Leadership

SAVANNAH AND ITS FIRE LOSSES.

Issue 12 and Volume 23.

SAVANNAH AND ITS FIRE LOSSES. At Savannah, Ga., the fire losses paid from 1886 to 1897 have amounted to $3,0.15,638 41; the gross premiums paid, to $4,200,185.01—less expense thirty-three and one-third per cent.,$1,400.061.67—net premiums, $2.800,123.34; actual loss to companies. $245,515.07. The insurance companies have increased their rates ten per cent. The underwriters in defence claim that Savannah is afflicted with a political fire department, and this is always expensive to citizens both as a matter of outlay for its support and extra cost for insurance. It is quite immaterial to the fire insurance manager what the politics of the fire chief may be,if he puts out the fires; but the significance of so many serious fires is not lost on the companies who are obliged to pay drafts to meet them. A poor fire department (they add) means an actual obliteration of value through fires which, instead of being stopped…

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