that city is the second city in the country…

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