Issue 9 and Volume 40.

THE VALPARAISO LOSSES. It is estimated that the insurance losses by fire and earthquake at Valparaiso will not exceed $100,000. most of which will fall on Chilean companies. It is believed that no American company will suffer any loss. Most of the British companies writing business in South America have the following earthquake clause in their policies: “This insurance does not cover loss or damage by fire during (unless it be proved by the assured that the loss or damage was not occasioned thereby) or in consequence of subterranean lire, earthquake, hurricane, volcanic eruption or the convulsion of Nature.’’

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