Arson Losses Decreased

Issue 10 and Volume 89.

Arson Losses Decreased “Contrary to general belief that the business depression of the past several years caused an increase in arson and fire losses, the fact is that fire losses decreased approximately forty per cent, as compared with the losses reported prior to the depression era.” Thomas P. Brophy, Chief Fire Marshal, New York City, explained this to members of the International Association of Chiefs of Police gathered at Kansas City. Mo., for a convention. “The reduction in the number of fires and fire losses since the depression is attributed principally to low inventories —there being no surplus stocks on hand —thus making a fire unattractive from a financial standpoint. There are other factors for these conditions such as the reduction in the amount of insurance carried on risks and greater care and caution which is exercised by insurance companies in their underwriting, all of which have removed the incentive…

Subscribe to unlock this content

Subscribe Now