Leadership

May Fire Losses Up Again

Issue 7 and Volume 101.

May Fire Losses Up Again Monthly fire losses in the United States resumed their upward climb in May when fire destroyed $59,256,000 in property and resources, an increase of 4.8 per cent over May of last year, the National Board of hire Underwriters announced. The decrease in fire losses reported in April has broken the spiraling record for the fire time since March, 1944, but has not established a declining pattern, according to the estimated figures for May. Losses for the last 12 months reached $705,973,000 or $13,338,000 higher than the all-time peak in fire waste and ravage of a single calendar year, $692,635,000, reached in 1947. Fire destruction showed a seasonal decline of 7.0 per cent from April’s figures, but continued at a record high of $2,183,000 a day for the first 152 days of 1948, bringing total losses for the five months to $331,774,000. All fire loss figures…

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