Are Fire Insurance Rates Too High?

Issue 20 and Volume 78.

Are Fire Insurance Rates Too High? An Analysis of Premiums as Established in Holyoke, Mass.— The Companies’ Profits and Losses in Relation to Rates Asked A Report by THE following article embodies a report submitted by Mr. Lucey to the Executive Board of Holyoke, Mass., Chamber of Commerce, and contains an exhaustive analysis of the insurance situation in Massachusetts, and the relation that matters of fire protection and the efficiency of the fire and water departments bear to the establishment of insurance rates. As the situation in Holyoke is paralleled in many other cities throughout the country the report will be found of especial interest to chiefs of fire departments and water works superintendents: Fire insurance rates in Holyoke have been a matter of consideration and discussion for several years by many citizens who believe that the rates are excessive. Notwithstanding the apparently true assertion of the Underwriters that fire…

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