Leadership

Fire Losses Continue Upward

Issue 4 and Volume 101.

Fire Losses Continue Upward Fire destroyed $71,521,000 worth of property and resources in the United States during February according to estimates announced by the National Board of Fire Underwriters on March 16. February’s fire loss is an increase of 13.5 per cent over the January estimate of $63,010,000 and 11.3 per cent greater than losses of $64,270,000 in February, 1947. The past 12 months’ destruction by fire reaches the staggering total of $705,739,000 with the inclusion of the February figures. It establishes a peak for fire destruction in any 12 month period ever reported by the National Board of Fire Underwriters. It exceeds by $13,104,000 the peak fire loss of $692,635,000 for the year 1947, which was the highest annual loss for any calendar year in U. S. history. During the first 60 days of 1948, fire has consumed over $2,242,000 daily in property and scarce commodities. Indirect cost of…

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